All Entries Tagged With: "home loans"
Senior Lending Network Loan Saves 72-Year-Old Woman from Foreclosure
Senior Lending Network a program of World Alliance Financial Corp. and a leader in reverse mortgages, announced today that a Senior Lending Network loan has officially saved a 72-year-old woman from foreclosure.
Detroit resident, Rubie Curl-Pinkins, came to the Senior Lending Network for a reverse mortgage to save her from eviction after the bank [...]
Mortgage rates increasing due to Fannie and Freddie
Mortgage rates are now rising due to the troubles of the two big U.S. mortgage lenders, Fannie Mae and Freddie Mac. This will cause yet another blow to the already fragile housing market.
Just as the government stepped in to save the two mortgage lenders, home loan rates were
Approved mortgages fall to new low in June
The number of mortgages that were approved in the month of June has now fallen to a record low. It seems that the lower house prices have done nothing to increase mortgage approvals.
According to The British Bankers’ Association (BBA) their members report that just
Freddie Mac to cut purchases of home loans
Freddie Mac may have to cut purchases of home loans from banks and bonds which are backed by housing debt, the second-largest U.S. mortgage-finance company hopes that they will be able to shore up its capital amid record delinquencies.
How can the government save the UK mortgage market?
The CML have now urged the government to step in and act quickly to try and resolve the current funding problems in the UK mortgage market. The Council of Mortgage Lenders are said to be unhappy with the Crosby Review, this was set up by the Chancellor to find out how they can restart the [...]
Fannie Mae, Freddie Mac crisis: higher loan rates to come
The crisis that surrounds troubled mortgage giants Fannie Mae and Freddie Mac is about to have a huge effect on getting a home loan. In a time when it is already hard to get a mortgage for a new home, things look set to get tougher as we could be in for higher loan rates.
Fixed rate mortgage more expensive: Lenders criticized
Fixed rate mortgages are now costing more and they still continue to rise, many thought that things would have stabilized as the cost of borrowing between banks seems to have hit its peak, however Moneyfacts.co.uk is now criticizing lenders for failing to reduce rates on these fixed are mortgages.
Federal Reserve to restrict exotic mortgages and high-cost loans
Federal Reserve chairman, Ben S. Bernanke, has said that with the turbulence in both the housing and financial markets, he has no option but to issue new lending rules next week, this will restrict exotic mortgages and high-cost loans for those who have weak credit.
Remortgaging slowing down: loans for house purchase up
Remortgaging seemed to be holding up well as the market faced falling house prices, now it seems that Remortgaging activity is now slowing down, this is according to a report from the Council of Mortgage Lenders.
IndyMac cutting 3,800 jobs & stopping most mortgage loans
One of the Largest mortgage lenders in the U.S., IndyMac Bancorp Inc are to cut 3,800 jobs as well as stopping most home loans. Currently IndyMac employ 7,200, so they will be losing 53 percent of their workforce.
100% mortgage all but dead will 95% mortgages be next
The housing market seems to be stuck between a rock and a hard place at the moment, house prices have fallen by 6.9% in the past year and many would have thought that would be great news for first-time buyers, as things should be easier for them to get on to the housing ladder.
However; this [...]
30-year fixed-rate mortgages fall to 6.35 percent
30-year fixed-rate mortgages had been rising for five months in a row, but now there is a decline, the Federal Reserve has said that this is a good signal and it has eased worries of an imminent rate increase.
Freddie Mac had reported that 30-year fixed-rate mortgages were
Mortgage fee increases will result in full blown house price crash
Over the past few months we have seen mortgage lenders increase their fees, and is looks as if there is no sign of this stopping. These increases in fees will then have a knock on affect, as a result could push the housing market in further into a full-blown crash, this is something that
Britain's housing market crisis: Mortgage approvals slump 20%
It seems that there are no signs of a reprieve in the current housing slump; Britain’s housing market crisis has now taken a turn for the worse as mortgage approvals are now down 20%, hitting an all time low. The British Bankers’ Association has said that
Mortgage industry sweep: 400 real estate industry players arrested
The U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) have been working together and have now finished their third major sweep of the mortgage industry in four years. On Thursday we were told that there had been arrests of