Mortgages News

By Mark McSherry NEW YORK (Reuters) - The board of General Motors Corp. (GM.N: Quote, Profile, Research) is edging towards a decision this weekend on whether to sell a controlling stake in General Motors Acceptance Corp., its financial services business, for about $11 billion (6.3 billion pounds), sources familiar with the negotiations said on Friday. A consortium that includes hedge fund Cerberus Capital Management LP and the private equity unit of Citigroup (C.N: Quote, Profile, Research)  ...

Simon Lambert, This is Money31 March 2006 WINTERSPORTS fans snapping up property in ski resorts are driving British interest in Bulgaria and Canada – with a new breed of adventurous investor leading the way. SNOW BUSINESS: Wintersports enthusiasts are fuelling rising demand in property in ski resorts in Bulgaria and Canada WANT TO KNOW MORE? REPORT: Spanish eyes on holiday homes GUIDES: Buying a home abroad DEAL FINDER: Best mortgage rates OTHER STORIES Proper ...

Sean Poulter, Daily Mail31 March 2006 FOURTEEN million Britons are weighed down by overdrafts - and the big banks are cashing in to the tune of £4.1bn a year. WANT TO KNOW MORE? DEAL FINDER: Current accounts GUIDE: Fighting unfair charges POLL: Do you have an overdraft facility? OTHER STORIES Wembley suffers more delays Market report: Friday 09.00 Eastern property bubble at ...

This is Money31 March 2006 MORE than a third of people rely on their overdraft, while one in four current account holders admit they are nearly always in the red. RED ALERT: Many of us are paying excessive overdraft charges WANT TO KNOW MORE? SWITCH & SAVE: Current accounts LETTER: Fight unfair bank charges GUIDE: Switching bank accounts POLL: Do banks have a duty to help people on low incomes? OTHER STORIES Take a break from charges Student debt soars New on the ...

LONDON (Reuters) - House prices jumped 1.1 percent in March, taking the annual increase to its highest in almost a year, a closely-watched report showed on Thursday, suggesting a housing recovery is firmly back on track. The average price of a home rose to 162,083 pounds in March, after zero growth in February, according to seasonally adjusted data from the Nationwide Building Society. Year-on-year, prices rose 5.3 percent -- the biggest annual increase since May 2005 -- after a 3.7 percent ga ...

Jane Padgham, Evening Standard30 March 2006 BRITAIN'S housing market is in the grip of a spring boom, the country's biggest building society said today. BOOM TIME: Nationwide says property prices are soaring as a spring boom takes hold WANT TO KNOW MORE? REPORT: Rising prices stall homebuyers GUIDES: Buying and selling advice DEAL FINDER: Best mortgage rates OTHER STORIES The hidden cost of mortgages Rising prices stall homebuyers New on the market Cameron's pledge ...

LONDON (Reuters) - House prices jumped 1.1 percent in March, taking the annual increase to its highest in almost a year, a closely-watched report showed on Thursday, suggesting a housing recovery is firmly back on track. The average price of a home rose to 162,083 pounds in March, after zero growth in February, according to seasonally adjusted data from the Nationwide building society (NAT.UL: Qu ...

Rosanna Spero, Daily Mail30 March 2006 MORTGAGE lenders face a crackdown on the fees they charge borrowers. WANT TO KNOW MORE? DEAL FINDER: Mortgages OTHER STORIES Rising prices stall homebuyers Cameron's pledge to first-timers New on the market Spring in house prices' step Fun now means hassle later USEFUL LINKS GUIDES: Homes, loans and more BOARDS: Mortgage chat EXPERT ...

WASHINGTON (Dow Jones) -- China needs to be much more aggressive in loosening the peg between its yuan currency and the U.S. dollar, a top Treasury official told lawmakers on Wednesday. While China has made some "important achievements" toward adopting a more market-based exchange rate, "China could easily move more rapidly towards greater flexibility. It should do so now," said Timothy Adams,  ...

Government bond yields around the globe touched multi-year highs on Wednesday amid fears of further interest rate rises in both the US and the eurozone, in the wake of Tuesday’s latest hike by the US Federal Reserve. // Yields on two-year US Treasuries notes hit a fresh five-year peak at 4.828 per cent, while 10-year yields pushed to 4.810 per cent, their highest since the Fed began its rate rising cycle in June 2004. Although the rate increase, to 4.75 per cent, was fully expected, the centra ...