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News about Mortgages:
One in five homes sold because thousands can no longer afford mortgage ... - Daily MailOne in five homes on the market is being sold because the owner can no longer afford mortgage payments. At least 5,000 properties every week are being put up for sale by 'forced downsizers', according to a survey by the National Association of Estate ...
Mortgage debt forces thousands to sell up - Times OnlineMore than one in five homes on the market are there because their owners cannot afford the mortgage repayments, The Times has learnt. A survey of estate agents suggests that at least 5,000 properties a week are being put up for sale by “forced ...
Repossessions rise 12% in just three months as 130 families a day have ... - Daily MailMore than 11,000 homes were repossessed during the third quarter of the year, 12% higher than in the second quarter, figures out today showed. The Council of Mortgage Lenders' data released today showed 11,300 homes were repossessed in the third ...
2008 (2665) - Dakota Voice► January 16 - January 23 (1) Navy torpedo boat PT 109 was rammed AUGUST 2, 1943, by a Japanese destroyer and sunk. The commander sustained permanent back injuries yet helped survivors swim miles to shore, which unfortunately was behind enemy lines ...
Mortgage trusts leaking funds, broker warns - News.com.auA WARNING has been sounded about the multi-billion-dollar mortgage trust sector, with most rated trusts leaking funds, according to Lonsec. The broker warns in a four-page analysis that the exclusion of mortgage trusts from the federal Government's ...
Banks defy Brown over new interest rate cut - Times OnlineHigh Street banks have told Alistair Darling they will not pass on any further interest rate cuts to consumers and businesses. The banks have warned the chancellor they are “not charities”. They said they could not afford further to reduce ...
Repossessions must be a 'last resort' - Times OnlineUK mortgage lenders will be forced to prove that they are repossessing Britons' homes only as a last resort under new rules announced yesterday by the Prime Minister. Gordon Brown has introduced new rules to clamp down on lenders that rush to ...
Will bail-out mean the crisis is over? - The IndependentHouse approves $700bn rescue plan Dominic Lawson: Democrat fingerprints are all over the financial crisis Simone Wallmeyer: We unmask the face behind the crash EU 'Big Four' in bailout row Bailout? Over to you, Gordon Mary Dejevsky: Amid the chaos ...
Fed Cuts Key Interest Rate By Half-Point - CBS News(CBS/ AP) The Federal Reserve has slashed a key interest rate by half a percentage point as it seeks to revive an economy hit by a long list of maladies stemming from the most severe financial crisis in decades. The central bank on Wednesday reduced ...
Agents report rise in activity after bail-out - Financial TimesEstate agents have reported an increase in property inquiries after government action to shore up the lending market, culminating in Monday’s bank bail-out. A Royal Institution of Chartered Surveyors survey this week showed that estate agents were ...
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