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.
Arizona No. 4 for mortgage fraud
Thursday, March 17th, 2011Arizona now ranks fourth for mortgage fraud nationally. It’s the first time the state has cracked the top five for the problem, according to data released this week from the Mortgage Asset Research Institute.
Mortgage Advance Boost For First-Time Buyers
Wednesday, March 16th, 2011Mortgage Default Rates Lower as Consumers Choose Property Over Plastic
Wednesday, March 16th, 2011The monthly default rates for first and second mortgages fell in April, but climbed for bank card loans for the third consecutive month, according to the latest data from credit-rating agency Standard & Poor’s and national credit bureau Experian.
Nationwide Home Loans Fall 37% on Contracting British Market
Wednesday, March 16th, 2011Nationwide Building Society, the U.K.’s largest customer-owned lender, said gross residential mortgage lending dropped 37 percent to 12 billion pounds ($17.2 billion) in the last fiscal year as housing transactions slumped.
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