Banks ‘exposed’ over lax loans
THE nation’s banking regulator has warned home lenders that their cutting corners on property valuations could expose them to unacceptable levels of bad debt in a major downturn.
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Maple Shade redevelopment proposal debated at meeting The Planning Board wants more information on what properties would be targeted under a proposed redevelopment plan before it votes on whether to endorse the project.Commentread more...
US consumers limp as tax rebates fade Consumer spending is showing signs of flagging in the United States as shoppers descend on discount stores but avoid buying non-essentials as the effect of federal tax rebates begin to
Fitch Rates $1.01B NovaStar Mortgage Funding Trust, Series 2006-2 (FinanzNachrichten) ::? Fitch Rates $1.01B NovaStar Mortgage Funding Trust, Series 2006-2?:: Fitch rates NovaStar Mortgage Funding Trust's $1.01 billion home equity loan asset-backed certificates, series 2006-2, which closed on June 15,
End of the 100 per cent mortgage as young buyers are forced to produce a deposit (Daily Mail) Mortgages which let people borrow more than the value of their home were dramatically scrapped yesterday. The news comes as one of the country's biggest mortgage lenders, Alliance and Leicester,
Guardian Mortgage's NGIS Enables Bank to Deliver Home Equity Product to Market Principal Bank, a member of The Principal Financial Group , has expanded its use of Guardian Mortgage Documents' Web-based Next Generation Input System and has launched its newest home