Endowment mortgage disputes soar to 70,000
The Financial Ombudsman Service says it has received 70,000 new complaints about endowment mortgages in the last year, the equivalent of 1,300 a week, compared with just 300 a week three years ago.
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FHA saddles up to help troubled borrowers A bailout plan, FHASecure, aims to prevent foreclosures for those who fell behind because the rates went up on their adjustable-rate mortgages.read more...
Nationwide raises mortgage rates (BBC News) The Nationwide building society rises its mortgage rates as volatility in the mortgage market continues.read more...
Builders say they're getting hammered by skyrocketing construction costs South Florida builders say they're getting nailed. Steel prices have doubled in the past two years, while the cost of concrete has increased every six months since 2004.read more...
Bill helps manufactured home industry A manufactured housing reformbill signed by Gov. Rick Perry on June 18 will ease the process of buying and selling mobile homes for both consumers and dealers.read more...
BBA says mortgage lending down in September (Banking Business Review) Statistics released by the British Banking Association show that Septembers increase in underlying mortgage lending was the smallest for five months.read more...
HREC's Newly Created New York City Office Closes More than $150... NEW YORK, June 1, 2005 + HREC Investment Advisors, a leading international hotel brokerage and investment banking group specializing in the lodging industry, with offices in Denver, Chicago, and Tampa,