Mortgage and Financial News From 2009-9-19 Page 01
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Festive spirit: Banks soften home loan norms - Economic Times
NEW DELHI: State Bank of India, Deutsche Postbank, ING Vysya Bank and Punjab & Sind Bank are attempting to light up the festival season by lending more for home purchases than they did six months back, thanks to availability of funds and rising trust ...
2009-09-19 08:02:00 -
HOME LOAN BOOST - News of World
MORTGAGE approvals have surged to an 18-month high as the battered housing market splutters back to life. Data from the British Bankers Association (BAA) show 42,000 loans were taken out last month. The encouraging numbers fuel hope that banks ...
2009-09-19 07:47:00 -
Deal, or no deal? - Boston Globe
Real estate agent Sharon Ronkin could see why the mortgage offer to one of her buyers was tempting: a 5 percent down payment and a 4.75 percent rate with no private mortgage insurance, normally required in purchases with low down payments. But Ronkin ...
2009-09-19 10:11:00 -
RAK mortgage sector shows sign of revival - Business24-7
Obtaining a mortgage in Ras Al Khaimah is becoming easier as more banks have started lending again to customers wishing to buy into projects in the emirate, say real estate agents. "The mortgage scenario in RAK, while not improving in leaps and ...
2009-09-19 05:46:00 -
Interest rate v arrangement fee ... it's all in the balance - The Guardian
Homebuyers are increasingly being offered mortgages with hefty arrangement fees that can negate the benefits of a low interest rate. While competition is slowly returning to the market, these deals - usually offered to people with a limited amount of ...
2009-09-19 06:22:00 -
80 MPs must pay mortgage claims back - Times Online
AT least 80 MPs are to face further humiliation over their expenses, as auditors have found they claimed too much for their mortgages and must pay it back. Many face repaying thousands of pounds of taxpayers’ money. Informed sources say an ...
2009-09-19 03:01:00 -
Tracker mortgages: watch out for the gimmicks - Citywire.co.uk
Tracker mortgages: watch out for the gimmicksCitywire.co.ukThis is a reasonable deal if you take the view that interest rates won't move up much over the next three years, but with fixed rates at around 4% to 5%, ...and more »
2009-09-19 06:07:57 -
Interest rate v arrangement fee ... it's all in the balance - guardian.co.uk
Interest rate v arrangement fee ... it's all in the balanceguardian.co.ukMany borrowers would automatically opt for the low interest rate, but could end up out of pocket by doing so. Based on a £70000 interest-only mortgage, ...
2009-09-19 06:19:26 -
Financial Questions and Answers - Daily Press
Financial Questions and AnswersDaily PressYou didn't share that information with me, but right now interest rates are just over 5 percent for a 30-year fixed-rate conventional mortgage ($417000 or ...and more »
2009-09-19 06:48:01 -
US Housing Market Foreclosure Prevention Tactics Useless - The Market Oracle
US Housing Market Foreclosure Prevention Tactics UselessThe Market OracleAn interesting report in the Los Angeles Times shows that a person with super-prime credit scores is more likely to walk away from an underwater mortgage ...
2009-09-19 08:03:22 -
We're All Going to Pay For the Housing Market Mess - The Market Oracle
We're All Going to Pay For the Housing Market MessThe Market OracleMany citizens support the government "stabilizing" housing prices based on self interest. Yet such folks don't realize that government can only waste money ...
2009-09-19 08:20:41 -
RAK mortgage sector shows sign of revival - Emirates Business 24/7
Emirates Business 24/7RAK mortgage sector shows sign of revivalEmirates Business 24/7With off-plan sales and trade coming almost to a standstill, the interest levels are visible only on ready properties such as those at Al Hamra Village. ...
2009-09-19 08:51:41 -
When advertising a house, keep it real - San Francisco Chronicle
When advertising a house, keep it realSan Francisco ChronicleThe buyer's appraiser will measure the house for the new mortgage lender. Buyers have sued sellers in cases where the appraiser's measurements differed ...
2009-09-19 10:08:14 -
Invalid E-mail address - Boston Globe
Invalid E-mail addressBoston GlobeInterest rates are as low as they have been in years. The average 30-year fixed-rate mortgage is hovering around 5 percent, down more than a percentage ...
2009-09-19 10:21:14 -
Taxpayers' hookwinked: freeway bonds steered to toll roads - Examiner.com
Taxpayers' hookwinked: freeway bonds steered to toll roadsExaminer.comOne of the reasons the mortgage crisis came about was this notion of using debt as collateral for other loans. TxDOT is not only planning to use debt as ...
2009-09-19 10:31:41