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Higher interest rates likely as inflation rises - Toronto Star
Boston GlobeHigher interest rates likely as inflation risesToronto Star“This marks a number of months in a row where core interest rates were running faster than the bank expected,” said Douglas Porter, deputy chief economist ...High core inflation likely: economistsToronto Sunall 978 news articles »

Two more House seats open up - Salt Lake Tribune
Two more House seats open upSalt Lake TribuneDouglas Aagard and Fred Hunsaker confirming Thursday that they will not seek re-election this fall. Aagard, a Kaysville mortgage banker who has served in ...and more »

Measuring the New Infrastructure, Culture and Operations of Securitization - Housing Wire
Measuring the New Infrastructure, Culture and Operations of SecuritizationHousing WireDouglas Long is the executive vice president of business strategy at structured finance software firm Principia Partners. ...

One family's nightmare struggle - MarketWatch
One family's nightmare struggleMarketWatch... 30-year fixed-rate mortgage. Terry and Marianne both worked, and her husband Marvin, now retired from McDonnell Douglas, was an aircraft spray-painter. ...and more »

Lehman seeks to create a money manager for its own assets - Pensions & Investments
Lehman seeks to create a money manager for its own assetsPensions & InvestmentsLehman Brothers Holdings Inc. hopes to establish an asset management business to manage and administer the commercial real estate, ...and more »

Colorado foreclosures up in February - Denver Business Journal
Colorado foreclosures up in FebruaryDenver Business JournalFannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corp.), two government-chartered groups that buy mortgages, ...and more »

The Going Gets Tougher - New York Times
New York TimesThe Going Gets TougherNew York TimesYes, it's a problem,” said Dottie Herman, the president of Prudential Douglas Elliman. “When these things fall through, it's not because people are ...and more »

Colliers International Named #2 in Lipsey's Global Survey - BigNews.biz (press release)
Colliers International Named #2 in Lipsey's Global SurveyBigNews.biz (press release)The results reflect ballots, informal focus groups, and opinions from more than 50000 practitioners and industry leaders from REITs, institutions, mortgage ...and more »

Census forms in mailboxes this week - Times-Georgian
Census forms in mailboxes this weekTimes-GeorgianThe 2010 US Census forms will be arriving in Douglas County mailboxes this week and assistance is available locally for anyone who ...and more »

Toll Brothers purchases home sites - Home Channel News
Toll Brothers purchases home sitesHome Channel Newsbased Toll Brothers has been purchasing or putting under control about 3000 home sites through mortgage note purchases and direct acquisitions of real ...

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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.

    View all Terms
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