Archive for February, 2009
Washington Mutual kept mortgage payments so low, loan balances ballooned
During the great American housing bubble, many mortgage loans were made with little attention to borrowers’ ability to repay over the long term.
Union Bank cuts new home loan rate
Public sector lender Union Bank of India today reduced interest rates on new home loans by 25 to 100 basis points.
Union Bank cuts new home loan rate
Public sector lender Union Bank of India today reduced interest rates on new home loans by 25 to 100 basis points. Similarly, interest rates for new car loans were reduced by 125 to 150 basis points.
Guess What Got Lost in the Loan Pool?
Bankruptcy judges are finding that institutions claiming to hold notes backing a mortgage often cannot prove it.
Penniless granny receives $4m loan
An elderly grandmother with no known assets or income was lent $4 million by a mortgage fund company chaired by former prime minister Jim Bolger - a transaction now under investigation by the Serious Fraud Office.
Penniless granny receives $4m loan
An elderly grandmother with no known assets or income was lent $4 million by a mortgage fund company chaired by former prime minister Jim Bolger - a transaction now under investigation by the Serious Fraud Office.
Mortgage rate cuts to give us back $10b
Kiwi families will have a collective $10 billion more in their back pockets over the next three years as a result of plummeting mortgage costs, injecting even more spare cash into the economy than next month’s tax cuts.
Union Bank cuts new home loan rate
Public sector lender Union Bank of India today reduced interest rates on new home loans by 25 to 100 basis points. Similarly, interest rates for new car loans were reduced by 125 to 150 basis points.
Union Bank cuts new home loan rate
Public sector lender Union Bank of India today reduced interest rates on new home loans by 25 to 100 basis points.
Mortgage Insurance: Harder to Get
With losses mounting within the mortgage-insurance industry, some applicants for mortgage insurance are being turned away, while others will have to pay higher premiums.
