Sir, Both David Damant and D.R. Myddelton see the provision of unwise mortgages in the US as a principal cause of the current crisis (Letters, January 27 and 28). This narrow-sighted view ignores the fact that unwise mortgage lending would have …
MILLIONS of home owners with standard variable rate mortgages from building societies face higher borrowing costs, experts warned yesterday. At least 70,000 are expected to be hit with a rise in the coming weeks after Skipton Building Society raised …
1. A Changing Regulatory Environment. RESPA changes begin in January, and shopping for a mortgage should become more precise. The Real Estate Settlement Procedures Act, which has been with us for a very long time, is finally getting an overhaul. Of …
Fannie and Freddie mortgage securities, on the other hand, lost value during the credit crisis in 2008 because there was uncertainty about the extent to which the government, which had chartered the companies but allowed them to operate as for-profit …
Wholesale reverse mortgage volume came in at 4,326 units in December, up 10% compared to November. Bank of America took over the top spot in December with 963 units followed by MetLife (930 units) and Urban Financial/Reverseit (550 units). Overall …
AUSTRALIA’S largest mortgage broker says buyers are rapidly deserting the housing market as interest rates creep up, after its sales last month plunged to a five-year low. Yesterday AFG, a broker with a 10 per cent share of the market, said it sold …
New figures show Sydney housing prices are becoming so unaffordable that more people have to rent. First home buyers lured into the housing market by government grants are struggling to meet mortgage repayments. 45% of first home owners in mortgage …
The last two of six alleged co-conspirators denied Thursday at Suffolk County court their involvement in a nearly $6 million mortgage fraud scheme. Luis Lino, 46, of Hauppauge, and 38-year-old Martha Huezo of Mastic Beach, both pleaded not guilty and …
A new consumer access project will allow South Dakotans to view information about state-licensed mortgage companies, branches and individuals currently licensed through the Nationwide Mortgage Licensing System and Registry. The NMLS Consumer Access …
NEW YORK – Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can’t pay its mortgage. That’s good business. Rick Gilson, a college custodial supervisor in South Dakota, wants to walk away from the mortgage on his mobile …
