Lenders join shared equity scheme
Many families have been unable to keep up with rising house prices Three new lenders have joined the government’s HomeBuy scheme, offering 20,000 shared equity mortgages.
read more…
Mortgage Market Losses May Be $400 Billion, Bank Says (Update2) (Bloomberg.com) Nov. 12 (Bloomberg) -- Losses stemming from falling values of subprime mortgage assets may reach $300 billion to $400 billion worldwide, Deutsche Bank AG analysts said.read more...
Home sales slump early "There are not that many cases where someone lost a job, has been foreclosed upon, and absolutely needs to sell" The spring home selling season is still off to
Impac Mortgage Holdings cuts 350 jobs (Reuters via Yahoo! News) Impac Mortgage Holdings Inc , one of the largest "Alt-A" lenders, said it has cut 350 jobs to reduce its operating expenses.read more...
H&R Block posts loss on mortgage woes (AP via Yahoo! News) H&R Block Inc. on Thursday cast new doubt on the pending sale of its troubled mortgage lending arm, saying it's trying to renegotiate sales terms as credit markets continue
U.S. MBA's Mortgage Applications Index Increased 9.9% Last Week (Bloomberg.com) Jan. 11 (Bloomberg) -- U.S. mortgage applications rose for the first time in five weeks as filings for home purchases rebounded, according to a private group's survey.read more...
Confused by all the Mortgage Options? Here's Help (Wellsville Daily Reporter) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,