Mortgages and Loans help
Och-Ziff Capital Management Group LLC said on Wednesday that it?s preparing a new mortgage fund and is close to launching an emerging-markets platform as the hedge fund firm tries to attract more capital from institutional investors.
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Mortgage applications decreased for the second week in a row at a time when sales are usually increasing. via Realtor Magazine
Abbey is to reduce its rates for some mortgages, partly in response to the Bank of England?s liquidity scheme which will inject £50bn ($99bn) into the mortgage market.
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May 1 (Bloomberg)—GMAC LLC , the U.S. auto and home-loan lender controlled by Cerberus Capital Management LP, is offering a record-high yield margin for the Australian market to sell mortgage-backed bonds, three people familiar with the deal said.
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There are lots of proposed remedies to prevent another mortgage catastrophe like the one we?re going through now. Most of the suggestions I?ve seen won?t fix the loopholes that allowed so many borrowers to take on mortgage loans they couldn?t afford.
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“The costs for the banks have increased and yet there still remains an operating band (for other loans), except for five-year mortgages”
– Bank of Canada governor Mark Carney is concerned about the loosening standards in the Canadian mortgage system, particularly the growing popularity of mortgages amortized over a 40-year period.
Carney told a Commons committee Wednesday that the central bank is watching developments in the mortgage lending sector closely to ensure that the abuses seen in the U.S. subprime market do not occur in Canada.
“We have concerns with the increased prevalence of very long amortization and higher value mortgage products,” he said. Read more
Bank of Ireland has become the latest bank to announce increases in its mortgage interest rates. Banks have been responding to the worldwide credit crunch, which is making it more expensive for banks to raise funds on money markets.
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An employee of a Fort Myers mortgage company was arrested Wednesday, accused of stealing about $20,000 from the business between July 2007 to April…
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Del Mar DataTrac®, Inc. announced today that Flanders, N.J.-based American Federal Mortgage Corp.
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We may be a long way from the right solutions to avoid another mortgage meltdown. But one thing officials can do now is prosecute those who have engaged in unlawful activities.
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