Hard Money
« Previous Entries Next Entries »U.K. Bankers Shunned by Mortgage Lenders Turn to Private Banks
Thursday, March 17th, 2011April 23 (Bloomberg) — Employees in London’s financial services industry are turning to private banks for luxury home loans as the biggest mortgage lenders are deterred by limits on cash bonuses.
Mortgage Fraud Rises For Fifth Consecutive Year
Thursday, March 17th, 2011Mortgage fraud increased in the U.S. for the fifth consecutive year, according to the Appraisal Institute. The institute, an organization of 25,000 real estate appraisers, reported a 7% increase in fraud reports from 2008 to 2009. The increase was sizable but much smaller than the 20%-plus jumps the market saw each year from 2005 to [...]
One Firm Refused to Aid a Goldman C.D.O. Plan
Thursday, March 17th, 2011A little-known investment firm has found itself caught up in the Securities and Exchange Commission’s fraud case against Goldman Sachs, The Wall Street Journal reported.
U.S. Role in Mortgage Market Grows Even Larger
Wednesday, March 16th, 2011The U.S. government’s massive share of the nation’s mortgage market grew even larger during the first quarter.
Mortgage lending: tight for some
Wednesday, March 16th, 2011Today’s figures from the Bank of England show that mortgage lending is still very depressed. In March net mortgage lending, at a mere £318m, was actually lower than unsecured lending (£325m). This is only the fourth month this has happened since records began in 1993. In 2006-07, mortgage lending averaged £9.13bn a month, eight times [...]
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