Mortgage and Financial News From 2009-6-6 Page 01
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Mortgage approvals rose in April - BBC News
The number of new mortgages approved for home buyers in the UK rose in April for the third month in a row, according to the Bank of England. Lenders approved 43,201 new loans to home buyers, although the number of loans to people changing lenders or ...
2009-06-02 05:36:00 -
Lenders derail house market rally - Times Online
Halifax, Britain’s biggest provider, said last week that house prices rose 2.6% in May to an average £158,565 — their fastest rate for seven years. Nationwide’s index had prices up 1.2% in the same month. It is the first time both indexes have ...
2009-06-06 02:57:00 -
Efforts to forestall home foreclosures are paying off - Duluth News Tribune
Efforts to forestall home foreclosures are paying offDuluth News Tribune, MNAs the home foreclosure crisis spreads from the world of risky lending to the world of shrinking income, people with otherwise solid credit are finding that options are scarce when they no longer can meet their mortgage. As the home foreclosure crisis ...
2009-06-06 06:06:44 -
Question of the week Are monthly house price indices useful? - guardian.co.uk
Question of the week Are monthly house price indices useful?guardian.co.uk, UKFinally, as one of the largest mortgage lenders in the UK - active in all regions - we have a robust sample size that is representative of property transactions taking place across the market. While other soundly produced mix-adjusted indices do not ...
2009-06-06 06:07:08 -
New state law clamps down on for-profit foreclosure counselors - Duluth News Tribune
New state law clamps down on for-profit foreclosure counselorsDuluth News Tribune, MNThe bill was the only one of three major mortgage-related measures to get signed into law this year. One of two mortgage bills that Gov. Tim Pawlenty vetoed would have required lenders to offer mediation to homebuyers before they could foreclose on a ...
2009-06-06 06:24:30 -
Don't let the banks bleed you dry in their bid for profits - Independent
Don't let the banks bleed you dry in their bid for profitsIndependent, UK"Money-market rates have come down of late and we have not seen a subsequent fall in mortgage rates. Lenders are holding a lot back to prop up their balance sheets and it's the most loyal customers, those on standard variable rates and those who can't ...
2009-06-06 06:38:05 -
Give your home loan a vital health check - Times Online
Give your home loan a vital health checkTimes Online, UKIf you have failed to do this so far, you could make a one-off overpayment or ask your lender to increase payments to previous levels, although there may be a fee of £75 to £100. Most lenders will charge a fee of 3%-5% for lump-sum overpayments of more ...
2009-06-06 06:47:05 -
Property threat to banks - Times Online
Property threat to banksTimes Online, UKThe staggering figure represents a ticking timebomb for lenders, following a tough two-year spell for the real-estate market. Office blocks, shops and industrial units are expected to halve in value by the end of this year from their 2007 peak. ...
2009-06-06 07:25:02 -
Homeowner Assistance Program Stops at Hartnell College - KIONrightnow.com
Homeowner Assistance Program Stops at Hartnell CollegeKIONrightnow.com, CA... in their homes came to Salinas Saturday Hundreds of people took part in "Project Homeowner" at Hartnell College's Steinbeck Hall, looking to talk to advisors, counselors, and lenders to find options towards avoiding foreclosure and mortgage fraud. ...
2009-06-06 07:50:33 -
State rescue plans are struggling to deliver - Irish Independent
State rescue plans are struggling to deliverIrish Independent, Ireland"It has become increasingly difficult for brokers to find a lender who will offer a mortgage to applicants who 12 months ago would have been ideal mortgage candidates," said Trevor Grant, managing director of Select Finance. ...
2009-06-06 10:49:57 -
Spare Key helps Mankato family - Mankato Free Press
Spare Key helps Mankato familyMankato Free Press, MN... $11199 paid to lenders per month. At times, they have had to turn families away either because they don't qualify, or there aren't any funds available. When the mortgage grant applications exceed the monthly cap, the organization uses a lottery system.
2009-06-06 10:50:06 -
Banks Face Unexpected Financial Hit Due to Revised Rules on ... - FinCri Advisor (subscription)
Banks Face Unexpected Financial Hit Due to Revised Rules on ...FinCri Advisor (subscription), Maryland"Many lenders will abandon the guarantee program" because of the rule change, agrees William McGaughey, EVP at Excel National Bank in Beverly Hills, Calif., the nation's 22 nd largest SBA lender. Hanson says details on accounting for various types of ...
2009-06-06 11:11:30 -
Former subprime lenders stand to profit again - San Francisco Chronicle
Former subprime lenders stand to profit againSan Francisco Chronicle, USAAP sources: Cuban spies very difficult to find 06.06.09 Former top executives from Countrywide Financial, once the nation's largest mortgage firm and a poster child for loose lending standards, have launched a company to buy distressed mortgages from ...
2009-06-06 11:23:52 -
Slavery Isn't Dead--Financial Firms Hold the Chains - Motley Fool
Slavery Isn't Dead--Financial Firms Hold the ChainsMotley FoolLet's see if the consumer's propensity to save will spill over into the rapidly depreciating homes many people now live in, fostering in a further round of defaults for the biggest mortgage lenders. This is becoming a psychological puzzle that bears ...
2009-06-06 11:34:49 -
Commercial foreclosure rates rise (Bradenton Herald)
PALMETTO — Shelly Ferrell’s wholesale gourmet-food business is doing well enough that she’s thinking of looking for larger quarters.
2009-06-06 11:00:41