Hints and tips:
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...As mortgage rates jumped higher the government’s polling numbers moved lower. Kwarteng became Britain’s shortest-serving chancellor and Truss the country’s shortest-serving prime minister....
...“The risk with this incremental rate-reduction approach is that potential homebuyers will expect further mortgage reductions and therefore hold off purchases, depressing home sales activity,” said Duncan...
...So what did you discover about Labour’s plans for the health service?...
...“The Conservatives have trashed our economy, pushed health services to the brink, and added hundreds of pounds to people’s mortgage payments,” Ed Davey, Liberal Democrat leader, said in a tweet on Monday...
...But, in the midst of a cost of living crisis and with public services failing, Labour is targeting Sunak’s privileged lifestyle relentlessly. Sunak did not come from a particularly moneyed background....
...Mortgage repossessions and tenant evictions will increase. Public services in education, health and care will also be drastically impaired due to rising bills....
...“In St Moritz for lunch and a good bottle of wine, you need a separate mortgage,” he jokes....
...Former Tory party leader Iain Duncan Smith, one of the five sanctioned MPs, said it was “astonishing” that China had been invited given its “huge record of human rights abuses”....
...As ever, reach out to Imani (imani.moise@ft.com) and me (sid.v@ft.com) with your thoughts, suggestions and comments. We’ll be back again next Monday. Happy reading!...
...I suppose the big question for lots of us sitting here who are lucky enough to own our own homes is what it will do to mortgage rates. Katie Martin I’ve got one year until I renew my mortgage....
...As ever, get in touch with Imani (imani.moise@ft.com) or me (sid.v@ft.com) with thoughts for new articles. Happy reading!...
...Average mortgage rates have hit a 20-year high, deterring many would-be homebuyers....
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...Historically, we know that rising interest rates typically increase loyalty to large incumbent banks with the capacity to cross-sell financial services, for example offering a lower mortgage rate to customers...
...Even among Tory voters the positive differential has nearly halved, shrinking from around plus-44 to (67 ‘well’ v 23 ‘badly’) in January 2020 to plus-23 (58 ‘well’ v 35 ‘badly’) today....
...As always, reach out to Imani (imani.moise@ft.com) or me (sid.v@ft.com) with thoughts for other companies to cover, trends to follow or general tips....
...People with mortgages are facing a further squeeze after the Bank of England increased interest rates by the largest amount in 27 years....
...Neighbourhood Housing Service of New York City, a non-profit providing lending services and home ownership education to people with low to moderate incomes, typically helps 100 to 150 people purchase a home...
...And Scottish Mortgage? I hold it and will keep holding, as I think the future usually comes good....
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...If mortgage rates keep going up — now we’re talking about 6 per cent, two-year fixed today — if these things continue, if these rising mortgage rates precipitate a correction in the housing market, if that...
...The FT reported last week that Better, the US online mortgage lender, is buying British mortgage broker Trussle....
...The Hampstead mortgage was held by Cox & Kings. People familiar with the matter said Kerkar, his wife and children had lived there....
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