Mortgages News

Simon Lambert, This is Money30 September 2006 What will you be doing for the next 15 years? While more adventurous characters would recoil at the thought of knowing, there are many people out there who would like the security of being able to plan the next decade-and-a-half of their lives. LOCK IT IN? First time buyers are unlikely to be tempted by the 15-year fixed rate OTHER STORIES Agents snub new customer code Brits rush to retire abroad New on the market Our
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WASHINGTON (AFX) - Leading U.S. homebuilders have been hit hard by the sharp slowdown in the once-booming real estate market. Existing home sales, new housing starts and home prices are all down from record levels. But homebuilders, government officials and private-sector economists say the impact on the economy continues to be modest and some even argue that the worst may be over. That's a risky ...

WASHINGTON (AFX) - Federal regulators directed banks on Friday to properly explain the risks posed to borrowers from interest-only and other nontraditional mortgages. The guidance was aimed at addressing the fear that consumers don't understand all the repayment risks involved in these mortgages, including rising interest rates which could greatly increase their monthly payments. The regulators  ...

WASHINGTON (Dow Jones) -- Cracking down on exotic mortgages that have exploded in popularity in recent years, U.S. regulators told banks Friday that they've got to make sure that borrowers can actually pay back the full amount of the mortgage. Exotic products, such as interest-only or payment option adjustable rate mortgages, allow borrowers to trade lower initial payments for higher payments l ...

WASHINGTON (AFX) - Federal regulators directed banks on Friday to properly explain the risks posed to borrowers from interest-only and other nontraditional mortgages. The guidance was aimed at addressing the fear that consumers don't understand all the repayment risks involved in these mortgages, including rising interest rates which could greatly increase their monthly payments. The regulators  ...

This is Money29 September 2006 Signs that the August interest rate hike may have dampened the property market were seen today as figures show that lending slowed in August. WANT TO KNOW MORE? DEAL FINDER: Cheap mortgages HOUSE PRICES: The latest GUIDES: Buying a home OTHER STORIES Agents snub new customer code Brits rush to retire abroad Our £32,000 mortgage shock Beware 'm ...

Simon Lambert, This is Money29 September 2006 Homebuyers and sellers will benefit from clearer information when a stronger code of conduct comes into force weekend – but 40% of agents are not signed up to the scheme. NEW PROTECTION: A revised code of conduct will mean more information for buyers and sellers but many agents are not signed up WANT TO KNOW MORE? REPORT: High noon for cowboy agents TIPS: Find an agent you can trust GUIDES: Homebuying and selling advice  ...

NEW YORK, NY (AFX) - Specialty finance company Resource Capital Corp. said it has sold its $775.7 million agency residential mortgage-backed securities portfolio and terminated the related interest rate swap contract. The company said Thursday it intends to redeploy about $53.3 million of equity into its growing and higher yielding commercial mortgage loan platform, allowing the company to achiev ...

By Matt Falloon LONDON (Reuters) - Mortgage lending and consumer credit rose by less than expected in August, suggesting a shock interest rate rise last month may have slightly cooled Britons' appetite for borrowing, official data shows. Mortgage approvals -- seen by many as an indicator of the future health of the housing market -- also edged back a touch for the first time since April, but analysts say the housing market remains buoyant and forecast another rate rise this year. The Bank of  ...

By Matt Falloon LONDON (Reuters) - Mortgage lending and consumer credit rose by less than expected in August, suggesting a shock interest rate rise last month may have slightly cooled Britons' appetite for borrowing, official data showed on Friday. Mortgage approvals -- seen by many as an indicator of the future health of the housing market -- also edged back a touch for the first time since April, but analysts say the housing market remains buoyant and forecast another rate rise this year. T ...