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| US Mortgage Applications Down 10% Last Week - MBA Wall Street Journal The market composite index was down 9.8% on a seasonally adjusted basis for the week ended May 17 from the previous week, according to the weekly survey covering more than three-quarters of all U.S. residential-mortgage applications. The refinance ... See all stories on this topic » | ||
| Canadians are paying off mortgages quickly — so is Ottawa's crackdown really ... Financial Post (blog) Canadians end up paying off their mortgages in about two-thirds of the time originally intended, according to a new survey which questions whether Ottawa's crackdown on the real estate market is needed. See all stories on this topic » | ||
| Home Capital CEO Sees Mortgages Book Doubling: Corporate Canada Businessweek Home Capital Group Inc. (HCG), the Canadian mortgage lender targeted by short sellers, plans to double its loan portfolio by adding customers turned away by the country's biggest banks. Canada's largest non-bank mortgage lender aims to boost assets ... See all stories on this topic » | ||
| Mortgage applications tumble as interest rates jump: MBA Reuters NEW YORK (Reuters) - Applications for home mortgages dropped for a second week in a row last week as a spike in interest rates stymied demand for refinancing, data from an industry group showed on Wednesday. The Mortgage Bankers Association said ... See all stories on this topic » | ||
| Real Estate Mortgages - What Happened To Risk? Seeking Alpha Once upon a time, during the reign of King Greenspan, sub-prime was the rule of the land. Someone asked his majesty what happened to the risks of these mortgages, to which the maestro replied, "the banks are very sophisticated and they know how to ... See all stories on this topic » | ||
| Mortgage blog: First time buyer numbers rise by 20 per cent in March whathouse.co.uk New figures have revealed that the number of first time buyers securing mortgages rose by a fifth in March, hinting that the property market may be recovering. According to the Daily Telegraph, the Council of Mortgage Lenders figures 'add to the ... See all stories on this topic » | ||
| BoI reverses mortgage rate hike for 1200 borrowers Money Marketing The Bank of Ireland has reversed its tracker mortgage rate hike for 1,200 of 13,500 affected customers. On 1 May, the bank increased the rate on its tracker rate mortgages. For buy-to-let borrowers, the rate jumped from Bank of England base rate plus 1 ... See all stories on this topic » | ||
| Take-back mortgages help young buyers when banks say no Toronto Star The advantage to buyers of so-called vendor take back mortgages is that you can end up with a bigger mortgage than a bank is willing to provide. Sellers also find it useful because it provides extra revenue through the interest they can charge which is ... See all stories on this topic » | ||
| Finland Must Cap Mortgages to Boost Stability, Central Bank Says Bloomberg Finland's financial watchdog recommended in March 2010 that banks cap mortgages at 90 percent of the property value. More than half of first-time home buyers exceed the threshold, which isn't legally binding, according to the FSA sample studies in 2010 ... See all stories on this topic » | ||
| Defaulted Manhattan Complex Rewarding Patient Money: Mortgages Businessweek Three years after the second-biggest commercial mortgage-backed securities default in history, the company controlling the property may be able to sell at the full value of the debt as investor interest in Manhattan apartments surges. Rents are ... See all stories on this topic » | ||
| Underwater mortgages are down in region Sacramento Bee The number of Sacramento-area homeowners who owe more than their homes are worth continued tumbling in the first three months of this year, real estate tracking firm Zillow reported Wednesday. In the first quarter of 2013, there were 140,857 homes in ... See all stories on this topic » | ||
| IMF warns on dangers of Help to Buy mortgage scheme Telegraph.co.uk Bank governor Sir Mervyn King said: "We do not want what the US has, which is a government-guaranteed mortgage market, and they are desperately trying to find a way out of that position." "We mustn't let this scheme turn into a permanent scheme." ... See all stories on this topic » | ||
| House Rejects CFPB Testimony on Qualified Mortgage Rule Mortgage News Daily Peter Carroll, CFPB's Assistant Director for Mortgage Markets, and Kelly Thompson Cochran, its Assistant Director for Regulations presented information to the Financial Institutions and Consumer Credit Subcommittee about the process the Bureau followed ... See all stories on this topic » | ||
| Advisers take lion's share of mortgage market FT Adviser Paul Smee, director general of CML, said: "More borrowers are taking out higher loan-to-value mortgages than any other time in the last four years – a sign that lenders are open for business, and that borrowers, even those without a large deposit, are ... See all stories on this topic » | ||
| Govt to write off mortgages for 50 home owners Jamaica Observer KINGSTON, Jamaica (CMC) – The Jamaica government says it will write off the outstanding mortgage balances for 50 homeowners as part of the country's 50th anniversary of political independence. The programme being carried out by the Ministry of ... See all stories on this topic » | ||
| Women edge out men in handling credit: Experian Reuters No place else in the country is close to the District of Columbia when it comes to women-held mortgages. In Washington, D.C., 47 percent of all mortgages are held individually, with 27 percent held by women - one-third more than the number of male-only ... See all stories on this topic » | ||
| Mortgages lift Nationwide profits Express.co.uk NATIONWIDE has grabbed a record share of the mortgage market as a sharp rise in loans to first-time buyers helped to send its profits soaring. Published: Thu, May 23, 2013. Tweet · 0 Comments. Chief-executive-Graham-Beale-has-seen-increased-lending- ... See all stories on this topic » | ||
| Nationwide's mortgage lending at record high Mortgage Introducer This means that one in every three of Nationwide's new prime mortgages during the year was to a first time buyer and that the Society accounted for almost one in five of all first time buyer mortgages in the UK. Nationwide continued to provide mortgage... See all stories on this topic » | ||
| Homeowners: Don't be caught flat-footed when interest rates rise Globe and Mail Renewing a mortgage? Just contact your lender to find out how much less you'll be paying. A report issued Wednesday by a group representing mortgage brokers found that people renewing in 2012 and early 2013 nailed a rate that was, on average, 0.91 of ... See all stories on this topic » | ||
| Barclays slashes rate on Help to Buy fixed-rate mortgage Telegraph.co.uk However, Barclays, which was one of the first three brands to take part in the Help to Buy scheme alongside Halifax and Lloyds TSB following its launch on April 1, has also pulled its 4.99pc five-year fixed-rate mortgage for Help to Buy altogether. The ... See all stories on this topic » | ||
| Jumbo Mortgages Make A Comeback: Goldman Sachs ValueWalk The jumbo mortgage market shrank during the housing downturn. Jumbo mortgages, defined as loans with an original balance exceeding $417,000, contracted disproportionally after the onset of the housing crisis with house prices plunging and the private ... See all stories on this topic » | ||
| EBSB Helping Homeowners with Troubled Mortgages East Boston Times-Free Press The East Boston Savings Bank has made a $25 million loan to Boston Community Capital (BCC) that could potentially help 1 in 5 homeowners with troubled mortgages nationwide. The deal was finalized last week and arranged by Zions Bank's non-profit ... See all stories on this topic » | ||
| Las Vegas Attorney Charged for Using Straw Buyers and False Information to ... LoanSafe (Source: FBI) - LAS VEGAS—Las Vegas attorney Stanley A. Walton, 54, has pleaded guilty to a charge brought against him in February 2011 that he participated in a scheme to obtain mortgage loans from financial institutions using straw buyers and false ... See all stories on this topic » | ||
| House prices still falling – but rise expected in 2015 Irish Independent The main reasons the experts surveyed give for predicting further price falls is the difficulty in getting mortgages, the potential impact of an increase in repossessions, the scrapping of the mortgage interest relief tax break and the introduction of ... See all stories on this topic » | ||
| Rating agencies under fire again Financial Times One of the best hedge fund trades of the past three years has been sorting through the rubble of bonds backed by subprime mortgages issued in the boom years of 2005 to 2007, before the US housing crash caused valuations to plummet. Bank of America ... See all stories on this topic » | ||
| Highest auction price of year as home in need of repair fetches €2.9m Irish Independent Now AIB ready to let movers keep their trackers. A THIRD financial institution is considering offering new mortgage deals to existing homeowners who wish to move home while keeping their tracker mortgages. See all stories on this topic » | ||
| Policy 'schizophrenia' will lead to less lending: Ami FT Adviser In its 16-page quarterly economic bulletin, the Association of Mortgage Intermediares reported that the UK economy was forecast to grow by 0.7 per cent this year and that gross mortgage lending was up by 2 per cent. However wages declined by 2 per cent ... See all stories on this topic » | ||
| Owners of energy-efficient homes are less likely to default on mortgages Explorer News The results: the odds of a mortgage default on an Energy Star residence proved to be one-third lower than those of a home in the control group. Furthermore, mortgage holders on Energy Star houses were 25 percent less likely to prepay. Mortgage lenders ... See all stories on this topic » | ||
| Advisers could face group action over interest-only FT Adviser As part of the research carried out by consultancy GFK – commissioned by the FCA as part of its thematic review of interest-only mortgages– the FCA revealed that 13 per cent of consumers claimed they did not understand the terms of repayment on their ... See all stories on this topic » | ||
| Permanent TSB chief says mortgage debt write offs will be applied in some cases Irish Times About 20,000 mortgages relating to private dwellings are in arrears of 90 days or more with PTSB. Chief executive Jeremy Masding said that in the first four months of this year, standard financial statements had been completed by 11,400 customers, with ... See all stories on this topic » | ||
| Would FTBs have been better off with another stamp duty holiday than Help to ... Money Marketing Conditions for first-time buyers continue to improve, but is the Government's Help to Buy scheme going to provide the boost this sector desperately needs or would a stamp duty holiday have been more effective? Figures from the Council of Mortgage... See all stories on this topic » | ||
| UK buy-to-let lender Paragon to launch bank in 2014 euronews Paragon has performed strongly during the economic downturn with buy-to-let mortgages in demand as landlords take advantage of a booming rental market while first-time home buyers struggle to get on the housing ladder. The company has also expanded ... See all stories on this topic » | ||
| Santander adds cashback to improved rates FT Adviser Also, other customers looking to buy additional homes or re-mortgage their properties have the option of the new two-year fixed rate set at 4.29 per cent, for 85 per cent LTV – the same as its two-year tracker rate. With a 10 per cent deposit (90 per ... See all stories on this topic » | ||
| CML: Remortgaging at lowest levels for 15 years Money Marketing Of a total of 6.9 million regulated mortgages taken out since 2005 and still active in March 2012, 14 per cent, or one million, had remortgaged their property once since 2005. Furthermore, 2 per cent, equivalent to 130,000, had refinanced more than once. See all stories on this topic » | ||
| More than one can chew FT Adviser In the US shortly before the banking crisis, Ben Bernanke, chairman of the US Federal Reserve, stated that he was unconcerned about the mortgage market because there had never been a nationwide house price crash in the US. And, of course in Britain, ... See all stories on this topic » | ||
| FLS fails expectations on mortgage interest rates - MPC Mortgage Solutions Mortgage borrowers have benefited less from Funding for Lending than economists expected, the latest Monetary Policy Committee minutes have revealed. Bank of England artwork · Tweet. Discussing the extension to Funding for Lending, MPC members ... See all stories on this topic » | ||
| Today's Refinance Rates for Home Mortgages at BB&T Bank Eagle's Rant The benchmark 30 year refinance fixed rate mortgage interest rates at BB&T are published at 3.125% and APR of 3.426% today. The shorter term 15 year refi fixed rate mortgages are listed at 3.625% today and an APR of 4.131%. The best 10 year refinance ... See all stories on this topic » | ||
| New rules for reverse mortgages Neos Kosmos The National Consumer Credit Protection Act has been amended to include regulations covering reverse mortgages. Brokers and lenders who arrange reverse mortgages must now make reasonable enquiries about the borrower's requirements and ... See all stories on this topic » |
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| Housing starts to plunge 30% by 2015, mortgage industry warns ... By Canadian Press The Canadian Association of Accredited Mortgage Professionals predicts Toronto faces an especially big slowdown, with construction to drop off more than 50% Financial Post - Top Stories | ||
| Could QM hurt mortgage borrowers? « Bankrate, Inc. By Polyana da Costa The rule that defines what a safe mortgage is could restrict credit and make it difficult for borrowers to get mortgages in 2014. Bankrate.com |
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| Home Capital CEO Sees Mortgages Book Doubling: Corporate ... Home Capital Group Inc., the Canadian mortgage lender targeted by short sellers , plans to double its loan portfolio by adding customers turned away by the ... www.bloomberg.com/.../home-capital-ceo-sees-mortgages-bo... | ||
| HomePath Mortgages - Fannie Mae HomePath Mortgages. HomePath Mortgages and HomePath Renovation Mortgages are available to Fannie Mae lenders on a negotiated basis, providing ... https://www.fanniemae.com/singlefamily/homepath-mortgage | ||
| The Fight Club: Are "Dignity Mortgages" Essential or Insane ... There's a new idea sweeping through the country. It's called dignity mortgages. Critics call them a leftist scheme. Here's the pros and cons. Money Morning ... moneymorning.com/.../the-fight-club-are-dignity-mortgages-e... | ||
| Mortgages - Western States Bank That's why our Mortgage Department not only offers personal, commercial, and agricultural mortgages, but also the tools necessary for our customers to manage ... www.westernstatesbank.com/products/personal/mortgages/ | ||
| Balloon Mortgages– What is a Balloon Loan? | Hunt Mortgage Balloon mortgages involve the payment of a lump sum to clear the outstanding mortgage loan after a specific period of time. A common form of balloon loan i. huntmortgage.com/balloon-mortgages-what-is-a-balloon-loan/ |
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