ONE IN every 25 Irish residential mortgage holders is more than three months in arrears on repayments, according to figures published yesterday by the financial regulator. And almost 22,000 people are struggling with arrears of more than six months on their home loans.
However, the number of repossessions and court proceedings against homeowners fell in the [...]
Posts Tagged ‘us central bank’
One in 25 mortgage holder in arrears
May 28th, 2010 by Mortgage Writer
Tags: economy, financial, financial crisis, home loans, homeowners, housing market, mortgage, real estate, us central bank, US Economy
more...Fed’s Hoenig: zero-rate pledge invites speculation
March 2nd, 2010 by Mortgage Writer
A senior Federal Reserve official said on Tuesday that an extended period of ultra-low U.S. interest rates invites speculative behavior and is risky.
“When you have zero rates that go on indefinitely, you are inviting future problems,” Kansas City Federal Reserve Bank President Thomas Hoenig told CNBC television in an interview.
“We know that zero is non-sustainable [...]
Tags: fed, federal reserve, us central bank, us interest rates, us unemployment rate, zero rate
Fatal error: Cannot redeclare pagenavi_textdomain() (previously declared in /home/mortlast/public_html/wp-content/themes/front-page/wp-pagenavi.php:34) in /home/mortlast/public_html/wp-content/themes/front-page/wp-pagenavi.php on line 35