“They do not disclose.
The rest is here:
US Banks, Phantom Income, Mortgages, Chapter Two
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Strict new mortgage rules will make it harder for thousands to free up cash from their homes
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.
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Home loans for repairs
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.
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Confident landlords gearing up
Professional landlords are showing signs of confidence by taking equity out of unmortgaged properties they own to expand and gear up investment potfolios.
US Banks, Phantom Income, Mortgages, Chapter Two
Mortgages and business loans falling again
Lending to home-buyers and businesses fell again last month, raising fresh concerns about Britain’s economic recovery and heaping further pressure on the banks.
Originally posted here:
Mortgages and business loans falling again
UK mortgages subdued despite jump
New figures show that UK mortgage lending bounced back to a six-month high during June.
See the rest here:
UK mortgages subdued despite jump
Banks seeking to end tracker mortgages
BANKS have been accused of trying to convince struggling homeowners to let go of cost-effective tracker mortgages when they seek help with their repayments.
Read more here:
Banks seeking to end tracker mortgages
How do lenders come up with the interest rates for mortgages?
e e in california asked:
I want to know how banks set the interest rates for mortgages. All I know is that they move up and down with the fed funds rate and discount rate (Correct me if I am wrong). Does anyone know all factors that play into the rates that lenders come with? Is there a way to calculate or give more or less weight to any one of them? Thank you.
I want to know how banks set the interest rates for mortgages. All I know is that they move up and down with the fed funds rate and discount rate (Correct me if I am wrong). Does anyone know all factors that play into the rates that lenders come with? Is there a way to calculate or give more or less weight to any one of them? Thank you.
How many US auto loans and home mortgages financed by banks are out there?
khulet asked:
I’m trying to discover the # of US home mortgages and auto loans financed by banks in the US and the average value of each type of loan. It’s for a school project.
I’m trying to discover the # of US home mortgages and auto loans financed by banks in the US and the average value of each type of loan. It’s for a school project.
Is it possible for banks to raise cash by giving discounts to people who pay their mortgages off early?
maninthemirror asked:
It seems like the banks should be required to give up some assets before getting bailed out by the government and part of the deal should include some benefit to homeowners who have tried to get ahead by paying extra so they can pay off their mortgages.
It seems like the banks should be required to give up some assets before getting bailed out by the government and part of the deal should include some benefit to homeowners who have tried to get ahead by paying extra so they can pay off their mortgages.
How can I find a seller to buy defaulted mortgages from?
Ca L asked:
I would like to buy default mortgages from banks. How can I locate a seller of these notes?
I do NOT want to buy foreclosed houses. I want to buy the mortgages from loan pools. I do NOT want specific properties. I want under-performing mortgage/note packages. Banks sell them to rid themselves of toxic loans. I would like to buy default mortgages from banks. How can I locate a seller of these notes?
I would like to buy default mortgages from banks. How can I locate a seller of these notes?
I do NOT want to buy foreclosed houses. I want to buy the mortgages from loan pools. I do NOT want specific properties. I want under-performing mortgage/note packages. Banks sell them to rid themselves of toxic loans. I would like to buy default mortgages from banks. How can I locate a seller of these notes?
what percentage of the bad loans are home mortgages?
Stephan asked:
The government is shelling out 700 billion dollars to buy the bad loans that are putting the big banks in danger. We are told that the bad loans consist mainly of unpaid mortgages (sub-primes etc). So the government is effectively buying 700 billion dollars of housing. If we estimate the price of one house between 100k$ and 350k$, then the government should be acquiring 2 to 7 million houses. That is, unless we are being misled and that these bad loans were made up of a lot more than just home mortgages…
The government is shelling out 700 billion dollars to buy the bad loans that are putting the big banks in danger. We are told that the bad loans consist mainly of unpaid mortgages (sub-primes etc). So the government is effectively buying 700 billion dollars of housing. If we estimate the price of one house between 100k$ and 350k$, then the government should be acquiring 2 to 7 million houses. That is, unless we are being misled and that these bad loans were made up of a lot more than just home mortgages…
Is the sub prime lending crises due to banks trying to unload mortgages/bussiness loans of illegal alians?
tuff2bme001 asked:
What are the major “low” lending standards that has caused the “sub prime” mortgages crises?
What are the major “low” lending standards that has caused the “sub prime” mortgages crises?
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