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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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Snohomish mortgage loan news:
Financial News
Foreclosures rise quickly in Snohomish County - Everett Herald
Published: Friday, September 12, 2008 Foreclosures rise quickly in Snohomish County The national mortgage crisis catches up with homeowners across the state. By Eric Fetters, Herald Writer Snohomish County no longer seems immune from the wave of ...

Business FYI - Everett Herald
Scott Washburn has been named new president and CEO of YMCA of Snohomish County, effective June 1. Washburn previously served as vice president and COO of the YMCA of Greater Seattle, and is a 28-year veteran of the organization. He replaces Jerry ...

U.S. foreclosure filings slow; Washington rates outpace nation's - Seattle Times
Foreclosure filings nationwide rose at a significantly slower year-over-year pace in August than in previous months, according to data released Thursday. In Washington state, filings rose sharply higher than the U.S. pace, although the rate of ...

Gary E. Goodman Named to Horizon Financial's Audit Committee - TradingMarkets.com
"Gary Goodman has served our Company as a director for more than a decade, and his solid business experience will be invaluable to the other independent directors serving on the Audit Committee," said V. Lawrence Evans, Chairman. In other recent news ...

Bankruptcy saves woman's home from foreclosure action - NWCN
SEATTLE - At the heart of the economic problems are billions of dollars worth of bad real estate loans. And at the heart of those loans are people losing their homes. The numbers are growing in Seattle, including one woman who is trying to hang on to ...

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