Mortgages News

Liz Phillips, Daily Mail5 December 2007 Vote | Guide Selling your home will become far more complicated next week. From December 14, all homes for sale in England and Wales must have a home information pack (HIP) costing up to £500. WANT TO KNOW MORE? Home information packs Home information packs: Q&A Home packs - no tricks and no escape POLL: What will happen to house prices in 2008? OTHER STORIES House prices see third month of falls Mortgage lenders tol ...

Hugo Duncan, Evening Standard5 December 2007, 1:30pm Reader comments (6) | Vote | Guide | Table The pound tumbled against the US dollar today as traders gambled on a cut in interest rates during a dramatic session in the City. WANT TO KNOW MORE? Halifax on house prices: Longest fall in 12 years Consumer confidence plummets Regulator warns on mortgages Interest rates: News, predictio ...

LONDON (Thomson Financial) - Wall Street is looking at a modest rebound from losses logged over the last two sessions ahead of a raft of economic reports that will provide further insight on the odds of the Federal Reserve cutting interest rates next week. According to spread bettors IG Index, the Dow Jones Industrial Average is expected to open up 14 points at 13,312. Separately, S&P 500 fut ...

(update adds UK gov't reaction) BRUSSELS (Thomson Financial) - The European Commission said under EU rules it has approved rescue aid given by the UK government to stricken mortgage lender Northern Rock PLC, but warned that any future restructuring plans would face similar scrutiny and also necessitate clearance. The commission, which received full details of rescue measures on Nov 26, said the  ...

(Updates with further comment on restructuring conditions, govt insistence on repayment) BRUSSELS (Thomson Financial) - The European Commission said it has approved under EU rules rescue aid given by the UK government to stricken mortgage lender Northern Rock PLC, but warned that any future restructuring plans would be under similar scrutiny and also necessitate clearance. The commission, which  ...

Daily Mail5 December 2007, 9:00am The US stands on the 'precipice of its first consumer recession since 1991', says one of Wall Street's most influential economists. OTHER STORIES Bank's knife-edge call in rates dilemma Market report: Wednesday latest Yesterday's trading: Carpet king's bid woes Rush to finalise Northern Rock offers Moss Bros woe puts High St in spotlight F ...

Alex Brummer, Daily Mail5 December 2007, 7:55am Vote | Table The Financial Services Authority is not given to apocalyptic warnings. Indeed, if it had sounded the alarm bells earlier this year, when it became clear that Northern Rock was expanding its mortgage lending at an unsustainable rate, up to £29bn of taxpayers' money would not have been put at risk. WANT TO KNOW MORE? Mort ...

Jonathan Prynn, Evening Standard5 December 2007 Vote | Guide | Calculate House prices have fallen for the third month in a row sparking fresh concerns about the state of the property market, Britain's biggest mortgage lender said today. WANT TO KNOW MORE? Watchdog warns on mortgages House prices to 'drop 10% in a year' Your guide to clearing the mortgage How to beat mortgage rate shoc ...

Geoff Foster,Daily Mail5 December 2007, 7:37am Problems continue to pile up for carpet king, Lord Harris of Peckham. The Nationwide Building Society reported that house prices fell 0.8% month-on-month in November, representing the biggest monthly fall since June 1995. WANT TO KNOW MORE? Newspaper and magazine share tips Share tips: Financial Mail Midas Extra OTHER STORIES Market  ...

HONG KONG (XFN-ASIA) - Share prices closed sharply higher led by China stocks and local banks on hopes that their mortgage lending business will be boosted by an anticipated US Federal Reserve interest rate cut next week. Dealers said a strong performance in the Shanghai market lifted overall sentiment towards H-shares, with airline counters outperforming on speculation that a bidding war for Chi ...