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Today's Mortgage Terms starting with L

Lender:

The bank, mortgage company or mortgage broker providing the loan.

Loan Application:

A statement of personal and financial information needed to apply for a loan.

Loan Application Fee:

A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.

Loan Origination Fee:

Fee charged by a lender for the administrative costs of processing a loan.

Loan to Value Ratio (LTV):

The balance of the mortgage outstanding as a percentage of the home's price.

Lock or Lock In:

A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.

View all Terms
Fall River mortgage rates news:
Financial News
Lenders OK 45-Day Delay in Acting - The Ledger
TALLAHASSEE | With Florida residents facing one of the highest foreclosure rates in the nation, Gov. Charlie Crist announced Monday that the state's bankers and credit unions have agreed to a voluntary delay in any foreclosure sales on homes or new ...

Home Front: Improvement seen in forceclosure picture - Sacramento Bee
Home Front is hearing rumblings that October saw a "meaningful decline" in various foreclosure filings for the first time in two years. The familiar industry trackers – MDA DataQuick, ForeclosureRadar and Foreclosures.com – all acknowledge the ...

Developers pay $1.8M for Jenks site - Journal Record
In a related move, Jerry Gordon, developer of the popular Jenks entertainment district along the Arkansas River, hopes to complete financing for the 125,000-square-foot expansion of RiverWalk on Wednesday. That would put the Jenks commercial and ...

Unhand that economy, villein! - Meganmcardle.theatlantic.com
I've been thinking about this for awhile. How much of this current crisis is just a manifestation of the American--indeed human--will? We're always talking about politicians deluding us and Wall-Street manipulating us, and predatory lenders conning ...

Potomac Confidential - Washington Post
• Sports : Thomas Boswell, 3 Fisher was online Thursday, Dec. 4, at Noon ET to look at the District's decision to open bars till 5 a.m. during Inauguration Week, the sad state of car sales in the area and the federal government's green light for ...

A variety of news around Oregon and the Northwest - Ashland Daily Tidings
PORTLAND — Sen.-elect Jeff Merkley says he plans to offer a bill to ensure federal timber revenue to cash-strapped Oregon counties when he takes office. The Oregon Democrat says the first goal is a sustainable timber harvest, to preserve logging ...

Continuous news, views, and abuse by the Reason staff - Reason.com
The great, unlamented mascot of Pets.com and the tech bubble, Sock Puppet, comes to Congress with a paw out for taxpayer money and inadvertently suggests a way forward through the current moment that doesn't involve massive giveaways. Approximately ...

Tom Acitelli - New York Observer
Yowza! In an email time-stamped 6:38 a.m., The Real Estate Group New York declared that Manhattan was now, for all intents and purposes, a tenant's market going forward. "Landlords are feeling a lot of pressure this month," Daniel Baum, the firm's ...

John S.W. MacDonald - New York Observer
As this blog encompasses culture, I suppose we’re contractually obligated to mention this year’s Grammy nominations. So here goes… The lucky nominees were announced last night at LA's Nokia Theatre during a live televised event that CBS humbly ...

These ideologues destroyed out economy in the 80's and we're about to ... - Globe and Mail
Classic Sadist Harper..... If there is going to be a deficit the opposition will have to get down on their hands and knees and beg for one. You're the first winner (or is it loser) of the Godwins Law Sweepstakes. Thanks for mentioning Hitler and ...

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