The Guardian (Free subscription) | 6 hours ago
The mortgage market will come to a standstill next year unless the government takes further action to help banks and building societies, the Council of Mortgage Lenders (CML) said today. Director general, Michael Coogan, raised the prospect of "mortgage rationing" as he admitted the government's demand for mortgage lending to return to 2007 levels could not be achieved....
Fool.com (Free subscription) | 6 hours ago
Recs4 If you were hoping to find out what Treasury Secretary Hank Paulson thinks about the mortgage market, I can’t help you -- I was referring to a different Paulson. Not to worry, though; “my” Paulson -- whose first name is John -- is a more credible authority in this area. A hedge fund manager who is no relation to the Treasury Secretary, he has an impeccable track record of successful...
New Zealand Herald (Free subscription) | yesterday
BRITAIN - The British housing slump seems set to worsen after official figures revealed yesterday that mortgage lending dived by nearly 70 per cent in October. The Bank of England's latest report on the mortgage market revealed...
Reverse Mortgage Daily (Free subscription) | yesterday
Last week the Economist’s Free Exchange Blog wrote about reverse mortgages in Reversing insecurity. The post covers how the reverse mortgage business is the once aspect of the mortgage market that continues to thrive. Besides the fact the Economist is quoting a Boston College research paper from 2006, it’s a positive piece. The writer [...]
The Independent (Free subscription) | yesterday
The housing slump seems set to worsen after official figures revealed yesterday that mortgage lending dived by nearly 70 per cent in October. The Bank of England's latest report on the mortgage market revealed that net lending on homes, which strips out redemptions and repayments, reached just £459m during the month, the second lowest figure recorded by the Bank of England since...
Reuters UK (Free subscription) | 5 hours ago
LONDON (Reuters) - UK mortgage lending in 2009 will remain below 2007 levels, despite government pressure on banks to match last year's lending volumes, the head of Britain's mortgage industry association said on Tuesday.
Turkish Property Financing (Free subscription) | 30/11/2008
The US Federal Reserve has announced it is allocating an extra USD600 billion (GBP393 billion) in a bid to raise the level of liquidity in the mortgage markets. It announced that USD100 billion will be spent very soon on buying up obligations of government sponsored mortgage enterprises Fannie Mae and Freddie Mac in a series of competitive auctions.... Read More... [Source: Global...
The Telegraph (Free subscription) | 01/12/2008
Thenumber of mortgages given out to home owners fell in October to match their lowest level since records began a decade ago.
Reverse Mortgage Daily (Free subscription) | 01/12/2008
Last week AllRegs announced the release of its new Think Reveres Practical Guide. The guide is based on the book written by Atare E. Agbamu and is designed for originators, servicers, and investors in the mortgage business. "The popularity of the reverse mortgage market is growing, and to get into this sector of the business, [...]
The Telegraph (Free subscription) | 01/12/2008
Royal Bank of Scotland has been accused of orchestrating a "PR stunt" after announcing it would give struggling mortgage customers' more breathing space in a move that experts warn will make little difference to the number of homes seized.
NO QUARTER (Free subscription) | 30/11/2008
Don’t miss my second radio show tonight at 8:00 p.m. ET, with guest moderator Nocturnal Warrior. Tonight’s promo info: Get an hour’s worth of common sense about the economy, the markets, Wall Street and Main Street with “LD,” a Wall St. veteran and NoQuarterUSA blog’s financial whiz. Call in Sunday night, 8 p.m. ET (347-677-0792) to [...]
Detroit Free Press (Free subscription) | 01/12/2008
... to RealtyTrac. You can’t go a day without hearing in the news about the demise of the subprime mortgage market and the negative effect it’s having on the economy, both here in Michigan and across the nation.We can’t wait for Washington to act. So far, all the federal government has done is bail out the same Wall Street power brokers and special interests that got us into this mess....
The Guardian (Free subscription) | 01/12/2008
RBS, which also owns NatWest, will wait until homeowners are at least six months in arrears - double the time first asked for by the government - before beginning repossession proceedings. The measure will provide breathing space to thousands of troubled mortgage holders. RBS and NatWest control about 7% of the UK's mortgage market, and the move comes days after the government...
Metro.co.uk (Free subscription) | 28/11/2008
Mortgage lenders have been warned to treat customers in arrears fairly or face action from their regulator.
Liverpool Daily Post.co.uk (Free subscription) | 26/11/2008
THE Government was called on to take steps urgently to ease the problems in the mortgage market following warnings the funding shortage could cause the housing market correction to overshoot.
