Types Of Bankruptcy

Lenders in mortgage battle (The Australian)  LENDERS are battling it out to attract the shrinking pool of home-buyers by slashing interest rates on their fixed rate mortgage products.read more...


Dessin Fournir Companies Acquires Rose Cumming  Chuck Comeau, principal of the Dessin Fournir Companies, announces the acquisition of Rose Cumming Chintzes, Ltd., the legendary fabric and wallpaper firm whose namesake was one of the founding grande


Betting on the Right Loan    Finding the right mortgage loan, like deciding on the right cell phone or the right digital camera, can involve way too many choices these days. The ads scream: Interest-only!


West stays hot for new homes building  Bucking a national trend, home building remains hot in the West. Elsewhere, builders are just as likely to say the construction market is ''poor'' as they are to say it's


U.S. MBA's Mortgage Applications Fell 1.6% Last Week (Update1) (Bloomberg.com)  March 22 (Bloomberg) -- A gauge of U.S. mortgage applications fell last week to the lowest level of the year as home purchases and refinancing declined, a sign housing will


Macquarie to wind back mortgage operations (Daily Telegraph)  MACQUARIE Bank is to wind back its retail and wholesale Australian residential mortgage origination services due to higher funding costs.read more...

November 23rd, 2007

Slump in bank mortgage lending

“Heightened affordability pressures are making it increasingly difficult both for first-time buyers to get into the housing market and for existing house owners to trade up”

The market may be heading for a sudden drop in sales There has been a slump in the number of mortgages being approved for home buyers by UK banks. via BBC



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