UK housing market then and now
Thursday, March 17th, 2011In April, the year-on-year increase in house prices returned to double figures for the first time since June 2007, the Nationwide Building Society has said.
Prosecutors comb through Wall Street’s mortgage deals
Wednesday, March 16th, 2011Wall Street’s biggest banks are facing a new legal onslaught, as regulators and state and federal prosecutors pore over their activities in the mortgage market in the run-up to the credit crisis.
Bank of America Becomes Largest Mortgage Servicer to Join HOPE LoanPort
Wednesday, March 16th, 2011HOPE LoanPort(TM), the groundbreaking new web-based housing counselor tool that streamlines submission of completed loan modification applications, announced today that Bank of America, the nation’s largest mortgage servicer, has agreed to use its proprietary technology to partner with non-profit housing counselors to assist homeowners with loan modifications.
Factors and Variables Influencing Mortgage Finance
Wednesday, March 16th, 2011Properties are secured under mortgage to oblige the borrower to make a predetermined succession of loan payments. A borrower can obtain mortgage finance to from a financial institution like banks. Components like loan size, loan maturity, interest rate and loan payment method differs significantly from one creditor to another.
Mortgage Approval Rise Shows ‘Stable Market’
Wednesday, March 16th, 2011Mortgage approvals hit their highest level of 2010 last month, according to the British Bankers Association.
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