Mortgages News

WASHINGTON (Dow Jones) -- Issues on people's minds: What can you do if you find the mortgage you were promised is not the one you closed on and how do you go about getting a reverse mortgage? Q: I was quoted a three-year fixed mortgage that was not supposed to change for 36 months. I also was quoted a margin of 2.75 percent. The mortgage agent changed the rate to a 3 percent margin and the thre ...

U.S. stocks were mixed in late-day trading Thursday as General Electric, McDonald's and others weighed on the Dow Jones Industrial Average, but strength in the technology sector kept the Nasdaq Composite in positive territory. Trading took place in the face of a rise in long-term bond yields to multi- year highs and a spike in crude prices that took oil close to $70 a barrel. The Dow Jones I ...

U.S. stocks pared gains Thursday afternoon after comments on inflation from a Federal Reserve official unsettled investors, already nervous after long-term bond yields hit multiyear highs. The Dow Jones Industrial Average (DJI) was up 1 point at 11,130 on the last trading day of the week, well below an early high of 11,178. The Nasdaq Composite Index (RIXF) continued higher, up 14 points to  ...

U.S. stocks rose in midday trading as strength in the technology sector helped Thursday's market weather a rise in long-term interest rates to multiyear highs. Investors are also digesting a number of economic reports as well as quarterly financial results from General Electric, Advanced Micro Devices and others. In pre-holiday trading, the Dow Jones Industrial Average (DJI) was up 21 points ...

Thu 13th Apr 2006 The Prudential Property Value Release Plan could provide a financially supportive option for retirees who run into money problems, the company has claimed today. It follows a survey by the provider which claims that nearly a quarter of pensioners polled do not have sufficient savings to support their retirement and 19 per cent fear that they may have to sell or downsize ...

James Coney, Daily Mail13 April 2006 THE UK's biggest building society has increased the amount of money it will lend to first-time homebuyers struggling to get on to the property ladder. WANT TO KNOW MORE? DEAL FINDER: Compare the best mortgages OTHER STORIES Fiddled mortgages targeted Home sales are ready to roll New on the market Homes take February breather What's happening t ...

This is Money12 April 2006 A crackdown on fraudulent mortgage applications being made through brokers has been launched by the financial watchdog. COOKING THE BOOKS: The FSA will crackdown on fiddled mortgages WANT TO KNOW MORE? REPORT: Watchdog raps mortgage brokers DEAL FINDER: Best mortgage deals CALCULATOR: How much can you borrow? OTHER STORIES Homes take February breather Home sales are ready to roll New on the market £110m VAT on homeseller packs What's ...

By Elaine Hardcastle, UK retail correspondent LONDON (Reuters) - GUS, which plans to split in two later this year, reported strong second-half sales at its credit checking unit Experian on Wednesday but a disappointing outcome for DIY unit Homebase. While Experian beat expectations, the company said Homebase profits would be hit in the year just ended, sending GUS's shares down 2.5 percent to 1,019 pence by 10:37 a.m. "Experian has delivered record sales growth in the year just ended, with a  ...

By David Burrows LONDON (Reuters) - Disillusioned endowment policyholders who might be thinking of surrendering their underperforming policies should think again and cash in on the booming traded endowment market, experts say. Traded endowment policy (TEP) market makers are urging UK policyholders to sell their policies on the second hand market and get up to 20 percent more on the deal. Richard Simmonds, managing director at LSA Endowments, a market maker that matches policy sellers with buy ...

Tue 11th Apr 2006 The Nationwide Two-Year Fixed-Rate mortgage will now be available at an increased rate of 4.48 per cent with a fee of £599 and from 4.68 per cent with a fee of £399. New rates of 4.73, 4.78 and 4.88 per cent will now be set on the Three-Year, Five-Year and Ten-Year fixed-rate packages respectively. No higher lending charges or fees for high level borrowing  ...