Moral hazard is part of mortgage mess
The concept known as “moral hazard” will be important to understand as Congress, regulators and lenders address the aftermath of shaky mortgage lending.
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Mortgage rates rise on fear of Fed move (San Jose Mercury News) Mortgage rates rose again this week on worries about what the Federal Reserve will do next. One-year adjustable-rate mortgages hit the highest level in nearly five years.read more...
Mortgage lending hits December high (Financial Times) Gross mortgage lending was £29.4bn in December - a new record for the month - the Council of Mortgage Lenders said yesterday. The figure was 11 per cent lower than
Nikko Principal Drops Plan for RAMS Mortgage Bid, People Say (Bloomberg.com) June 14 (Bloomberg) -- Nikko Principal Investment Australia, a unit of Japan's third-largest brokerage, dropped an offer for home lender RAMS Mortgage Corp., leaving Kohlberg Kravis Roberts & Co. as
Barring the Hedge Fund Doors to Mere Millionaires On Wednesday, the S.E.C. proposed limiting the number of people who can invest in hedge funds by raising the minimum wealth required to buy in. read more...
New NIB mortgage to shake up market? (RTÉ News) National Irish Bank has launched a new mortgage product which it claims will bring substantial savings to thousands of home owners. The product, called the LTV (loan to value) Mortgage,
House's Lending Bill Would Hurt Some Borrowers It Intends to Help In the wake of the subprime mortgage crisis, the market has turned against all except "cream-puff" borrowers -- those with no weaknesses. read more...