All Entries Tagged With: "home loans"
Mortgage lending falls in May after April recovery
It seems that the slight recovery in mortgage lending in April was a bit of a false start, as we have news that mortgage lending has fallen in May. This news was provided by Council of Mortgage Lenders (CML). Although lending is only down slightly in
Nationwide Building Society increases mortgage rates again
The Nationwide Building Society has now increased a number of their mortgage rates for a second time in just two weeks. The mortgage lender has raised some of their tracker and fixed rate mortgages by 0.2% and 0.5%. This will come as a shock to
Thornburg Mortgage reports $3.31 billion first-quarter loss
Thornburg Mortgage Inc who specialise in jumbo home loans, has reported a $3.31 billion first-quarter loss, which is why they almost went bankrupt in March. The mortgage company has also reported that it has a net loss before preferred stock dividends totalled
Industry changes making it harder for mortgage brokers to earn
Michael Dougherty, who is a managing partner at Choice Mortgage L.L.C, is just one of thousands of mortgage brokers who are still finding it hard to make a living with tougher lending changes. These tough changes were brought in to affect after the subprime-lending collapse, these changes had to be made for the industry to [...]
Take a payment holiday with your flexible mortgage
When things start getting to you the best thing you can do is take a holiday, well that is the same with your mortgage payments. Things are now getting tighter for us all, so it will be great if you could take a holiday from your mortgage
Rating agencies to charge for credit assessments for criteria for mortgage
A number of rating agencies now have to change their way in how they charge for credit assessments, this is for the mortgage-backed securities market. These credit assessments are used to prevent rating shopping, where only the highest
250,000 mortgage holders fall into negative equity
It looks as though things are starting to look even bleaker for mortgage holders, as news has come to light that over 250,000 mortgage holders fall into negative equity. There are also reports that more than a million home owners with a
Bank of America Corp. choose employee to run mortgage business
Bank of America Corp. was using David Sambol along with Barbara Desoer to run their consumer mortgage operations, well now Sambol is set to retire and the bank has said that they will stick with one of their own executives to run this department. BAC has
4.6 percent drop in mortgage applications due to rate rise
According to the trade group Mortgage Bankers Association’s, mortgage applications have fallen by 4.6 percent for the week ending May 23, this is all due to the recent rate rise. Volume has also declined in the refinance market as well by