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Record numbers late on US home loans
...Association said yesterday.The percentage of loans in foreclosure or with at least one payment...by about 5.5m, increasing the number of loans with payments at least 90 days late by...starts on traditional prime fixed-rate loans.Traditional prime fixed-rate loans accounted...
Private banks seek home loan cash deposits
...banks are demanding upfront cash deposits from wealthy homebuyers seeking property loans, as extra security against uncertain bonus income.Brokers specialising in loans of at least £1m say some private banks now requirea year's worth of mortgage interest...
Saviours of the suburbs: are US's twin home loan titans at risk?
...with little or no equity in the home - with mortgage insurance or second "piggyback" loans topping up the standard 80 per...cornerstone of the American dream: home ownership.The home loans market had collapsed during the...
Self-employed face home loan ban
...Charcol. He estimated that self-cert loans currently account for 5-10 per cent...over-eager intervention."Self-cert loans reached the height of their popularity...Britannia - and the smaller Beacon Home Loans. "Those who are self-employed may...
Home loans reach 18-month high
...raised by private non-financial corporations through both bank loans and capital issues contracted by £17.3bn in the quarter to...weakest on record.Separately, the Bank reported that approvals for loans to buy homes rose by more than expected to 56,000 from 53,000...
Home loans reach 18-month high
...raised by private non-financial corporations through both bank loans and capital issues contracted by £17.3bn in the quarter to...weakest on record.Separately, the Bank reported that approvals for loans to buy homes rose by more than expected to 56,000 from 53,000...
US retailers see signs of stabilisation
...spending amid signs of a stabilising housing market. Home Depot, the home improvement retailer, said sales in 36 of its top 40...drop of 15-20 per cent in full-year earnings.Lowe's, Home Depot's smaller rival, said on Monday that it had begun...
Wells Fargo home loan demand
...Fannie Mae and Freddie Mac to buy large home loans from banks, the chief executive of...called for an increase in the size of loans purchased by Fannie and Freddie, the...Issa.During the credit boom, jumbo loans were typically funded via the securitisation...
Tech sector pulls Wall Street lower
...fallen for the first time since April also weighed on homebuilders' shares. Over the week, DR Horton was down 13.1 per cent and KB Home, the Los Angeles homebuilder that targets first-time buyers, lost 5.8 per cent. However, Toll Brothers, the country's largest...
Loan rescues Accredited Home Lenders
...subprime mortgage lender Accredited Home Lenders, lending them $200m over five...planned fire sale of $2.7bn in mortgage loans, to boost working capital after its...Subprime mortgages, high-interest home loans made to borrowers with patchy credit...
