Mortgage News

Christchurch earthquake victims offered financial relief

12:57:04 | 07/09/2010 - Source: The Star Canterbury

New Zealand's major banks have unveiled a raft of relief packages to ease some of the financial burden on Cantabrians following Saturday's massive earthquake.

Be flexible with earthquake victims, English tells IRD, banks

08:41:40 | 07/09/2010 - Source: The Star Canterbury

Finance Minister Bill English has asked banks and the Inland Revenue Department to be flexible to help businesses stay afloat and still be able to pay wages in the aftermath of the Canterbury earthquake.

1% Of Banking Giants Control Banking Industry | Problem Bank List

06:00:42 | 07/09/2010 - Source:

September 7, 2010 - A small handful of 105 banking giants with assets of over $10 billion represent only 1.3% of total banks yet account for 78% of industry assets. Whether or not the small banks still in business can compete and survive against the mega banks remains an open...

Mortgage Market Recovers

04:32:10 | 07/09/2010 - Source: The St. Petersburg Times

Russians are once again turning to mortgages to purchase homes, borrowing an impressive 155.3 billion rubles in the first half of 2010 - the vast majority of it in the national currency.

Caroline Baum: Monetarists follow Friedman to grave

00:17:31 | 07/09/2010 - Source: Ralston Recorder

Johnson Sash & Door Johnson Sash & Door is a family owned and operated Window and Door Company that has been doing business in the Omaha area since 1932.

Locking in a mortgage rate

20:02:44 | 06/09/2010 - Source: Detnews.com - Money

When is the timing right to lock in your mortgage rate? With a rate lock, lenders are obligated to offer a home loan at an agreed-upon rate regardless of whether mortgage rates have changed between the time of the loan approval and the closing date.

eBay auction 'last resort' to get a house

15:53:26 | 06/09/2010 - Source: Oxford Times

A FATHER auctioned invitations to a barbecue at his dream home for A 20,000 - " to raise the money he needs to buy it.

Debt advisors worried at number of mortgages frozen by creditors

11:43:42 | 06/09/2010 - Source: Irish Examiner

Debt advisors are becoming increasingly alarmed at the number of lenders using judgement mortgages to recover unsecured personal debt.

New rules may raise mortgage rate

07:34:09 | 06/09/2010 - Source: The Age

BANKS may inflict higher mortgage rates on borrowers to offset the costs of new liquidity rules that are tipped to drive up the price of the safest financial assets.

Randy McClain: Record-low mortgage rates spur refinancing

03:19:57 | 06/09/2010 - Source: The Tennessean

Rock-bottom rates on mortgage loans have ignited another wave of refinancing by consumers in recent weeks, including a lot more folks opting for 15-year fixed loans for the first time.

At least we can now identify the next scam

23:05:07 | 05/09/2010 - Source: Manawatu Evening Standard

What just happened? At the time, all we knew was the world economy was about to disappear down the toilet.

Stimulus pumps nearly $5 million into neighborhoods

19:00:33 | 05/09/2010 - Source: Herald-Bulletin

To see how stimulus dollars are changing neighborhoods in Anderson, drive down Sheridan Street, and the vicinity near Allen Chapel AME Church and Sherman Street Church of God north of Dr.

Uncertainty surrounds rate announcement; markets try to counter September effect

14:56:11 | 05/09/2010 - Source: Coast Reporter

The Canadian dollar could be in for some volatility this coming week as the Bank of Canada comes out with its latest announcement on interest rates Wednesday.

Change in repossession law could impact on mortgage fees for firms

10:46:08 | 05/09/2010 - Source: Scotsman.com Business - Business

BUSINESSES looking for commercial mortgages could face higher fees after a change in the law will make it harder for lenders to repossess property without a court case, a senior lawyer has warned.

Underwater mortgages: Saving your home from financial floods

06:47:03 | 05/09/2010 - Source: Sandusky Register

Many local residents have found themselves in underwater mortgages, which means that a homeowner owes more debt on a house than what it's worth.