Mortgage News

Growth in mortgage lending dropped below ten per cent for the first time in 21 years in July.

Banks borrowed more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms passed for the fourth straight week.

Consumer spending slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of $93 billion in economic stimulus payments.

Borrowers who take out government-insured mortgages will have to pay higher fees under new rules announced this week.

Bank of China, the country's third largest bank by assets, posted a 42.78 percent growth in first-half net profit, the only domestic listed bank reporting a profit growth below 50 percent.

Councils could get help to buy repossessed and unsold properties under new plans to be announced by the Government, it has been reported.

Abbey has become the latest lender to announce it was cutting its mortgage rates in a further sign that competition is returning to the market.

Barack Obama is accepting the Democratic nomination Thursday night with a lofty vision for the nation's future that is far easier to articulate than to accomplish.

's new laws that take effect Thursday: CAMPAIGN MONEY Repeals the state's campaign contribution limits, thus allowing candidates to receive large donations for the November elections.

Bankruptcies in Pennsylvania shot up more than 10 percent over the past year, as a vicious mix of stagnant hiring, mounting credit card debt and rising mortgage payments spurred financial struggles.

House prices continued to fall in August, recording a double digit year-on-year fall for the first time since the 1990s.

There were growing fears today that taxpayers could end up paying even more for troubled bank Northern Rock after it was revealed it was suffering from high default rates.

A report from the top regulator of U.S. thrifts on Wednesday offered the latest indication that banks' struggles with the housing downturn are far from over, and that several more financial institutions will ...

By ALAN ZIBEL WASHINGTON - Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less ...

Published by Jon Land for 24dash.com in Housing Wednesday 27th August 2008 - 2:05pm Housing associations 'integral' to Lib Dem mortgage rescue plans The Liberal Democrats today unveiled proposals to help ...

U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans.

Middle-class families have the biggest debts in the country with many borrowers owing more than 50,000, a study reveals.

John McCain adviser Carly Fiorina is offering a new defense of the Republican candidate's ownership of multiple homes , suggesting that it is due to his hard work rather than his wife's money.

Housing advocates say mortgage financers Fannie Mae and Freddie Mac are overreacting to a New York law the companies say creates new legal liabilities for investors who buy subprime loans.

The government says U.S. banking profits fell 86 percent in the second quarter, while the number of troubled banks rose to the highest level in about five years.