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...A small bank CEO worries that just as we have food and healthcare deserts, we might have bank deserts — unbanked areas of the country....
...The bank plans to securitise and sell loans from its Chase retail business, including mortgages, auto lending and credit card loans, these people said....
...Months ago, Lex predicted that base rate rises would strain buy-to-let landlords, who typically have interest-only mortgages, pushing up rental costs. So it has proved....
...But it can erode when exposed to wet weather and freezing temperatures, meaning it is most common in desert environments....
...Silicon Valley schadenfreude FT columnist Jemima Kelly ponders why it’s so tempting to mock the Burning Man attendees trapped in the Nevada desert last week....
...Instead of taking out a mortgage, she spent her savings on the van, and has made four trips to this same corner of Elenydd this year....
...Because 96 per cent to 99 per cent of all mortgages from 1934 until around 1970 were funded by the FHA, that those neighbourhoods never got mortgages....
...Traditional credit scores largely rely on having credit cards, auto loans and mortgages....
...As the US Federal Reserve hikes interest rates to tackle inflation, rising mortgage rates are pushing up the costs of servicing the large mortgages needed for the state’s expensive homes....
...It blamed high energy prices, rising mortgage costs and increased taxes for the UK downgrade. 2....
...Houses whose occupants are now terrified that the current rises in mortgage rates will force them out of these homes. Love art though I do, I can’t help feeling that picture really has a lot to prove....
...They’re definitely paying the mortgages with film shoots.”...
...as “Davos in the Desert”....
...Lloyds, for example, offers lower mortgage rates for homeowners who make their homes more energy efficient....
...Most will be fleeing for survival but the middle classes will also see their comfortable existences upended as mortgages, particularly in previously desirable coastal neighbourhoods, become unobtainable...
...In the US, the S&P CoreLogic Case-Shiller National Home Price Index was up 19.8 per cent in the year ending February, even as mortgage rates reached their highest level since 2010 in April....
...I visited one of the most famous ghost cities, Ordos, in the middle of the desert, very far away from anything. It was quite strange, because it's not like there's necessarily jobs there....
...North Lawndale was depopulated, an urban desert with vacant lots. Gangs used it as a convenient place to sell drugs. “We used to sit outside all night and just talk,” said one resident....
...Ajit was a leading figure of India’s hospitality industry, having opened Tata hotels on Goan beaches and in desert palaces....
...But if yours tops that of Ann Hiatt’s, who in 2003 booked her boss Jeff Bezos on a helicopter that ended up crashing in the west Texas desert, do let us know. It’s probably worth a story....
...When Ann Hiatt received the call that a helicopter carrying Jeff Bezos had crashed in the West Texas desert, her first thought was: what have I done?...
...It was not until he was 32 and working as a mortgage broker that Adelson, who died on Monday aged 87, made his first $1m....
...Rental desert If raffles don’t work for you and 0 per cent mortgages are not on offer, you may be stuck renting. Except (people on average incomes stop reading here) there’s nowhere to rent in London....
...A $2.3bn mutual fund sought offers on more than $1bn of mortgage bonds on Sunday after losing more than 30 per cent of its value last week....
...In particular, intense competition in the mortgage sector squeezed profit margins. But he said “the underlying resilience of the bank is evident”....
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