All Entries Tagged With: "Mortgage Lenders"
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
343,000 homes lost to foreclosure in first half of 2008
There seems no sign that foreclosure rates are slowing down, this comes after reports that 343,000 homes were lost to foreclosure in the first half of 2008. In June alone, 71,563 homes were repossessed by lenders, compared to 26,369 at the same time the year before.
The first half of 2008 a total of 343,159 Americans [...]
Freddie Mac & Fannie Mae committed to raising more capital
Henry Paulson, the U.S. Treasury Secretary has been saying how pleased he is that Freddie Mac and Fannie Mae are committed to raising more capital this spring, he also commented about the reform of the government-sponsored enterprises, saying that is the best way to combat foreclosures.
Implode O Meter tracking mortgage lenders in trouble: is it right
As we know the housing market is in a bit of a bad way at the moment and this is showing on mortgage lenders, now a new website called Mortgage Lender Implode-O-Meter are now tracking those lenders who are in trouble.
Today the amount of lenders facing troubles are now at