Mortgages News

(Updating with more details on main businesses, products) BASEL (AFX) - UBS AG reported a better-than-expected second quarter net profit of 3.147 bln sfr, up from 2.147 bln one year ago, citing a high level of invested assets and record underwriting fees. Analysts polled by AFX News had forecast a second quarter net profit of 2.521-3.036 bln sfr or 2.706 bln on average. The Swiss banking group  ...

Sally Hamilton, Mail on Sunday15 August 2006 THE moment of truth arrives in thousands of households this week and nerves are strained to snapping point. A-level results will be published and, depending on grades, school-leavers will choose their universities for the autumn. MAJOR CHORE: Fleur Starkey found it was far from simple when she attempted to pay off her loan all at once OTHER STORIES Risk to 3m HSBC web accounts Bonds rise on back of base rate Mergers mean a ...

HONG KONG (XFN-ASIA) - Share prices were flat in early trade on caution ahead of key inflation data in the US and earnings results this week by companies such as China Mobile, dealers said. At 10.25 am, the Hang Seng Index was down 1.69 points at 17,288.32, off a low of 17,272.31 and high of 17,292.51. Turnover was 3.04 bln hkd. "There is virtually no good news to perk up activity in the m ...

NEW YORK (Dow Jones) -- Amid concerns about the housing market and consumers, Washington Mutual and Wells Fargo on Monday said they remain confident enough about credit quality to boost their offerings of riskier loans such as subprime mortgages and home equity loans or to seek new credit card business. Speaking at a corporate banking conference hosted by Keefe, Bruyette & Woods in Kohler,  ...

BOSTON (Dow Jones) -- Mills Corp., a real estate investment trust which is the focus of a regulatory investigation into its accounting practices, early Monday said it is selling its interest in three foreign retail properties for about $ 981 million to Canadian real estate firm Ivanhoe Cambridge. Mills (MLS) , which last week said accounting errors would reduce net income by $210 million going  ...

Mon 14th Aug 2006 Hampton International Mortgages has called for the Annual Percentage Rate (APR) on all mortgage products to be scrapped, according to latest reports. This announcement comes after the Halifax said it had joined the likes of Nationwide, Woolwich and Northern Rock in offering new rates to existing clients, reports Mortgage Introducer. APRs are used to give an indication  ...

Michael Clarke, This is Money14 August 2006 NEARLY one in 30 people will be a millionaire by 2020, with rising house prices and stock markets fuelling the growth. WANT TO KNOW MORE? BLOG: Richard Dyson wants to meet these millionaires POWER PORTFOLIO: Manage your wealth MORTGAGES & HOMES: How much is your house worth? OTHER STORIES Air chaos to cost BA £50m £25m  ...

(Adds further details) LONDON (AFX) - House price inflation in the UK dropped in June, largely because of a modest slowdown in the pace of growth in London, government figures showed today. The Department for communities and Local Government said the average average house price in the UK in June, on an unadjusted basis, stood at 190,883 stg, up from 190,065 stg in May. That means annual house p ...

Jo Thornhill, Mail on Sunday13 August 2006 ABBEY is still failing to resolve its endowments crisis, 15 months after the bank was fined £800,000 by the Financial Services Authority for its poor performance in handling mis-selling complaints. FRUSTRATED: Vincent and Amanda Riggs are still waiting for their Abbey claim to be decided WANT TO KNOW MORE? REPORT: Endowment claims costs double to £2bn GUIDES: Making an endowment claim BLOG: Endowments - clear as mud  ...