FHB suspended on news of possible tax on mortgage subsidies (The Budapest Sun)
THE Hungarian government’s plan to replace the extraordinary bank tax with a 20% tax on government mortgage subsidies raised bank concerns last week.
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ANZ puts Origin on sale block THE competitive squeeze in the home loans market has prompted ANZ to effectively put its stand-alone Origin wholesale mortgage business up for sale, which could entice a bidding war
Bank of England unveils £50bn mortgage bailout (Times Online) The Bank of England (BoE) launched an unprecedented £50 billion scheme today to bail out Britain?s ailing banking system and help to ease the tightening mortgage market.read more...
Capital base for mortgage banks now N2bn (Vanguard) LAGOS? THE Central Bank (CBN) has increased the minimum capital base of mortgage banks to N2 billion from N200 million under its reform agenda for the financial sector.read more...
Impact Fee Deadline Spurs Permits read more...
Home-builder shares down on sour data "We think the overall inventory will exceed 10.0 months in August, with single-family months' supply approaching the prior peak of 9.8 months set in '89, as inventory levels continue to
Opening Glance:Mortgage lenders dip after Countrywide report (AP via Yahoo! Finance) Shares of mortgage lenders slipped Tuesday after Countrywide Financial Corp. reported an $893 million loss for the first quarter.read more...