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News40 new results for Mortgages
 
15-year mortgages at record low 2.56% avg. - USA Today
USA TODAY
WASHINGTON (AP) — The average rate on a 15-year fixed mortgage fell to a new low last week, and the rate on the 30-year fixed loan declined. Cheaper mortgage rates have encouraged home-buying and refinancing. Mortgage buyer Freddie Mac says the ...
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Interest-only customers warned against claims management companies
The Guardian
The mortgage industry is preparing for even more frenzied acitivity from such companies following the recent release of a report by the Financial Conduct Authority, successor to the Financial Services Authority. In it, the City regulator said almost ...
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The Guardian
How 30-Year Mortgages Saved the Housing Market
Bloomberg
In most of the world, homeownership isn't seen as a natural step in the progress toward responsible adulthood. Outside the U.S., mortgages are for small amounts, for shorter times, and have adjustable interest rates. The popular U.S. 30-year mortgage...
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Bloomberg
Banks not to pass on ECB rate cut to variable mortgages
Irish Times
For every quarter of a point the ECB lowers its rates, the monthly cost of servicing a €100,000 tracker mortgage falls by about €15 so the average tracker mortgage holder with an outstanding loan of €300,000 will see monthly savings of €45 from the ...
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Irish Times
Chances for principal reduction on underwater mortgages improve, a bit
San Francisco Chronicle (blog)
Housing advocates who have been clamoring for principal reductions on underwater home loans got two bits of good news Wednesday. President Obama nominated Rep. Mel Watt, a North Carolina Democrat and advocate of principal reduction, to become ...
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San Francisco Chronicle (blog)
Interest-only mortgage warning too little, too late
Telegraph.co.uk
Those with a £50,000 interest-only mortgage have a lot of cash to find at the end of the term, if they don't have an alternative "repayment strategy" in place. Sadly, winning the lottery, banking on an inheritance, or saving into an endowment plan have ...
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Telegraph.co.uk
History of the interest-only mortgage crisis
Telegraph.co.uk
Billed as an easy way to make the most of the property market boom, interest only mortgages popular during the Nineties and early Noughties, peaking at a third of all mortgage sales in 2007 just before the credit crisis hit. Fast forward to 2013 and ...
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Telegraph.co.uk
Brokers see spike in new mortgages
Herald Sun
The spike follows on from March, which was also a record-breaking month for the broker, when its mortgages reached $3.17 billion. The company says it has 10 per cent of the mortgage market and its figures are an indicator of the Australian Bureau of ...
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Interest-only mortgage warning
ITV News
Interest-only mortgage warning. The City watchdog has warned that a quarter of a million homeowners with interest-only mortgages will be unable to pay off their mortgage at the end of its term. Share. Share on Facebook · Share on Twitter Share on ...
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Interest-only mortgages: Homeowners need 'wake-up call'
Metro
Homeowners on interest-only mortgages are being warned they face losing their property if they have no plan for repaying their loan. The Financial Conduct Authority (FCA) fears consumers are under-estimating the scale of the problem, with around 260 ...
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Money Talks: interest-only mortgages, scams month and a daft deal
The Guardian
Interest-only mortgages are making the headlines after the City regulator found that about 1.3 million homeowners who took out these deals may not have enough cash to repay their debts at the end of the term. The Financial Conduct Authority (FCA) put ...
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The Guardian
The different types of mortgages and equity explained
Radio 1
The UK's leading financial watchdog has warned more than a million people with interest-only mortgages face a "wake-up call" when they have to pay them off. The Financial Conduct Authority study suggests nearly half won't have enough money to cover the ...
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Radio 1
Banks give off positive signals on mortgages
Irish Independent
Recent signals from some banks suggest that the mortgage market may be starting to function somewhat better. AIB has pledged to lend €2bn in 2013, and if Bank of Ireland were to lend €1.5bn, that would deliver a mortgage market of €3.5bn this year, ...
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Guide for homeowners on interest-only mortgages
ITV News
A regulator warned that those on interest-only mortgages are facing a "wake up call". Photo: Chris Ison/PA Wire. The City watchdog has warned homeowners with interest-only mortgages that they face a "wake-up call" because up to half will not have ...
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ITV News
'Talks are vital with distressed mortgages'
Herald.ie
Lauren Bailey, a credit control analyst with the bank, said there were arrears of just €40,000 on a €502,000 mortgage and the bank had been seeking possession of an outstanding sum of €567,224. The bank's application had earlier been adjourned with ...
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US Fed buys $15.1 bln of mortgage bonds, sells none
Reuters
The New York Fed said on its website Thursday that the central bank sold no mortgage securities guaranteed by Fannie Mae, Freddie Mac or the Government National Mortgage Association, known as Ginnie Mae, in the latest week. It sold none the previous ...
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Star comment: Interest-only mortgages a recipe for financial meltdown
shropshirestar.com (blog)
Almost half of all people with interest-only mortgages, in which borrowers pay off the interest each month but are expected to have an investment plan in place to pay off the capital debt at the end of the term, are heading for the financial rocks. For ...
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Interest-only mortgages needn't explode - Director of Finance Online
Director of Finance online
Are interest-only mortgages the ticking timebomb that regulators claim? Not if lenders keep rolling over the loans. There's no need to foreclose and it doesn't matter whether house prices rise or fall. Homeloans that don't gradually repay the principal ...
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Mortgage Advice for First Time Buyers, First Time Buyer Mortgages and First ...
FirstRungNow
Nationwide's chief economist Robert Gardner said: "The number of mortgage approvals has edged up from the levels prevailing last year, and there are reasons for optimism that activity levels will continue to strengthen in the months ahead." The results ...
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FCA warns on interest-only mortgage"ticking timebomb" - MyFinances.co.uk
MyFinances.co.uk
Borrowers on an interest-only mortgage repay only the interest on the amount borrowed, without repaying any of the capital borrowed from the lender in the first place. The full amount of the mortgage is supposed to be repaid at the end of the mortgage...
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FCA: No evidence of widespread misselling of interest-only loans
Money Marketing
The Financial Conduct Authority says there is no evidence of widespread misselling of interest-only mortgages after research shows just 13 per cent of borrowers say they did not know they needed a repayment plan when they took out their loan.
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Money Marketing
Gov't housing schemes are politically motivated: CML
FT Adviser
The chairman of the Council of Mortgage Lenders expressed his frustration on predictions that NewBuy will "quietly fade" from the market, only a year after it was launched, when the new Help to Buy scheme takes effect. Speaking at the CML annual lunch ...
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FT Adviser
Industry thumbs up for extension to FLS
FT Adviser
Andy Knee, chief executive of LMS and Adrian Coles, director general of the Building Societies Association, said the extension, which will last until January 2015 in a bid to improve the mortgage market recovery, was a good move. According the the ...
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FT Adviser
Silvergate Posts Strong First Quarter, Acquires $50 Million of Reverse Mortgages
Reverse Mortgage Daily
Silvergate Bank announced this week the company recorded net income of $1.4 million during the first quarter of 2013. During the quarter, Silvergate funded more than $663 million in single-family residential mortgage loans and reported a 13.6% increase ...
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Four main areas of interest-only thematic review
FT Adviser
As part of its thematic review the FCA has released a 50-page report, Residential Interest-Only Mortgages, which it commissioned from Experian. It looked at four aspects of the thematic review: analysing the size of the problem, customers' ability to ...
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Leeds reduces first time buyer mortgage by up to 0.50%
Financial Reporter
The Society's "A Helping Hand" initiative makes even more much needed 95% mortgages available to those who can afford the mortgage repayments but are currently unable to provide a large deposit. Normal lending criteria applies, so only those FTBs who ...
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Third of homeowners back shared equity
FT Adviser
Mr Oldfield said: "There is clearly strong demand for more innovation in the mortgage market. Given the government's recent endorsement of shared equity through the launch of Help to Buy, the partnership mortgage model is very much in the spotlight." ...
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FT Adviser
Mortgage rates at lowest levels of 2013 - E-Wisdom.com
e-wisdom.com
Average interest rates for fixed-rate mortgages fell to the lowest levels of 2013, the Mortgage Bankers Association (MBA) said in its weekly mortgage report. According to the MBA's Weekly Mortgage Applications Survey for the week ending April 26, 2013 ...
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e-wisdom.com
Interest-only borrowers issued with wake-up call
moneyfacts.co.uk
Many people choose to take out a mortgage on an interest-only basis, as they allow borrowers to pay off a smaller amount each month. However, unlike repayment mortgages which pay off the interest and the capital on the amount borrowed, it is only the ...
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AMI: No evidence of systemic IOM mis-selling
Mortgage Introducer
Robert Sinclair, chief executive of the Association of Mortgage Intermediaries, said: "In this substantial study of the issues surrounding the maturity of interest-only mortgages the FCA has not found evidence of systemic mis-selling in the residential ...
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Mortgage Introducer
FOX Local News: Reverse Mortgages Can be a Godsend
Reverse Mortgage Daily
The recession has been especially hard on the nation's senior population, leading more American's age 62 and older turning to reverse mortgages to supplement their cash, according to a recent segment from FOX-5 Atlanta. "It's not right for everybody ...
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Interest-only mortgage? Don't bury your head
Citywire.co.uk
Interest-only mortgages were hugely popular in the housing bubble as they offered home buyers a cheaper way to borrow money for a house. They allow homeowners to repay just the interest on the loan each month and pay back the capital, or the original ...
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New record low for 15-year mortgages
Washington Business Journal (blog)
Long-term mortgage rates continued to move lower this week, with a 15-year fixed-rate mortgage falling to a record low for the second consecutive week. Freddie Mac's weekly rate report says a 30-year fixed-rate mortgage averaged 3.35 percent in the ...
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Home ownership scheme a work in progress: MPs
FT Adviser
He claimed that as a consequence of its involvement in the mortgage market, a reduced level of forbearance by lenders could increase repossessions and expose the Treasury and the taxpayer to large losses on guaranteed mortgages. The paper added that ...
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FT Adviser
Obama nominates NC Congressman to head federal agency overseeing Fannie ...
Legal News Line
"In that capacity, Mel has led efforts to rein in unscrupulous mortgage lenders," the President said Wednesday afternoon. "He's helped protect consumers from the kind of reckless risk-taking that led to the financial crisis in the first place. And he's ...
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Limited success for gov't bid to boost lending: Hometrack
FT Adviser
Nick Blatcher, director of Buckinghamshire-based IFA Citrus Mortgages, said: "We have had a couple of inquires recently about First Buy, but nothing yet about Help to Buy. However I am really positive about the mortgage guarantee scheme and I think ...
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FT Adviser
Former broker committed to Crown Court
Mortgage Introducer
Former broker committed to Crown Court. A former mortgage broker has been committed to Crown Court for conducting unauthorised business, writes Ryan Fowler. Broker to face court. 0 Comments; Recommend (0). 2 May, 2013. Michael Joseph James ...
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Mortgage Introducer
Keystone revamps mortgage range
Mortgage Introducer
The new range will be available for up to 70% loan to value and existing 5-year fixed rates at 75% LTV have been reduced by 0.40%. Similarly 3-year fixed rates at 75% LTV have been reduced by 0.15%. David Whittaker, Keystone managing director, said: ...
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Mortgage Introducer
Annaly Capital Management portfolio yield continues to fall
Market Realist (blog)
Annaly Capital Management owns, manages, and finances a portfolio of real-estate related investments, which are generally backed by mortgages. While they have been primarily focused on agency (government-guaranteed) mortgages, they aren't required ...
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The 5 at 5: Thursday
thejournal.ie
#MORTGAGES: Thousands of tracker mortgage holders will have been boosted today by news that the European Central Bank has cut its main interest rate by 25 basis points to 0.5 per cent. The decision will provide a boost for tracker mortgage holders but ...
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Blogs2 new results for Mortgages
 
15-year mortgage rate hits record low | FOX6Now.com
By Cary Docter
NEW YORK (CNNMoney) -- Mortgage rates dropped again this week, with the 15-year fixed-rate loan hitting a record low, according to a report from mortgage financier Freddie Mac. The 15-year fixed rate fell to 2.56% from 2.61%. A year ago ...
FOX6Now.com
US rate on 15-year mortgage at record 2.56 pct. - Business Wire ...
The average U.S. rate on the 15-year fixed mortgage fell to a new record low last week, and the rate on the 30-year fixed loan declined. Cheaper mortgages have encouraged more home-buying and refinancing.
The Olympian Online -- NEWS UPDATES

Web3 new results for Mortgages
 
New Federal Rules Protecting Homeowners With Mortgages | Nolo ...
New federal rules will better protect homeowners when getting new mortgages, dealing with existing mortgages, or facing foreclosure.
www.nolo.com/.../new-federal-rules-protecting-homeowners-...
15-year mortgages at record low 2.56% avg. - Democrat and Chronicle
A pedestrian is reflected in a window as he walks by a display of mortgage rates June 7, 2012. Rates have come down since then. / Justin Sullivan, Getty Images ...
www.democratandchronicle.com/usatoday/article/2128877
Reverse Mortgages: Avoid a Reversal of Fortune - Yahoo! Finance
From Yahoo! Finance: Older homeowners who want to tap the equity in their homes typically have three options. They can sell their house and downsize, take ...
finance.yahoo.com/.../reverse-mortgages-avoid-reversal-fortu...


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