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Today's Mortgage Terms starting with O

Origination Fee:

Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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Financial News
The Note: Economy Confronts Obama...Again - ABC News Blogs
You don’t need a light-bulb moment for this one: Now that the national-security team is in place, it’s all about the economy again for President-elect Barack Obama. And, oh yeah -- he’s pretty much the president now, by the way. Partly it’s ...

Mortgage rates fall for 2nd day; won’t help all - Buffalo News
MIAMI — Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven’t seen this year. That drop is what the Federal Reserve was aiming for when it announced a plan Tuesday to buy $600 ...

Nov 30 - Dec 06 (93) - Andrewsullivan.theatlantic.com
Yesterday, the president and Christianist Rick Warren had a conversation about HIV and AIDS. As the epidemic continues in this country - still largely among men who have sex with men, especially black men who have sex with men - neither Warren nor ...

Next cut may be deepest for OCR - New Zealand Herald
It is a sign of the perilous times that the question dividing market economists about Thursday's official cash rate review is whether the Reserve Bank will cut by a record-equalling 100 basis points or an even more emphatic 150. Reuters' most recent ...

Graham Turner on facing the economic deluge - Socialist Worker
The tax cuts unveiled by chancellor Alistair Darling on Monday were cheered by the Labour Party faithful. But one only has to glance at the recent shocking turn of events in the US to see why these tax cuts will fail to rescue the economy. The US ...

Getting Primed For Bear Market Rally - CNBC
Asset allocation into stocks: that's what traders want for Thanksgiving...and a few days after. The Dow is up 7 percent this week, 16 percent from Friday's lows, and up today on some of the worst economic news we have seen in this dismal year...and ...

AP review: Bush administration backed off calls to crack down on high ... - Naples Daily News
WASHINGTON — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

Barack Obama on the Sarah Palin 'lipstick' brouhaha: 'phony outrage' - Los Angeles Times Blogs
Barack Obama today forcefully scoffed at the bid by the John McCain camp to make political hay out of his now-notorious "lipstick on a pig" comment, dismissing as "phony outrage" the flap over what he called an "innocent remark." He also called it ...

UPI NewsTrack TopNews - United Press International
WASHINGTON, Nov. 26 (UPI) -- The number of U.S. citizens receiving food stamps could surpass 30 million this month, federal officials said. The U.S. Department of Agriculture is scheduled to release food stamp numbers by the end of the month and ...

Inaugural housing? Let's make a deal - Gazette
Some companies and area residents are eyeing the presidential inauguration as their economic stimulus package-come-a-calling. Expectations that thousands of visitors in need of bed, board and services will be arriving for the inauguration of Barack ...

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