Mortgage and Financial News From 2009-6-28 Page 01
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Lenders cut repossession forecast - Channel 4 News
The Council of Mortgage Lenders cut its repossession forecast as figures showed a 62% jump in the number of people who lost their homes during the first quarter. The group has reduced its prediction for repossessions during 2009 to 65,000 from a near ...
2009-06-22 07:28:00 -
Lenders expect they will repossess fewer homes - The Independent
Interest rate cuts by the Bank of England will help distressed borrowers hang on to their homes, the Council of Mortgage Lenders said yesterday. As the effects of radical rate reductions have fed through, at least in part, to mortgage borrrowers with ...
2009-06-22 08:57:00 -
Mortgage Rates Mixed, as 30-Year Rate Rises - HULIQ.com
Last week, U.S. mortgage rates were mixed, in terms of rise / fall. The average rate on 30-year fixed-rate mortgages rose still further above 5%, according to Freddie Mac's weekly survey of mortgage rates, while other rates dropped, or rose, unevenly ...
2009-06-28 11:06:00 -
Repossession forecast cut by lenders - InsideHousing
The umbrella body for mortgage lenders has cuts its forecast for the number of repossessions it expects to see this year. The Council of Mortgage Lenders have revised its figure from 75,000 to 65,000 in response to lower mortgage rates that make it ...
2009-06-22 07:21:00 -
Slowdown in rise of mortgage arrears - Financial Times
Cuts in interest rates and pressure on lenders to be lenient on people struggling with mortgages appear to have borne fruit, according to data published on Monday. The number of mortgages slipping into arrears in the first three months of the year ...
2009-06-22 01:41:00 -
Home repossession forecast cut by Council of Mortgage Lenders - Daily Telegraph
The Council of Mortgage Lenders has revised down its prediction for repossessions during 2009 to 65,000 from a near-record 75,000 Photo: GETTY The group has revised down its prediction for repossessions during 2009 to 65,000 from a near-record 75,000 ...
2009-06-22 08:18:00 -
Americans walk away - WorldNetDaily
We find that 26% of the existing defaults are strategic. We also find that no household would default if the equity shortfall is less than 10% of the value of the house. Yet, 17% of households would default, even if they can afford to pay their ...
2009-06-28 11:35:00 -
Americans walk away - WND.com
WND.comAmericans walk awayWND.comMortgage lenders are rightly terrified that more and more of the 22 percent of American homeowners whose homes are now worth less than their mortgages are ...and more »
2009-06-28 11:41:52 -
Minister's home purchases questioned in state mortgage case - Arizona Business Gazette
A Valley preacher with a worldwide ministry and his wife bought multiple upscale homes with deceptive loan applications, according to a state case accusing a mortgage firm of illegal practices. Clint Rogers, head of Mesa-based Clint Rogers Ministries ...
2009-06-19 07:56:00 -
Buffett, Soros Resisted Temptation as Housing Lust Raged: Books - Bloomberg
June 29 (Bloomberg) -- One Sage came from Omaha, seeking stocks he could hold “forever.” Another fled Hungary and traded his way to wealth. The third, a rumpled giant, slew the inflation dragon that ravaged the U.S. in the 1970s. Their approaches ...
2009-06-28 05:58:00 -
Couple is joining together, except for the house - HeraldNet
Couple is joining together, except for the houseHeraldNetPlease consult an attorney and an accountant for professional advice on how to avoid using community funds to cover your home mortgage and maintenance ...and more »
2009-06-28 02:36:00 -
Buying a home: What you need to know - Middletown Journal
Buying a home: What you need to knowMiddletown JournalMortgage pre-approval with a lender will give you a spending limit, but what the bank offers is only what it is willing to risk on you, not necessarily how ...and more »
2009-06-28 05:42:29 -
Hong Kong Banks 'Killing Themselves' With Record Low Mortgages - Bloomberg
Hong Kong Banks 'Killing Themselves' With Record Low MortgagesBloombergBanks cut home-loan rates in the city by 15 to 40 basis points in May to an average 2.08 percent, data compiled by Hong Kong-based mReferral Mortgage ...and more »
2009-06-28 05:10:34 -
Developers build safeguards for buyers of new homes - Chicago Daily Herald
Developers build safeguards for buyers of new homesChicago Daily Herald1 reason for mortgage defaults is loss of employment," said a spokesman for Platinum Home Mortgage Corp., the company that provides the coverage to J. ...and more »
2009-06-28 12:08:58 -
British Home Prices Held Their Value in June, Hometrack Says - Bloomberg
British Home Prices Held Their Value in June, Hometrack SaysBloombergThe central bank said in a report last week that mortgage lending is now “focused almost entirely” on borrowers with clean credit histories. ...and more »
2009-06-28 07:23:48