Sharp fall in equity release by home owners (Independent)
The amount of money withdrawn from the equity in people's homes has reduced by almost two-thirds the past year, as the credit crunch has forced banks and building societies to tighten their lending criteria. >>
Home-equity loans harder to come by (The Sarasota Herald-Tribune)
Q:My wife and I bought our first home in November of last year. We paid $600,000 for the house and put 20 percent down so the mortgage is for $480,000. I've heard that opening a line of credit on the house is a good idea in case of an emergency. >>
Kiwibank cuts home loan rates (Otago Daily Times)
Kiwibank has cut around a quarter of a percentage point off its three-year fixed rate mortgage, as it looks to cash in on home owners refixing loans coming due for renewal. >>
All-In-One Mortgage A Good Option For Thrifty Buyers (Investopedia)
Do you want to own your own home, but don't want to drain your entire savings in order to accomplish this? You may want to consider an all-in-one mortgage. >>
NAACP discrimination suit names out-of-state home lenders (The Greenville News)
All defendants in a lawsuit by the NAACP alleging that mortgage lenders have racially discriminated against thousands of black people in South Carolina are out-of-state lenders, said Lloyd Hendrix, president and chief executive of the South Carolina Bankers Association. >>
Home Equity Basics (Carteret County News-Times)
(ARA) - Purchasing a home is a huge event in anyone's life. It's an investment that, over time, will yield you a significant profit. As the years progress, the value of your home will increase. >>
Home equity delinquencies add to economic heartache (The Desert Sun)
The troubled economy is leaving consumers with increasingly tough decisions about which debts to pay first, and in some cases, which to pay at all. >>
Australia in 'mortgage recession' (The West Australian)
Sales of mortgages continue to fall, prompting Australia's biggest mortgage broker to declare the nation is in a "mortgage recession". Australian Finance Group (AFG) says a count of mortgages brokered by its nationwide network fell sharply in June. >>
CIT shares jump on deal to shed mortgage assets (Reuters)
NEW YORK (Reuters) - CIT Group Inc said on Tuesday it agreed to sell nearly $10 billion of mortgage assets, in a deal that removes problem loans from the commercial lender's balance sheet and lifted its shares 14 percent in premarket trading. >>
The Death Of The 100% Mortgage (The Motley Fool)
In February, thirteen different mortgage lenders offered 100% home loans. Today, these loans have died out. This will have a nasty effect on house prices. >>
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NAACP discrimination suit names out-of-state home lenders (The Greenville News)
All defendants in a lawsuit by the NAACP alleging that mortgage lenders have racially discriminated against thousands of black people in South Carolina are out-of-state lenders, said Lloyd Hendrix, president and chief executive of the South Carolina Bankers Association. >>
Kiwibank cuts home loan rates (Otago Daily Times)
Kiwibank has cut around a quarter of a percentage point off its three-year fixed rate mortgage, as it looks to cash in on home owners refixing loans coming due for renewal. >>
The Death Of The 100% Mortgage (The Motley Fool)
In February, thirteen different mortgage lenders offered 100% home loans. Today, these loans have died out. This will have a nasty effect on house prices. >>
Home-equity loans harder to come by (The Sarasota Herald-Tribune)
Q:My wife and I bought our first home in November of last year. We paid $600,000 for the house and put 20 percent down so the mortgage is for $480,000. I've heard that opening a line of credit on the house is a good idea in case of an emergency. >>
Australia in 'mortgage recession' (The West Australian)
Sales of mortgages continue to fall, prompting Australia's biggest mortgage broker to declare the nation is in a "mortgage recession". Australian Finance Group (AFG) says a count of mortgages brokered by its nationwide network fell sharply in June. >>
CIT shares jump on deal to shed mortgage assets (Reuters)
NEW YORK (Reuters) - CIT Group Inc said on Tuesday it agreed to sell nearly $10 billion of mortgage assets, in a deal that removes problem loans from the commercial lender's balance sheet and lifted its shares 14 percent in premarket trading. >>
Sharp fall in equity release by home owners (Independent)
The amount of money withdrawn from the equity in people's homes has reduced by almost two-thirds the past year, as the credit crunch has forced banks and building societies to tighten their lending criteria. >>
All-In-One Mortgage A Good Option For Thrifty Buyers (Investopedia)
Do you want to own your own home, but don't want to drain your entire savings in order to accomplish this? You may want to consider an all-in-one mortgage. >>
Home Equity Basics (Carteret County News-Times)
(ARA) - Purchasing a home is a huge event in anyone's life. It's an investment that, over time, will yield you a significant profit. As the years progress, the value of your home will increase. >>
Home equity delinquencies add to economic heartache (The Desert Sun)
The troubled economy is leaving consumers with increasingly tough decisions about which debts to pay first, and in some cases, which to pay at all. >>
