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News about Mortgages:

Lutz leaves legacy in hands of struggling GM - msnbc.com
Lutz leaves legacy in hands of struggling GMmsnbc.comGM Vice Chairman Bob Lutz speaks at the Chevrolet exhibition stand at the Geneva Car Show this week. See today's average mortgage rates across the country. ...and more »

Wintrust Financial Corporation Announces Full Exercise of Over-Allotment Option - CNNMoney.com (press release)
Wintrust Financial Corporation Announces Full Exercise of Over-Allotment OptionCNNMoney.com (press release)Wintrust Mortgage Corporation (formerly known as WestAmerica Mortgage Company) engages primarily in the origination and purchase of residential mortgages ...and more »

Business events scheduled for Thursday - The Associated Press
Business events scheduled for ThursdayThe Associated PressGENEVA — The main industry group for the world's airlines gives its forecast of the coming months. ATHENS, Greece — Greek unions hold 24-hour nationwide ...and more »

Sound Off: Predators, pensions and an honest retailer - Kane County Chronicle (blog)
Sound Off: Predators, pensions and an honest retailerKane County Chronicle (blog)Thank you, Geneva, for putting up those red light cameras on Randall Road. You will probably save many lives. For those that are complaining and whining ...

Business events scheduled for the coming week - The Associated Press
Times OnlineBusiness events scheduled for the coming weekThe Associated PressGENEVA — The main industry group for the world's airlines gives its forecast of the coming months. FRIDAY, March 12 WASHINGTON — Commerce Department ...Business events scheduled for the coming weekSan Luis Obispo Tribuneall 2,476 news articles »

A look at global economic developments - The Associated Press
A look at global economic developmentsThe Associated Press___ GENEVA — Swiss Reinsurance Co. said the strong earthquake in Chile last month will cost the insurance industry $4 billion to $7 billion, ...and more »

AP Weekly News Calendar - The Associated Press
AP Weekly News CalendarThe Associated PressGeneva — Carmakers from around the world showcase their latest models and new technologies at the Geneva auto show. Through March 3. ...and more »

New shared equity scheme launches in Radcliffe - Easier (press release)
New shared equity scheme launches in RadcliffeEasier (press release)... new Geneva apartment usually starting at just £102995, this means that the same housetype is available under the Easystart scheme for a mortgage of just ...Apartments for just 85% of the purchase price at Invito!propertytalk Live!Three reasons to buy a new home in PrestonEasier (press release)all 4 news articles »

Singapore's GIC says its UBS bonds are now shares - AsiaOne
Singapore's GIC says its UBS bonds are now sharesAsiaOneGENEVA, SWITZERLAND - Singapore sovereign wealth fund GIC has converted its investment in Swiss bank UBS into shares, spokeswomen from the two institutions ...and more »

Economic Events taking place on Thursday, March 11th, 2010. - TransWorldNews (press release)
Economic Events taking place on Thursday, March 11th, 2010.TransWorldNews (press release)GENEVA - The main industry group for the world's airlines gives its forecast of the coming. SMITHFIELD, Va. - Smithfield Foods Inc. releases financial ...

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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