Strict tests will ensure that only homeowners who can really afford such schemes can take out equity, which have been a popular way for many to raise extra funds.
8th december 2011 The White Rose Credit union is providing interest-free home loans for vulnerable people around the district. The loans pay for essential repairs and disabled adaptations.
Professional landlords are showing signs of confidence by taking equity out of unmortgaged properties they own to expand and gear up investment potfolios.
Reverse mortgages granted in 2010 were down nearly a third from levels in 2009, due to stricter regulations and the housing slump. While some see reverse mortgages as a sophisticated tool, many say it’s only a last resort.
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Reverse mortgages harder to get. Is one right for you?
Bad news for Japan and the economy is good for borrowers as rates remain steady.
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Mortgages barely move in fragile economy
Street Sweeper’s Bill Singer has completed his monthly review of the March disciplinary cases reported by the Financial Industry Regulatory Authority. Among the usual suspects and the same-old-same-old allegations of violations are a number of interesting twists. Learn about the developing trends in Wall Street regulation — and the developing trends in Wall Street misconduct.
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PIPEs, Signatures, Mortgages, Impersonations: Wall Street’s March Regulatory Docket
Street Sweeper’s Bill Singer has completed his monthly review of the March disciplinary cases reported by the Financial Industry Regulatory Authority. Among the usual suspects and the same-old-same-old allegations of violations are a number of interesting twists. Learn about the developing trends in Wall Street regulation — and the developing trends in Wall Street misconduct.
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PIPEs, Signatures, Mortgages, Impersonations: Wall Street’s March Regulatory Docket
“They do not disclose.
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US Banks, Phantom Income, Mortgages, Chapter Two
Beleaguered Xceed Mortgage Corp. said Thursday the company will stop selling new mortgages after posting steep losses over the past year, forcing its chief executive to step down
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Xceed stops selling new mortgages
Pimco, BlackRock and the New York Fed are seeking to force the lender to repurchase soured mortgages packaged into $47 billion of bonds by its Countrywide unit
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BofA Pushed to Repurchase Mortgages
Rates on fixed-rate mortgages and the 5-year adjustable-rate mortgage drop to record lows this week.
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Mortgages: Fixed-rate mortgages, 5-year ARMs hit record lows
