All Entries Tagged With: "Mortgages"
British Bankers Association: Mortgage lending down 60 percent
According to the British Bankers Association (BBA) Mortgage lending in the UK by the major banks has fallen sharply, with mortgage approvals falling 60 percent lower than the same time a year ago for house purchases.
In November mortgage approvals for house purchases
Are Adjustable Rate Mortgages (ARMs) any good?
As the government hypes the fact that the Fannie Mae and Freddie Mac bailout has pushed the regular mortgage below 6 percent, why are they still advertising adjustable mortgage rate mortgages, Seeking Alpha don’t believe that ARM’s give any benefit
Deposit needed for a UK mortgage has risen to £40,000
If you are looking to purchase a property in the UK you will need on average £40,000 deposit to be eligible for a best-buy mortgage deal. An average house in England and
Home Trust to compete directly with banks on traditional mortgages
Home Trust the Toronto-based alternative lender has decided to launch a range of traditional mortgage products that will be competition for
£585m loss for Northern Rock
A report by Northern Rock, once the 5th biggest mortgage lender, shows losses of £585.4m for the first
Fannie, Freddie Rescue will cost taxpayers $25 billion
The Fannie Mae and Freddie Mac rescue plan from the U.S. government looks set to cost the taxpayers around $25 billion over two years.
CBO, a nonpartisan agency in Washington has said that there is
53% rise for U.S. Foreclosures: Property & Mortgages to blame
June is not a great month for U.S. foreclosures, as they rose by 53 percent from the same time a year ago. Things are certainly in a bad way as bank repossessions have almost tripled while property values mixed with higher payments on adjustable mortgages forced many people to give up their homes.
South African house-price growth slow due to rising interest rates
House-price growth in South Africa has now slowed to a 9-year low, the annual rate is just 3.8 percent, this has been blamed on rising interest rates, and growth is now the slowest it has been since September 1999.
Low interest rates are a thing of the past
With the current credit crunch going on most of us will be hoping that interest rates will fall, but the truth of the matter is, they will likely rise instead. Many experts believe that the next move will be up instead of down, so it seems that homeowners are in for a
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
105 percent Mortgages still available
As many of us already know the bubble in the housing market is bursting, but you will be shocked to know that you are still able to buy homes with no money down. Well it is even possible to get yourself a 105 percent mortgage, but the downside is that
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
Rising inter-bank borrowing costs force Nationwide to raise mortgage rates
The state of our economy is looking very bleak at the moment, and we are now seeing the affects of this in the mortgage market. As you know a number of lending mortgage lenders such as Abbey have has to raise their mortgage rates p, and now Nationwide is the
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