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UK mortgage lending slumps to record low Mortgage lending in the UK halved during August and the number of loans approved for house purchase slumped to a new record low, figures showed today.
UK Mortgage Approvals Fall Sharply In August - BBA RTTNews - UK's mortgage approvals for house purchases decreased 64% in August from the previous year to 21,086 units from July's 22,239, the British Bankers' Association announced Tuesday. Meanwhile, remortgaging slid nearly 28% annually to reach 47,765, the lowest since early 2001.
First Trust/FIDAC Mortgage Income Fund Declares Monthly Common Share Distribution for October of $0.11 Per Share LISLE, Ill.----First Trust/FIDAC Mortgage Income Fund today declared the Fund's regularly scheduled monthly distribution payable on October 15, 2008 to shareholders of record as of October 3, 2008, with an expected ex-dividend date of October 1, 2008.
The ��12bn (���15bn) merger of UK mortgage lender HBOS with its larger rival Lloyds TSB, announced last week, may lead to ... The ��12bn ���15bn merger of UK mortgage lender HBOS with its larger rival Lloyds TSB, announced last week, may lead to the sale of Lloyds' insurance subsidiary Scottish Widows, according to analysts at UBS.
Mortgage approvals 'at new low' UK mortgage lending by banks fell to a new low in August, with approvals for house purchases 64% lower than a year ago.
Down-payment demands rise as mortgage rates drop The government takeover of Fannie Mae and Freddie Mac has sent mortgage rates tumbling, but many lenders last week also raised the minimum down payment they'll allow on a loan.
(AFX UK Focus) 2008-09-23 10:39 UPDATE 1-UK mortgage approvals hit record low in Aug-BBA LONDON, Sept 23 Reuters - British mortgage approvals fell 64 percent on the year to a record low in August, the British Bankers' Association said on Tuesday, suggesting no end was in sight for the country's housing market woes.
(AFX UK Focus) 2008-09-23 09:52 UK mortgage approvals hit record low in Aug-BBA LONDON, Sept 23 Reuters - British mortgage approvals for house purchase fell to a record low in August, down 64 percent on a year ago, the British Bankers' Association said on Tuesday, highlighting continued strains in the housing sector. The BBA said mortgage approvals totalled 21,086 last month. That compared with 22,239 in July and was more than 12,000 below the average of the previous six ...
(AFX UK Focus) 2008-09-23 09:55 TABLE-Breakdown of UK August mortgage lending-BBA LONDON, Sept 23 Reuters - The number of mortgage approvals for house purchase fell to a record low of 21,086 in August from 22,239 in July, figures from the British Bankers' Association showed on Tuesday.
7.5 million spend at least half their income on housing MIAMI . Al Ray is so strapped for cash, the only time he eats out is Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents. Ray lost his engineering job last November, and he has been working as a high school tutor, scratching out about $1,000 a month . if he's lucky. He struggled to make his $1,400 monthly mortgage payment and $330 monthly homeowners' association ...
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