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News about Mortgages:
Losing it all: Subprime loan mess slamming doors on homebuyers in ... - Lynchburg News and AdvanceYou wouldn’t expect a $1 million home on Easy Street on Smith Mountain Lake to end up in the same situation as a $20,000 house from inner-city Lynchburg. One was built as a lakeside mini-mansion in 2006. It has 5,200 square feet, granite ...
Banks crumble under pressure to pass on rate cut - Times OnlineBritish banks are beginning to crumble under pressure from the Government to pass on yesterday's surprise 1.5 per cent interest rate cut to customers, with Nationwide and Royal Bank of Scotland (RBS) and HBOS the latest to announce new mortgage rates ...
Darling summons bank chiefs over rate cut failure - Times OnlineAlistair Darling summoned the chief executives of Britain’s biggest banks to Downing Street today to demand that they immediately pass on the Bank of England’s interest rate cut to their customers. Treasury sources confirmed to The Times that the ...
Banks buckle under pressure from Alistair Darling - Times OnlineThe banks caved in to government pressure to reduce mortgage costs yesterday, but immediately sounded warnings that they would refuse to pass on any further interest rate cuts. A host of lenders cut mortgages after bank executives were told by ...
Britain faces crisis as negative equity to reach 2 million - Times OnlineCollapsing house prices are plunging 60,000 homeowners a month into negative equity, which means the country is on course for a worse crisis than the 1990s crash. At current trends, 2m households will enter negative equity by 2010, outstripping the 1 ...
Outlook: A Too-Wonderful Lifestyle - Washington Post• Politics : Health Care Plans "For three generations, suburban homesteading has been underwritten by our infrastructure spending, our zoning policies, our banking regulations and our tax code. Easy credit, inexpensive mortgages, cheap gasoline ...
Toronto home sales, prices slump - Globe and MailThe slip into the abyss of the millerville housing market is a highly predictable event. First, that market has been glutted by unlimited and unrestrained construction of concrete coffin stacks (aka condominium) blocking the city's views for as far ...
State official: Banking system is sound - Shelbyville Times-GazetteTennessee Commissioner of Financial Institutions Greg Gonzales told a Shelbyville audience on Friday that the state's banking system is fundamentally sound and that Tennessee's state-chartered banks have better capital rates, asset quality and ...
Toronto home sales, prices plunge - Globe and MailDave C from Canada writes: Has it finally hit home to people here in Canada that yes, we also have a very significant housing Bubble?? Prices will plunge in BC, Alberta and Toronto just as much or more than they skyrocketed. It is the law of ...
PMI Releases Winter 2008 Risk Index - PR NewswireWALNUT CREEK, Calif., Jan. 15 /PRNewswire-FirstCall/ -- PMI Mortgage Insurance Co., the U.S. subsidiary of The PMI Group, Inc. (NYSE: PMI ), today released its Winter 2008 U.S. Market Risk Index(SM), which ranks the nation's 50 largest metropolitan ...
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