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11/25/2008 News For:

Refinance Philadelphia Mortgage

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.

Mortgage lending feels the strain  The slump in mortgage lending by the UK's biggest banks continued in October, a banking body says.

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.

Freddie Mac plunges into mortgage-backed securities market  The company's purchase of $27 billion worth of the debt instruments helps keep home loan rates steady but doesn't lower them. Freddie Mac increased its support for the nation's ailing home loan market in October, in part playing the role the government had in mind when it seized the mortgage loan giant.

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. The number of new home mortgages approved...

Mortgage lending down more than 50%  Mortgage lending for new houses by the UK's biggest banks has more than halved over the past year, new figures from the British Banking Association BBA show.

Bailout could help those behind on mortgage  The government's multibillion-dollar bailout of Citigroup Inc. requires the giant financial services company to lower loan rates for struggling home buyers who are behind on their mortgage payments.

Mortgage approvals approach record low in October  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.

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 approvals halve in a year  Mortgage approvals fell by more than half from a year earlier in October, according to data from the British Bankers? Association, which underlined the extreme pressure on the housing market.