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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
Calhoun home equity loans news:
Financial News
Subprime Lending Hurts Homeowners - Social Funds
The Center for Responsible Lending contends that subprime lending has led to a net loss in homeownership. SocialFunds.com -- Not since the Great Depression has the mortgage market faced harder times, asserts a new report from the Center for ...

The Untold Story Behind the Mortgage Numbers the Federal Reserve ... - HispanicBusiness.com
WASHINGTON, Sept. 8 /PRNewswire/ -- The Federal Reserve today released figures showing once again that African-Americans and Latinos pay more for mortgages than white borrowers. Data collected from lenders for 2005 show that a majority of loans (52 ...

Coastal Post Online - Coastal Post News
(EIRNS)--In a report that still understates the damage to be wrought by the popping of the Greenspan housing bubble, the Center for Responsible Lending (CRL) forecasts: "As this year ends, 2.2 million households in the subprime market either have ...

Congratulations. Now where’s Newt? - Atlanta Journal Constitution
It is a measure certainly of the greatness of America that less than half a century after the civil rights movement a man whose skin color was once a barrier to full participation in the American Dream is now elected President of the United States ...

Alan Shrugged: Greenspan, Ayn Rand and Their God That Failed - Common Dreams
In a congressional hearing room on Thursday, former Fed Chairman Alan Greenspan, one of the most influential civil servants of the past century, saw his stock plummet—and his entire career lose its moorings. More important, the ideological battle ...

Items pertaining to Stevens Square neighborhood - Southwest Journal
MASSAGE ROOM: The Armatage Neighborhood Association (ANA) sent a letter to William O'Neill, the owner of the building that houses The Massage Room, 5410 Penn Ave., a parlor that has been under suspicion of prostitution. In the letter, president Noah ...

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