Mortgages News

Stability in financial markets is currently “as good as it gets” with “sharply improved resilience” to sudden crises, particularly in emerging market economies, the International Monetary Fund said on Tuesday. // Presenting the Fund’s twice-yearly Global Financial Stability Report, Gerd Häusler, director of international capital markets, said that concerns about the effects of higher global int ...

By Lorna Bourke LONDON (Citywire) - A slew of property data has highlighted the growing strain that the resurgent housing market is placing on first-time buyers and the wider economy. One in 10 first-time buyers now use a bank loan or credit card to fund a typical deposit of 15,000 pounds, according to smartnewhomes.com, a property website. A fifth are resorting to a 100 percent mortgage with no deposit as the annual rate of house price inflation measured by Halifax more than doubled to 6.2 pe ...

// Iceland’s central bank may take steps to further tighten its monetary policy to check spiralling levels of inflation and the depreciation of the country’s currency. “If we notice that the measures we have so far taken are not enough then we will have to think again. It is possible that interest rates will continue to rise,” David Oddsson, head of the Sedlabanki and former prime minister of Iceland, said in an interview with FT Deutschland, the FT’s sister paper. Mr Oddsson believes the Se ...

Mon 10th Apr 2006 A HSBC Two-Year Fixed-Rate mortgage is among a number of new products to be introduced by the company today with rates ranging from 4.79 to 5.19 per cent depending on the pricing band. Also available are three and five-year fixed-rate offers, two-year discounts and long-term tracker mortgages. The bank has introduced three different pricing packages – fee free, st ...

Simon Lambert, This is Money10 April 2006 THE property market has continued to beat expectations despite a slight February slowdown, according to official figures. HOME RUN: House prices continued to grow year-on-year but had a slight lull in February WANT TO KNOW MORE? REPORT: Home sales are ready to roll DEAL FINDER: Best mortgage rates CALCULATOR: Mortgage affordability OTHER STORIES Home sales are ready to roll £110m VAT on homeseller packs New on the market ...

SAN FRANCISCO (Dow Jones) -- Once a nuisance to a handful of lenders, mortgage fraud has blossomed into one of the fastest-growing white-collar crimes in the country, putting innocent homeowners on the hook for overpriced houses and pushing up interest rates for all home-loan borrowers. In some cases, scammers purchase dilapidated buildings, obtain fake appraisals to inflate the value and sell  ...