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News about Mortgages:
On the House: FHA alters borrowers' guidelines - Philadelphia InquirerOn the House: FHA alters borrowers' guidelinesPhiladelphia Inquirer... branch manager at Arlington Capital Mortgage in Horsham, since people with 580 scores were finding it increasingly difficult to get FHA loans anyway. ...and more »
Retail exec: 'There will be more (mall) foreclosures to come' - Chicago Daily HeraldRetail exec: 'There will be more (mall) foreclosures to come'Chicago Daily Herald... 29 investment firms that backed Arlington Town Square. The investors were unable to make payments on their $19.8 million mortgage beginning in September ...
Fed's Sack-Asset sales likely passive, gradual - ReutersNuWire Investor (blog)Fed's Sack-Asset sales likely passive, gradualReutersARLINGTON, Va., March 8 (Reuters) - The US Federal Reserve will likely shrink its vast holdings of mortgage-related and ...NY Fed warns against rapid sale of assetsFinancial TimesFed's Evans Says Low Rates Needed for 'Some Time'BusinessWeekAs Fed Eases Loan Aid, Policy Challenges AriseNew York Timesall 328 news articles »
Still No Recovery in Housing - Huffington Post (blog)Still No Recovery in HousingHuffington Post (blog)Housing economist Bert Ely told the conference of business economists meeting in Arlington, Virginia Monday (March 8) that the housing market still hasn't ...
Arlington Hts. shopping complex at heart of foreclosure case - Chicago Daily HeraldArlington Hts. shopping complex at heart of foreclosure caseChicago Daily Herald... firms that backed Arlington Town Square in downtown Arlington Heights are being sued for missing payments on a $19.8 million mortgage on the property. ...
Glendale Heights man faces charges in mortgage fraud scheme - Suburban Life PublicationsGlendale Heights man faces charges in mortgage fraud schemeSuburban Life PublicationsServices Inc. in Arlington Heights, were cited for operating on previously revoked licenses. Besides Townsend, other loan originators involved include ...
Fannie, Freddie Ask Banks to Eat Soured Mortgages - BusinessWeekFannie, Freddie Ask Banks to Eat Soured MortgagesBusinessWeekThe surge shows lenders are still paying the price for lax standards three years after mortgage markets collapsed under record defaults. ...Fannie and Freddie Start Returning Fraudulent Mortgages to Banks, But Crime ...The People's Voice (blog)Fannie, Freddie may ask banks to eat soured mortgagesHousing Wireall 260 news articles »
Foreclosure rates show slight January increase - Fort Worth Business PressForeclosure rates show slight January increaseFort Worth Business PressThe Fort Worth-Arlington area recorded a 1.4 percent rate of foreclosures among outstanding mortgage loans for the month of January, an increase of .47 ...and more »
Mortgage fraud: Bronzeville building scrutinized - Chicago Breaking Business - Tribune (blog)Mortgage fraud: Bronzeville building scrutinizedChicago Breaking Business - Tribune (blog)Two other mortgage firms, CDK USA Mortgage in Chicago and Country Mortgage Services, Inc., in Arlington Heights, each were cited for operating on a ...
Sack Says Fast Sale of Fed Assets Risks Sudden Rise in Rates - BusinessWeekSack Says Fast Sale of Fed Assets Risks Sudden Rise in RatesBusinessWeekThe central bank projects as much as $200 billion of mortgage- backed securities and agency debt held by the Fed will mature or be prepaid through the end ...CORRECT: NY Fed Official: Asset Sales To Come Late In Tightening CycleWall Street Journalall 20 news articles »
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