Archive for November, 2009
Westpac raises home loan rate by 45bps
Australia’s second biggest home loan lender Westpac raised its standard variable lending rate by almost double the amount of the central bank’s increase.
Treasury to increase pressure on mortgage industry
The Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help at-risk borrowers.
Westpac Banking Raises Standard Variable Home Loan Rate 45 BPS
Dec. 1 — Westpac Banking Corp.
More consumers late on auto loan payments in 3Q
More people were late with their auto loan payments in the third quarter as job losses continued, but amid rising delinquencies there are positive signs for the economy in certain states.
Obama administration steps up pressure on mortgage lenders
Under new requirements to help prevent foreclosures, banks and other mortgage lenders could face fines if they lag in converting temporary home loan modifications into permanent changes by year’s end. With rising foreclosures still threatening the economy, the Obama administration is trying to pump new life into its much-criticized program to lower payments for homeowners at risk of defaulting …
Mortgage modifications to get push
As trial loan restructurings linger, administration wants more permanent solutions — The Obama administration on Monday announced a renewed push to get mortgage companies to convert thousands of temporarily restructured home loans into permanent ones by the year’s end to help keep struggling homeowners from falling into foreclosure.
EPF: Home loan confusion
I REFER to the letter “Second home loan confusion” from Ravindran of Batu Caves.
Mortgage pressure rises
The Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help at-risk borrowers.
US Treasury gets tougher on home loan relief
US Treasury gets tougher on home loan reliefUS Treasury gets tougher on home loan relief
Home loan confusion
I REFER to the letter “Second home loan confusion” from Ravindran of Batu Caves.
