Abbey for Intermediaries has launched a new key account exclusive and has also reduced rates by up to 0.20% on its new Flexi Homebuyer and remortgage products.

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AfI launches key account exclusive and cuts rates

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New homeowners from Wood River were recognized on Wednesday after they received the $1 billionth in home loans through the USDA Rural Development program in Nebraska.

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USDA Rural Development surpasses $1 billion in home loans

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New homeowners from Wood River were recognized today after they received the $1 billionth in home loans through the USDA Rural Development program in Nebraska.

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$1B in USDA home loans

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NEW YORK — Three of the “big four” U.S. banks still have significant exposure to option-payment adjustable-rate mortgages– or option-ARMs — leftover from the subprime mortgage boom. But the prolonged low-rate environment has given borrowers a brief financial respite, and lenders are using opportunity to modify the mortgages and push homeowners into lower-risk financing.

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Mortgages Banks Are Happy to Modify

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Despite losing billions in mortgage-backed securities in the real estate bust, investors are aiming for profit from defaulted mortgages. They buy these individually or in bundles from lenders and via funds.

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Defaulted Mortgages Draw Investors Of All Sizes

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A reverse mortgage is just one option open to seniors needing extra cash in retirement.

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2 homes, 2 reverse mortgages?

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Coventry Building Society and its subsidiary company, Godiva Mortgages, have both been awarded 5 stars in the FT Adviser Online Service Awards. The Awards are an independent measure of financial services, as voted by the intermediaries who use them.Coventry 30 June 2011 Coventry Building Society and its subsidiary company, Godiva Mortgages, have both been awarded 5 stars in the FT …

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Coventry Building Society and Godiva Mortgages Awarded 5 Stars from FT Adviser Online Service Awards

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A quarter of Irish residential mortgages have been taken out to finance rental properties, and more than half are on tracker rates, Central Bank data showed today.

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Half of mortgages on tracker rates

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Reverse mortgages allow a senior — defined as someone older than 62 years old — to borrow against the equity in their home and postpone repayment until they move, sell or pass away.

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Liza Horvath, Senior Advocate: The value of reverse mortgages

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Fixed mortgage rates were mostly unchanged this week, hovering near yearly lows. The average rate on the 30-year loan held steady at 4.50 percent, Freddie Mac said. It hit 4.49 percent two weeks ago, the lowest level…

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MORTGAGES / Fixed rates hover near yearly low

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