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 [...]
Mortgage loan modification and credit scores
Wednesday, March 16th, 2011A mortgage loan modification can prevent foreclosure but inevitably will damage your credit.
Wells Fargo Mortgage Modification Options For Lower Mortgage Payments
Wednesday, March 16th, 2011Wells Fargo homeowners may be able to obtain a mortgage modification in order to get a lower mortgage payment on their home. Many homeowners need a lower home loan payment in order to make ends meet since various individuals are still struggling financially due to a variety of economic factors.
Mortgage rates rise slightly but remain near record lows
Wednesday, March 16th, 2011Lenders are offering an average rate of 4.75% for a 30-year fixed mortgage, up from 4.72% last week, Freddie Mac says.
Private Lenders to Keep 5 Percent of Risk Under New U.S. Rules
Wednesday, March 16th, 2011Private lenders will be required to keep at least a 5 percent stake in loans they package and sell under an agreement reached by House and Senate lawmakers who are negotiating the financial-regulatory bill.
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