Archive for May, 2010
Banks using new rules as excuse to raise mortgage rates
Local banks have decided to raise interest rates on mortgages. Confusion reigned last week after the Bank of Israel announced stricter regulations for granting mortgages, such as requiring banks to assign higher risk levels for financing over 60% of the cost of a home.
Seller concession rules for FHA mortgages to be changed
One of the key attractions of FHA home mortgage financing is going, going, but not quite gone. Sellers and buyers who move fast can still make the most of it.
Franklin American’s Crockett built success on solid loans
Dan Crockett learned an early lesson about the risks of subprime mortgages – and it paid off.
How Do Reverse Mortgages Work, If You Have Bad Credit
The reverse mortages are home loans, which you can get despite of the fact that you have bad credit. The reason is simple: borrowers take the reverse mortgages always against their home equity, so the lender has no financial risk.
Spend the inheritance: reverse mortgages to surge
A new report shows the reverse mortgage industry grew 9 per cent last year, mainly to fund retirees’ living costs.
Mortgages: Fixed-rate mortgages continue to fall: Freddie Mac
Financial instability oversees drives fixed-rate mortgages down.
Regulator wants ‘realism’ on mortgages
The Financial Regulator has called for ‘realism’ on measures to help people in difficulty with their mortgages.
Defaults on European Commercial Mortgages to Rise, Moodys Says
May 25 — Defaults on European commercial mortgages will increase as banks restrict lending to prime properties, according to Moodys Investors Service analysts.
Banks still not serious enough on modifying mortgages
Under virtually every variation that has been tried, mortgage modifications have proved difficult, sometimes only temporary and in many cases impossible.
Commercial property troubles U.S. banks: study
The default rate for commercial mortgages held by banks in the first quarter hit its highest level since at least 1992 and is expected to surpass that by year-end and peak in 2011, according to a study by Real Capital Analytics.
