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News about Mortgages:
Bank of England set to cut rates to record low - In the NewsThe Bank of England is set to cut interest rates to record low this week, following poor economic data released yesterday. The monetary policy committee (MPC) will sit down on Wednesday for its two-day meeting amid falling house prices, mortgage ...
London Scottish debt-collection arm for sale - Times OnlineErnst & Young is preparing to sell Robinson Way, London Scottish Bank's profitable debt collection business, after being appointed to run the failed sub-prime lender and savings provider yesterday. It is understood that the administrator is preparing ...
INSTANT VIEW 4-UK mortgage approvals match series low in Oct - FXStreet.comLONDON, Dec 1 (Reuters) - British mortgage approvals for house purchase fell in October to match August's reading of 32,000, the lowest since the series began almost a decade ago, the Bank of England said on Monday. Mortgage lending was also much ...
As Loan Rates Fall, Borrowers Seek 'Taste of the Bailout Pie ... - Washington PostWould-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...
US SWAPS-Spreads shrink after gov't unveils mortgage plan - ReutersNEW YORK, Nov 25 (Reuters) - The costs to exchange U.S. fixed-rate interest payments for floating-rates fell sharply on Tuesday after the government said it plans to buy up to $600 bln in mortgages and related securities. This latest federal move ...
Borrowers look for a 'taste of the bailout pie' - MSNBCWould-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...
Seeking a Piece of 'Bailout Pie' - Washington PostWould-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...
Gloomy forecast could end in long hike - New Zealand HeraldAn Australian academic who expects the country's interest rates to hit zero within two years and a 40 per cent drop in house prices has promised to walk from Canberra to the top of Australia's highest mountain if he's wrong. And he'll wear a T-shirt ...
Merchant of gloom makes a bet - West OnlineAn academic who expects zero interest rates within two years and a 40 per cent drop in house prices has promised to walk from Canberra to the top of Australia's highest mountain if he's wrong. And he'll wear a T-shirt saying: "I was hopelessly wrong ...
L.A. Times: War on economy could could cost $8.5 trillion - Wisconsin State JournalWith its decision last week to pump an additional $1 trillion into the financial crisis, the government eliminated any doubt that the nation is on a wartime footing in the battle to shore up the economy. The strategy now -- and in the coming Obama ...
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