Mortgage

By Clare Jim and Twinnie Siu HONG KONG (Reuters) -Hong Kong is raising the cap on loan-to-value (LTV) ratio for properties worth up to HK$30 million ($3.83 million) for self-use …

NEW YORK (Reuters) – U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of 2023, according to Freddie Mac’s mortgage market survey. Mortgage rates …

(Reuters) – Canada’s financial watchdog on Wednesday released new guidelines for lenders aimed at protecting mortgage holders facing high borrowing costs or who are at the risk of defaulting. The …

(Reuters) – The top U.S. consumer finance watchdog on Tuesday said it had fined the Nebraska payment processor ACI Worldwide $25 million for improperly processing more than $2 billion in …

HONG KONG (Reuters) – Hong Kong plans to “fine-tune” the maximum size of mortgages available to first-time homebuyers, Financial Secretary Paul Chan said in a radio interview on Sunday. Chan …

(Reuters) – Metro Bank on Wednesday said it had reached underlying profitability for the second consecutive quarter, as net inflows picked up pace in March on a revival in demand …

By Sergio Goncalves LISBON (Reuters) – The risk of default on mortgages in Portugal is low despite the steep rise in interest rates by the European Central Bank (ECB) because …

(Reuters) – U.S. residential mortgage refinancing activity climbed to a six-month high last week, a trade group said on Wednesday, fueled by a third straight weekly drop in borrowing costs …

LONDON (Reuters) – The volume of mortgages approved by British lenders picked up in February by more than expected, adding to signs that the downturn in the housing market may …

(Reuters) – Last week’s banking sector turmoil had at least one silver lining for U.S. home buyers: lower mortgage interest rates. Interest rates on the most popular U.S. home loan …

American Buyers ‘Retreat’ As High Mortgage Rates Strangle Housing Market John Hugh DeMastri on March 1, 2023 Surging mortgage rates pushed home buyers out of the market and sent volume …

(Reuters) – The average interest rate on the most popular U.S. home loan remained last week at its highest level since November as stronger-than-expected readings on inflation, job gains and …

LONDON (Reuters) – British lenders approved the lowest number of mortgages in January since 2009, excluding a slump at the start of the COVID-19 pandemic, according to Bank of England …

(Reuters) – The U.S. consumer financial watchdog agency on Monday said it had permanently barred California mortgage broker RMK Financial Corp. from the mortgage lending industry, accusing it of repeat …

(Reuters) – The average interest rate on the most popular U.S. home loan rose last week to its highest since November as bond markets took fright that the Federal Reserve …

(Reuters) – JPMorgan Chase & Co has cut hundreds of mortgage employees, a source familiar with the matter told Reuters on Wednesday, hours after the company announced plans to hire …

LONDON (Reuters) – Many mortgage borrowers could struggle to manage more expensive home loans this year, one of Britain’s top bank bosses said on Tuesday, as the cost of living …

BENGALURU (Reuters) – Housing Development Finance Corp (HDFC), India’s largest mortgage lender, reported a 13.2% rise in third-quarter profit on Thursday, missing estimates, as higher funding costs took the shine …

(Reuters) – The average interest rate on the most popular U.S. home loan dropped to its lowest level since September as more evidence inflation is past its peak sent Treasury …