Mortgages News

Daily Mail8 December 2008 Homeowners will be forced to compile home information packs before they can put their property on the market, the Government revealed today. Inspected: Home information packs will need to be compiled before a property goes on the market from April WANT TO KNOW MORE? What to do with a mortgage windfall Just one in six buyers see Hips OTHER STORIES What to do with a mortgage windfall HSBC: More mortgages and a 3.5% rate How to stop mortga ...

WASHINGTON, Dec 8 (Reuters) - Recent data suggests that many borrowers who received help with mortgage modifications earlier this year tended to re-default on their payments, a top U.S. banking regulator said on Monday. "The results, I confess, were somewhat surprising, and not in a good way," said John Dugan, head of the U.S. Office of the Comptroller of the Currency, in prepare ...

Simon Lambert, This is Money8 December 2008 Reader comments (5) | Calculate Banking giant HSBC has revealed a plan to increase UK mortgage lending by a fifth, as it launches tracker rates as low as 3.49% through its First Direct arm. Pledge: HSBC has said it will raise its mortgage lending WANT TO KNOW MORE? Has your mortgage rate been cut? What to do with a mortgage windfall OTHER STORIES What to do with a mortgage windfall How to stop mortgage collar strangling y ...

HSBC is proposing to increase its mortgage lending by 20% in 2009, making up to £15 billion available to UK homebuyers and remortgagers, in total. The bank, which also provides home loans via its online brand, First Direct, has been less affected by the credit crisis than some of its High Street rivals because of its focus on emerging markets. It now seems keen gain a greater share of the UK mortgage market, having lent £7.8 billion in 2007, £12.8 billion in 2008 and potentially £15 billion ne ...

WASHINGTON, Dec 8 (Reuters) - Recent data suggests that many borrowers who received help with mortgage modifications earlier this year tended to re-default on their payments, a top U.S. banking regulator said on Monday. "The results, I confess, were somewhat surprising, and not in a good way," John Dugan, head of the U.S. Office of the Comptroller of the Currency, said in prepare ...

By Ellen Freilich NEW YORK, Dec 8 (Reuters) - Long-dated U.S. Treasuries rose on Monday on mortgage-related buying and prospective Federal Reserve purchases, while shorter-term Treasuries were flat to lower as stock rallies sapped safe-haven bids for U.S. government debt. "The bond rally got new life last week from (Fed Chairman Ben) Bernanke's comments that the Fed would buy longer-term Tr ...

Evening Standard8 December 2008, 2:57pm Shares surged today amid hopes for a big US economic stimulus package that would help the global economy. Better day: UK markets jumped on US news WANT TO KNOW MORE? Stock market report: Monday latest Deal activity 'may fall by 30% in 2009' OTHER STORIES Probe call on secret deals by Carphone boss Stock market report: Monday latest Sunday newspaper share tips Whitbread's a warm order in the crunch HBOS gears up for crucia ...

Nick Goodway, Evening Standard8 December 2008, 9:32am Data Pressure was growing on City watchdog the Financial Services Authority to launch a full-scale investigation into how Carphone Warehouse founder David Ross failed to disclose he had pledged millions of pounds of shares against personal loans. In the dark: David Ross failed to tell his board about £130m shares agreement WANT TO KNOW MORE? David Ross: Portfolio tumbled by £200m Carphone considers spinning ...

Philip Scott, This is Money8 December 2008 Vote | Quiz | Calculate The UK's economic slump looks set to get Britons saving and a knock-impact could be a dive in sales this Christmas. Christmas sales: But will income hungry savers shy away from the High Street's best deals? WANT TO KNOW MORE? Best savings rates QUIZ: Money savers POLL: How much do you have in savings accounts? OTHER STORIES Stampede as savers hunt for best deals Regulator to broaden banking power ...

OSLO, Dec 8 (Reuters) - Norway's central bank allotted on Monday 10 billion Norwegian crowns ($1.40 billion) in treasury bills under a rescue package that allow banks to swap mortgage-backed bonds for government securities. The minimum bid price was 5.23 percent, which was the average of the Norwegian interbank rate over the past five trading days plus 20 basis points, as announced earlier ...