Banks Trim Prime Rate As Ottawa Offers Mortgage Relief canada's big banks are lowering their prime lending rates in response to an announcement friday that the federal government will buy $25 billion worth of mortgage debt to help free up credit markets. www.ctvbc.ctv.ca
Fsa Fines Mortgage Lender £1.12m - Times Online the city watchdog has fined ge money home lending £1.12 million for overcharging hundreds of sub-prime borrowers by a total of £2.3 million. this is the first time a mortgage lender has been fined by the financial services authority (fsa) since it ... www.timesonline.co.uk
Mortgage Lending Halves In Month - Sky.com mortgage lending halved during august and the number of home loans slumped to a record low, latest figures show. more gloom in the housing market approvals for house buying were down to 21,086 in august. this compared with 22,239 in july, said the ... news.sky.com
Now May Be Time To Buy Home despite the bad economy, pending home sales in arizona are up, and arizona state real estate professor jay butler advises prospective homebuyers to act now before more mortgage banks and lending institutions close. news.ktar.com
Govt 'must Invest More In Mortgage Market' the head of non-bank lender aussie home loans, john symond, has called for the federal government to invest more in the scheme to boost the mortgage market. www.abc.net.au
U.s. Housing Prices Tumble On Home Mortgage Scarcity (update2) - Bloomberg sept. 23 (bloomberg) -- u.s. home prices tumbled in july as the credit crisis that led to this month's toppling of lehman brothers holdings inc. tightened mortgage standards and slashed real estate lending . home purchase prices dropped 5.3 percent ... www.bloomberg.com
Bailout Could Push Mortgage Rates Lower - Miami Herald the government's historic seizure of mortgage finance giants fannie mae and freddie mac could lower mortgage rates and breathe new life into the moribund housing market, analysts say. ''it should bring mortgage rates down, because fannie and freddie ... www.miamiherald.com
Mortgage Companies Hold Steady even with the global financial crisis and current stricter lending standards, managers of local mortgage companies say they haven’t seen a drastic drop-off in business of late. www.transcriptbulletin.com
Home Prices Slide 5.3% In July - Cnn Money washington (ap) -- home prices in july fell 5.3% compared with a year ago, a government agency said tuesday, and have now receded to october 2005 levels. the home price index was down 0.6% from june on a seasonally adjusted basis, according to the ... money.cnn.com
Us Regulator Wants More Fair Lending Data From Banks - Reuters washington, sept 10 (reuters) - the regulator of some of the largest u.s. banks said on wednesday he wants institutions to collect more data earlier in their fair lending process. banks are required to disclose detailed lending data under the federal ... www.reuters.com
Hsbc Cuts Rates hsbc bank malta said this afternoon that as a result of the ecb interest rate change, it is reducing its home loan base rate (hmlr) from 4.25% to 3.75%. the hmlr is the base for the bank’s variable mortgage lending. www.timesofmalta.com
Mortgage Firm Fined Over Lost £2m - Bbc News "the firm's failings were serious because a large number of borrowers, including some with impaired or non-standard credit profiles, were put at risk of financial loss," she said. ge money home lending, the uk's 14th largest mortgage lender last year ... news.bbc.co.uk
Home Groans - New York Post sen. chuck schumer urged the federal home loan bank of atlanta yesterday to curb its lending to mortgage companies like countrywide financial, which is threatening the solvency of the fhlb. in a letter sent yesterday to ronald rosenfeld, chairman of ... www.nypost.com
Cairns Lockie Mortgage Commentary 10 Oct 2008 welcome to the eighteenth fortnightly cairns lockie mortgage commentary for 2008. we aim to keep you informed on developments at cairns lockie, home loans and the mortgage market in general. www.scoop.co.nz
Ministers Mull New Mortgage Lending Scheme - Belfast Telegraph the government is considering a series of options including state-backed schemes to help fund new mortgage lending, which would run alongside but be separate from the successor to the bank of england's special liquidity scheme (sls). the bank's new ... www.belfasttelegraph.co.uk
Toronto-dominion Hasn't Curbed Consumer Lending, Hockey Says oct. 10 (bloomberg) -- toronto-dominion bank hasn't slowed its pace of lending to individuals and small businesses even as the cost of funding rises, the head of its canadian consumer bank said. www.bloomberg.com
Blow For New Mortgage Borrowers the number of mortgage products available to new borrowers hits its lowest figure since the start of the credit crunch. news.bbc.co.uk
Fears Over House Prices As Lending Slumps Again - Times Online mortgage lending to people buying new homes slumped by more than a half to a record low in august. some 21,086 home loans were approved by banks during the month, 64 per cent lower than august last year, figures from the british bankers association ... www.timesonline.co.uk