* You are viewing the archive for April 20th, 2008
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Mortgage brokers in feud with banks
Sydney Morning Herald, Australia - THE mortgage broking model, widely believed to have increased competition between lenders, is under threat from a growing feud between mortgage brokers and … |
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Australia's Central Bank Purchases More Mortgage-Backed Bonds
Bloomberg - By Laura Cochrane April 21 (Bloomberg) — Australia's central bank bought A$780 million ($730 million) of mortgage-backed bonds in its biggest purchase of … |
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Today if you are buying a house or any property a mortgage is something you will almost certainly have to face, but wait, you filed for bankruptcy 2 years ago.
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 All American Patriots (press release) |
Condo loans could be tougher to get
Boston Herald, United States - By Kenneth R. Harney / The Nation’s Housing If you own or plan to buy a condominium, an ominous new phase of the mortgage credit squeeze could be looming on … Adrift in choppy waters, mortgage rates edge slightly higher this week Jumbo mortgages caught up in subprime fallout Another try |
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 LIVENEWS.com.au |
Short-term fix: Reserve in $320m mortgage deal
Sydney Morning Herald, Australia - On Friday the Reserve Bank bought $320 million in mortgage-backed securities, providing much-needed liquidity to a bank or non-bank lender that had packaged … Australia's Central Bank Lengthens Mortgage-Backed Repurchases Australian Central Bank Extends Repurchase Agreements (Update1) Fixed loans losing appeal |
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 This is Money |
Mortgage fees add to loan payment pain
Sunday Herald, UK - By Naomi Caine MILLIONS OF borrowers could be paying over the odds for their mortgage because they do not pay the arrangement fee upfront. … Arrangement fees can double when added to mortgage The mortgage market – it’sa dog eat dog world Mortgage advisers failing customers on fee advice |
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 BBC News |
Mortgage help demand for jobless
BBC News, UK - By Paul Lewis Mortgage lenders are asking the government to give unemployed people more assistance with their repayments. They say it would help borrowers … Mortgage lending down 17pc in a year UK mortgage lending falls 17 pct y/y in March Mixed mortgage market 'set to worsen' |
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A mortgage broker is an independent agent that communicates directly with the mortgage lender. Traditionally, banks and other lending institutions have their own products. Because mortgage rates has become more competitive, the role of the mortgage broker has become more popular. Mortgage brokers today offer more deals then banking representative and are now the largest client sources for lenders. Because every individual is different, a mortgage broker will examine multiple packages to find the best mortgage product suits your individual circumstances.
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 Property News |
BOE Prepares 50 Billion-Pound Mortgage Plan, BBC Says (Update2)
Bloomberg - Lloyds TSB Group Plc, Nationwide Building Society and HBOS Plc have raised the cost of mortgage loans even as the central bank has cut its benchmark lending … Bankers fear the bullet in credit crunch cull Economic View: With mortgages clogging up the system, a purgative … House prices 'to fall 15%' |
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First the rates shock, now a fees nightmare
Times Online, UK - Homebuyers already stung by higher mortgage interest rates are suffering a double whammy as lenders have increased loan fees during the credit crunch. … Borrowers must consider 'true cost' of a mortgage |
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