* You are viewing the archive for April 17th, 2008
There is no doubt that the UK mortgage market has been hit by the so-called credit crunch. There are also signs that the housing market is slipping back (Spring 2008). But whereas many people are looking on the gloomy side, there will be some canny people who will make some profitable property purchases now.
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Several years ago self-certification mortgages were investigated by the Financial Services Authority. The FSA looked into the practises of mortgage brokers in the financial services industry as it was alleged that unscrupulous brokers were encouraging people to exaggerate their incomes on self-cert applications.
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Rising mortgage costs slow new home sales
Guardian, UK - The rising cost of mortgage deals is pushing potential housebuyers out of the market and sending orders for new homes plunging, Britain's biggest … Taylor Wimpey profits hit by mortgage famine Taylor Wimpey orders plunge on mortgage drought Wimpey hit by market downturn |
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The term mortgage originally came from Old French, literally dead pledge, from mort (from Latin mortuus dead) + gage pledge.
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Sector roundup: Airlines, mortgage insurers
Houston Chronicle, United States - NEW YORK (AP) _ Mortgage insurance stocks rallied Thursday after MGIC Investment Corp. reported a smaller loss for the first quarter than analysts expected. … |
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 Pravda |
Sector Snap: Mortgage Insurers rise on MGIC results
Forbes, NY - AP 04.17.08, 12:54 PM ET Mortgage insurance stocks rallied Thursday after MGIC Investment Corp. reported a smaller loss for the first quarter than analysts … Mortgage insurer MGIC posts loss as defaults rise MGIC has smaller than expected quarterly loss MGIC swings to 1Q loss on housing ills, but beats forecasts |
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Online mortgages function much in the way the “real world” mortgages do, except that they are conducted over the Internet. At first thought, this can be a scary prospect considering that business conducted over the Internet isn’t always secure or free of fraud. However, consumers have much to benefit from an online mortgage.
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 Mirror.co.uk |
UK mortgage rescue plan could come next week -source
Reuters - Mortgage lenders have already warned lending could halve this year and, with elections due by May 2010, the Labour government is desperate to avoid another … Sterling rises vs dlr on UK mortgage plan timeline BoE eyes mortgage market intervention, source says BoE eyes mortgage market intervention-source |
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 Telegraph.co.uk |
Bankers question Brown's mortgage plans
Scotsman, United Kingdom - It is believed the Bank of England is crystallising plans to inject liquidity into the mortgage market by exchanging government bonds for mortgage-backed … BoE eyes mortgage market intervention, source says Bank of England to take on banks' loans to help mortgage market BoE eyes mortgage market intervention-source |
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 Pueblo Chieftain |
AP Interview: Frank threatens tough mortgage rules
The Associated Press - But if the mortgage industry refuses to participate in his plan to let struggling borrowers refinance into government-backed loans, Frank said, … AP Interview: Frank threatens tough mortgage rules Lawmaker steps up modification pressure Groups Press for More Housing Relief |
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