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11/25/2008 News For:
Refinance My Second Mortgage
Paying off mortgage
Should I use my managed funds to pay off my reverse mortgage? Q. I have a reverse mortgage of around $31,000 on my home which is mortgage free apart from this loan. I have $45,000 in managed funds. Should I pay off the reverse mortgage from these managed funds?
UK mortgage approvals halved from year ago
Mortgage lending in Britain has more than halved over the past year, according to the British Banker's Association ? further evidence that the economic downturn is dramatically hurting the country's property market.
HOMES: House prices to plummet another 25% as mortgage lending dries up, Treasury warns
House prices are set to collapse by 25 per cent next year as new mortgage lending dries up completely, the Treasury has warned in the small print of the Pre-Budget Report.
Mortgage lending falls again
Mortgage lending across the UK fell again during October after the market saw a slight rebound in September, figures showed today.
Mortgage lending feels the strain
The slump in mortgage lending by the UK's biggest banks continued in October, a banking body says.
Mortgage lending down again
Mortgage lending fell again during October after the market saw a slight rebound in September, figures showed. Net mortgage lending, which strips out redemptions and repayments, was ?2.9 billion during the month, down from ?3.5 billion in September, according to the British Bankers' Association.
U.K. Mortgage Approvals, Business Investments Falter Fueling Expectations for a BoE Rate Cut
Mortgage approvals in the U.K. fell to 21,584 from a revised reading of 23,383 in September as credit conditions remain far from normal.
New mortgage lending 'to shrink'
A review panel will be set up to monitor lending as a report warns new mortgage lending could shrink in 2009.
Net mortgage lending down again
Mortgage lending fell again during October after the market saw a slight rebound in September, figures have shown. Net mortgage lending, which strips out redemptions and repayments, was ?2.9 billion during the month, down from ?3.5 billion in September, according to the British Bankers' Association.
Mortgage approvals approach record low in October
LONDON Reuters - Mortgage approvals for house purchase more than halved in October compared with a year earlier, coming with a whisker of the record low hit in August, the British Bankers' Association said on Tuesday.
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