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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.

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Franklin mortgage rates news:

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ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

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Click here for an archive of Jim Cramer's Mad Money recaps. "We need to stop the fear-inducing rhetoric," Jim Cramer told viewers of his "Mad Money" TV show Tuesday. He said that while there are indeed things to fear in the market, Franklin Delano ...

New at Reason: Mike Flynn on the Government's Role in the Financial ... - Reason.com
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No’ to Obama’s experimental government - Asheville Citizen-Times
On Sunday night, President-elect Barack Obama told “60 Minutes” that Franklin D. Roosevelt would be a model of sorts for him. “What you see in FDR that I hope my team can emulate is not always getting it right, but projecting a sense of ...

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It was not an absence of federal intervention that produced the Great Financial Panic of 2008. Contrary to the assertions of those clamoring for new regulations (see "Is Deregulation to Blame?," page 36), the liquidity shortage and credit freeze that ...

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As our government moves to spend trillions, taking the unprecedented step of nationalizing the country’s consumer debt, it shouldn’t be lost on us that this crisis didn’t need to happen. What could have been a mild recession isolated largely in ...

History says La. insulated from ills - Alexandria Daily Town Talk
The real estate market is a buyer's market for the first time in six years, helping to keep agents in Central Louisiana busy during otherwise slow economic times. Rod Noles, president of Noles-Frye Reality in Alexandria, said the numbers for the past ...

The Teflon President-Elect - Town Hall
"Eight years, if he's in that long," I told him. "Doesn't matter what happens. Either they'll blame Bush or 'circumstances beyond Obama's control' while writing articles about how heroically Obama handles them." It's already started. Take President ...