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News about Mortgages:
New Mexico credit unions grow mortgage biz - New Mexico Business WeeklyNew Mexico credit unions grow mortgage bizNew Mexico Business WeeklySandia did most of its volume in first mortgages, with about $26 million in second mortgages (home equity loans and lines of credit). New Mexico Educators ...and more »
Preliminary flood plain maps ready for review [Ruidoso News, N.M.] - Insurance News Net (press release)Preliminary flood plain maps ready for review [Ruidoso News, N.M.]Insurance News Net (press release)"Flooding costs New Mexico millions of dollars every year," Wheeler said. "Find out if you live in an area prone to flooding by checking out the Federal ...and more »
US Markets Week Ahead - Wall Street Journal (blog)US Markets Week AheadWall Street Journal (blog)Economists expect a slight decline in February sales of existing homes from a month earlier, while new-home sales are seen rising 1.9%. ...and more »
Cartel Wars Gut Juárez, a Onetime Boom Town - Wall Street JournalCartel Wars Gut Juárez, a Onetime Boom TownWall Street JournalCiudad Juárez's new reality is told on its empty streets. Along residential block in a subdivision called Villas de Salvarcar, hardly a home appears left ...and more »
Are Tough Appraisal Rules Holding Back Housing? - Wall Street Journal (blog)Are Tough Appraisal Rules Holding Back Housing?Wall Street Journal (blog)One such class of self-sustaining home, dubbed “earthships,” have proliferated in recent years in New Mexico and other parts of the Mountain West. ...
AHP Grant Helps Bryan Resident Escape Substandard Living - BenzingaAHP Grant Helps Bryan Resident Escape Substandard LivingBenzingaHernandez credits a former co-worker for leading her to Habitat and, ultimately, to her new home. The Federal Home Loan Bank of Dallas (FHLB Dallas) and The ...and more »
US jobs market to support housing post incentives - Moneycontrol.comUS jobs market to support housing post incentivesMoneycontrol.comWhile mortgage rates are expected to rise by as much as a half-percentage point when the Fed's purchasing program ends, economists expect home loans will ...and more »
Socialist and Fascist Governments Run America and Europe - Before It's NewsSocialist and Fascist Governments Run America and EuropeBefore It's NewsDropping home values and layoffs at the top of the ladder have decimated the prime mortgage market and with it spendable income. A 19% drop in spending is a ...and more »
Leaving church in Fayette, congregation redefines itself - Atlanta Journal ConstitutionLeaving church in Fayette, congregation redefines itselfAtlanta Journal ConstitutionMercer and his flock voted to divest themselves of a mortgage and maintenance costs last year so they could spend their money on others. Their new vision of ...and more »
AP Weekly News Calendar - eTaiwan NewsAP Weekly News CalendareTaiwan NewsWASHINGTON _ Commerce Department releases durable goods for February; Commerce Department releases new home sales for February. ...and more »

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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.
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