Mortgages News

LONDON (AFX) - European government bonds were steady, reversing earlier gains following firm US inflation data and much stronger-than-expected industrial production figures this afternoon. US headline CPI inflation rose by 0.4 pct in February, figures showed, faster than the 0.3 pct increase economists had expected, while core CPI rose as expected by 0.2 pct. Meanwhile, further data showed US ind ...

Michael Clarke, This is Money16 March 2007 Customers who have never missed payments are being told by Egg their risk-rating has changed and they must pay a much higher interest charge. BAD EGG: Egg has hiked rates for thousands of customers WANT TO KNOW MORE? CHAT: Egg's card increase TABLES: Top credit cards APPLY: Credit cards DEFAULT CHARGES: Reclaim yours POLL: How do you manage your credit cards? OTHER STORIES What you're charged overseas Debt: Caught in the pen ...

LONDON (AFX) - Leading shares remained lower midafternoon as a volatile early session on Wall Street added to weakness in energy stocks and helped to counter ongoing M&A hopes in Unilever and the tobacco sector, dealers said. At 3.30 pm, the FTSE 100 index was down 8.1 points at 6,125.1, reversing some of yesterday's gains when M&A fever pushed the index to 6,133.2 points. Volume was hea ...

BEIJING (XFN-ASIA) - The People's Bank of China (PBoC) said that it will not react to fluctuations in global markets by making any large or frequent adjustments to the structure of its foreign exchange reserves. The comment came in a central bank report issued just hours after Premier Wen Jiabao said the establishment of a new foreign exchange reserve agency will not hurt US dollar assets. &quot ...

NEW YORK (AP) - Prices for U.S. treasuries ended the Thursday mixed, held down by a fairly stable stock market. At 5 p.m. EST, the 10-year Treasury note was unchanged from its level at 5 p.m. Wednesday. Its yield held at 4.54 percent. The 30-year bond rose 4/32 point. Its yield, which moves in the opposite direction, fell to 4.69 percent from 4.70 percent. The 2-year note fell 1/32 point. Its y ...

LONDON (AFX) - Fitch Ratings said it has assigned expected ratings to Eurosail-UK 07-2 NP PLC's 585 mln stg-equivalent mortgage-backed floating rate notes due 2029 and 2045. The transaction is a securitisation of prime and near-prime residential mortgages originated and located in the UK. The ratings are as follows: - 'AAA' to 184.27 mln stg Class A1, due 2026 - 'AAA' to 134.55 mln stg Class A2 ...

One of the firms hit by woes in the US sub-prime lending market has struck a deal to sell some of its loans. Accredited Home Lenders Holding said it had agreed to pass on $2.7bn of money loaned - at a heavy discount - in order to generate some cash. There are major concerns about the US home lending market. Late mortgage payments are at a record high. And former Federal Reserve chairman Alan Greenspan said that the worries "were not a small issue". Markets knocked Sub-prime lenders provid ...

LONDON (AFX) - Fitch Ratings said it has assigned final rating of 'AAA' to Titan Europe 2006-4 Four Season PLC's issue of 425 mln stg commercial mortgage-backed floating-rate notes Class A1. The rating agency said the transaction is the securitisation of care homes owned by the Four Seasons Healthcare group, the third largest independent provider of care homes and specialist services in the UK.  ...

Simon Lambert, This is Money16 March 2007 The rapid rise of Bulgaria in overseas home hunters' hearts has led to enquiries for cash to purchase properties in the Eastern European country almost overtaking France. SKI DREAMS: The growth of popular ski resorts such as Bansko has seen Bulgaria's popularity surge - but buyers are told to tread carefully WANT TO KNOW MORE? PROPERTY ABROAD: Spain MORTGAGES: Find a remortgage deal NEWS: MEPs visit Spanish homes fight OTHER STO ...

WASHINGTON (AP) - Housing advocates on Thursday said tougher laws are needed to protect consumers from lenders pushing high-interest home loans, warning of a growing "mortgage tsunami" affecting millions of Americans, particularly in minority neighborhoods. The National Community Reinvestment Coalition, a network of 640 community groups, said federal bank regulators ignored warnings for ...