Mortgage and Financial News From 2008-9-29 Page 13
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Local experts offer tips for boosting credit scores (Belleville News-Democrat)
The days of buying a house --credit score unseen --are over.
2008-09-29 01:11:24 -
U.K. House Prices Fall the Most Since at Least 2001 (Update1) - Bloomberg
Sept. 29 (Bloomberg) -- U.K. house prices fell by the most in at least seven years in September as the global financial crisis choked off mortgage lending, Hometrack Ltd. said. The average cost of a residential property in England and Wales slipped 6 ...
2008-09-29 02:16:00 -
Mortgage Approvals At Record Low - Sky.com
Approvals for new home loans in Britain fell to a series low in August while mortgage lending slowed to a near standstill, the Bank of England says. If you want to track a story, you need to log in to the Sky News website. A Sky News account will ...
2008-09-29 01:47:00 -
Sharp fall in UK mortgage lending - Financial Times
The number of mortgages for new house purchases in August fell to a record low of 32,000 while re-mortgaging activity has also slowed sharply, according to new data on Monday from the Bank of England. Alan Clarke, economist at BNP Paribas, noted that ...
2008-09-29 02:23:00 -
Net mortgage lending collapses in August - Reuters UK
LONDON (Reuters) - Net mortgage lending collapsed in August and approvals for new home loans fell to a series low, figures from the Bank of England showed on Monday. Net mortgage lending was a mere two percent of the level seen in August 2007, down ...
2008-09-29 02:16:00 -
Mortgage lending plummets to record low - Guardian Unlimited
The value of new mortgage lending plummeted in August, figures showed today, with falling confidence in the housing market and the continuing squeeze on credit taking their toll. The Bank of England said net mortgage lending - the value of loans ...
2008-09-29 02:23:00 -
Bradford & Bingley Is Seized; Santander Buys Branches (Update2) - Bloomberg
Sept. 29 (Bloomberg) -- Bradford & Bingley Plc , the U.K.'s biggest lender to landlords, was seized by the government after the credit crisis shut off funding and competitors refused to buy mortgage loans that customers are struggling to repay. Banco ...
2008-09-29 01:25:00 -
UK government nationalizes Bradford & Bingley - Boston Globe
LONDON— The British government is nationalizing troubled mortgage lender Bradford & Bingley, the Treasury confirmed Monday, taking over the bank's 50 billion pound ($91 billion) mortgage and loan books. The move is intended to preserve the country ...
2008-09-29 01:25:00 -
Historic $700 billion bailout deal reached (The Morning Call)
Questions remain as Congress votes on legislation this week In the short run, congressional leaders have achieved their goal of producing an agreement Sunday on a federal bailout of banks and other financial institutions holding bad mortgage debts before the world's stock markets reopened.
2008-09-29 02:49:26 -
(AFX UK Focus) 2008-09-29 10:25 TFN NEWS BRIEFING: Macroeconomics highlights to 10:10 BST (Interactive Investor)
2008-09-29 10:06:44 ECB's Kranjec backs rescue of Fortis
2008-09-29 02:50:46 -
Fears of more bailouts drive down shares (International Herald Tribune)
European stocks tumbled Monday, after sharp declines in Asia, following more bank takeovers this weekend and as a U.S. rescue plan failed to kick-start inter-bank lending.
2008-09-29 02:51:41 -
Bradford & Bingley to be nationalised (Mad.co.uk)
The Government has confirmed that mortgage lender Bradford & Bingley will follow Northern Rock into nationalisation, with shares in the company suspended this morning (September 29).
2008-09-29 02:52:28 -
Bush, Congress Agree On Massive Bailout Plan (WCVB Boston)
After a week of negotiations, Congressional leaders and the White House have reluctantly agreed on a rescue line for Wall Street.
2008-09-29 02:52:36 -
Loans Are Available, But Harder To Get - Investors Business Daily
Think the credit crisis, spawned by the implosion of mortgage-backed securities, means that home loans are out of reach? Think again. You can still get a loan to buy a home or refinance an existing mortgage. But in some cases it's harder, and it's ...
2008-09-25 05:58:00 -
Mortgage banking 101 - Culpeper Star Exponent
Carol Coleman has never seen anything like it in her 30-some years in the mortgage business. “This week has been a rollercoaster with rates,” said the branch manager at Mason Dixon Funding, a correspondent lender in Culpeper. “On Tuesday, I ...
2008-09-27 09:30:00