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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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Spokane mortgage rates news:
Financial News
Fred Russell case may spur tougher drunk-driving penalties - Spokane Spokesman-Review
Fred Russell may be sitting in a cell, but his name’s popping up frequently in Olympia, where state lawmakers are weighing changes to catch drunken drivers and toughening the sentences for those who kill. “We will tell people once and for all ...

1 in 10 Spokane-area homes sold for loss - Spokane Spokesman-Review
A tenth of the people who sold homes in Spokane County in the past year sold them for less than they paid originally, according to a new national report. And home values in the county dropped by 9 percent in the past 12 months, with an estimated 85 ...

Mortgage system crumbled while regulators jousted - Seattle Post Intelligencer
When state investigators spotted questionable loan practices, the feds rejected their help and informed the state that it had no business looking into the affairs of federally chartered institutions. Scott Jarvis, director of the Washington state ...

Clemency sought for convicted killer - Seattle Times
The state's Roman Catholic bishops are asking Gov. Christine Gregoire to commute the death sentence of Darold Ray Stenson. The three bishops, representing Catholic dioceses in Seattle, Spokane and Yakima, are asking that Stenson instead receive life ...

In sagging economy, bankruptcies boom - Spokane Spokesman-Review
The different kinds of bankruptcy, according to the American Bankruptcy Institute: Chapter 7: Debts are liquidated; used by individuals or businesses Chapter 13: A payment plan for individuals Chapter 12: A payment plan for family farmers or ...

Nouriel Roubini: I fear the worst is yet to come - Times Online
As stock markets headed off a cliff again last week, closely followed by currencies, and as meltdown threatened entire countries such as Hungary and Iceland, one voice was in demand above all others to steer us through the gloom: that of Dr Doom. For ...

Nonperforming assets rise sharply at institutions here as quarterly ... - Spokane Journal of Business
Third-quarter earnings reports from Inland Northwest banks are providing insights into the region’s economy. One of the most-watched numbers in bank earnings reports for the third quarter, which ended Sept. 30, will be nonperforming assets—and ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. In the past 12 months, more than a half-trillion dollars have “evaporated” from 401(k) plans as a result of turmoil in the financial ...

The Left Was Right - Common Dreams
They take no satisfaction in knowing that they were right in opposing this ill-fated Iraq war from the outset. All they want is for people to listen to them now. And what they have to say is this: If we are ever going to get all of our troops out, it ...

Dakota Voice - Dakota Voice
► January 16 - January 23 (1) My family and I went to Mt. Rushmore for breakfast this morning. We used to do that more frequently back in the old days before I seemed so busy, but we still get up there a few times a year. For those of you who aren ...

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