Types Of Bankruptcy

Mortgage payments take bigger bite out of household budgets (BizJournals)  Mortgage payments are eating up an increasingly bigger share of household budgets across Oahu.read more...


Wachovia quits offering risky mortgage loan (San Francisco Chronicle)  Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest. The


Average mortgage breaks through $300,000 (Sydney Morning Herald)  The size of the average new Australian mortgage broke through the $300,000-mark in May, suggesting the latest interest rate rise had little impact on the home loan market, Australian Finance


Study: State of nation's home values  Get a complete look at the real estate values of existing homes and condos for the past quarter as the National Association of Realtors releases their data. How did


Some Northeast residents paying extreme water bills  Residents in one Northeast Richland county neighborhood are watching their water use closely.read more...


Shareholders back RBS cash cal...  The Royal Bank of Scotland has said it has secured overwhelming backing for its 12 billion cash call on shareholders - the biggest rights issue in UK corporate history.read more...

January 30th, 2007

UK mortgage repossessions on the rise due to higher interest rates - CML UPDATE (Sharewatch)

LONDON (AFX) – Higher borrowing costs are slowly beginning to take their toll on UK homebuyers, the Council of Mortgage Lenders said. It said that the number of mortgage repossessions increased to 8,860 in the second half of 2006 from 8,140 in the first six months.

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