Hong Kong’s easing of mortgage rules boosts home visitors, but not deals
By Clare Jim HONG KONG (Reuters) – Hong Kong’s move to raise the maximum mortgages available to some homebuyers, its first relaxation in curbs on …
Mortgage
Hong Kong raises maximum mortgage available for homes valued up to $3.8 million
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 …
U.S. mortgage rates rise to 6.81%, highest level this year -Freddie Mac
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 …
Canada’s financial watchdog releases guidelines to give mortgage holders tailored support
(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 …
ACI Worldwide fined $25 million for multibillion-dollar mortgage payment ‘fiasco’
(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 …
Hong Kong to fine-tune mortgage limits for first-time homebuyers
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 …
Republic First Bancorp cuts jobs in preparation to exit mortgage business
(Reuters) – Republic First Bancorp said on Friday it cut jobs in its commercial lending unit as the lender prepares to exit its mortgage origination …
Metro Bank posts second quarter of profitability on mortgage loans demand
(Reuters) – Metro Bank on Wednesday said it had reached underlying profitability for the second consecutive quarter, as net inflows picked up pace in March …
This Small Mortgage Company’s Legal Battle With A Federal Agency Raises Huge Free Speech Concerns, Advocates Say
This Small Mortgage Company’s Legal Battle With A Federal Agency Raises Huge Free Speech Concerns, Advocates Say Katelynn Richardson on April 30, 2023 The Consumer …
‘Insanity’: New Biden Mortgage Rules Mask ‘True Risk’ Of ‘Bad’ Loans, Experts Say
‘Insanity’: New Biden Mortgage Rules Mask ‘True Risk’ Of ‘Bad’ Loans, Experts Say John Hugh DeMastri on April 29, 2023 An upcoming Biden administration rule …
‘Worsen Their Credit’: Obama Official Rips Biden Admin Mortgage Rule
‘Worsen Their Credit’: Obama Official Rips Biden Admin Mortgage Rule Harold Hutchison on April 20, 2023 A former Obama administration official ripped a proposed Biden …
ECB’s Centeno says mortgage default risk in Portugal is low
By Sergio Goncalves LISBON (Reuters) – The risk of default on mortgages in Portugal is low despite the steep rise in interest rates by the …
US mortgage refinancings hit 6-month high on rates drop, MBA says
(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 …
UK mortgage approvals rose more than expected in February: BoE
LONDON (Reuters) – The volume of mortgages approved by British lenders picked up in February by more than expected, adding to signs that the downturn …
Most Swedish mortgage borrowers have good buffers despite rising rates, FSA report says
STOCKHOLM (Reuters) -Swedish mortgage rates more than doubled for new mortgage borrowers in 2022 versus the previous year, but the majority of households still have …
US mortgage rates tumble by the most in 4 months in SVB’s wake, MBA says
(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 …
American Buyers ‘Retreat’ As High Mortgage Rates Strangle Housing Market
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 …
U.S. mortgage interest rates remain at highest level since November – MBA
(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 …
UK mortgage approvals fall to lowest since 2009, excluding pandemic
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, …
U.S. watchdog shutters mortgage outfit as high court case looms
(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 …
U.S. mortgage interest rates jump to highest level since November – MBA
(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 …
JPMorgan lays off hundreds of mortgage employees -source
(Reuters) – JPMorgan Chase & Co has cut hundreds of mortgage employees, a source familiar with the matter told Reuters on Wednesday, hours after the …
HSBC says the ‘headwinds are ahead’ for UK mortgage holders
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, …
India’s largest mortgage lender HDFC misses Q3 profit view on higher funding costs
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 …
Former Suffolk County Legislator And Co-Conspirator Convicted Of Defrauding Mortgage Lender Out Of More Than A Quarter Of A Million Dollars
Damian Williams, the United States Attorney for the Southern District of New York, announced the convictions of GEORGE GULDI, a former Suffolk County legislator and …
U.S. mortgage interest rates fall to lowest levels since September – MBA
(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 …
China establishes mortgage rate adjustment mechanism for some home buyers
BEIJING (Reuters) -China’s central bank and the banking and insurance regulator have established a dynamic adjustment mechanism on mortgage rates for first-time home buyers, the …
Britain urges banks to offer mortgage flexibility in cost-of-living crisis
By Huw Jones and Iain Withers LONDON (Reuters) -Britain has called on banks to support households finding it difficult to make payments on mortgages during …
Hudson County Real Estate Investor Admits Multi-Year Mortgage Fraud Scheme
NEWARK, N.J. – A Hudson County, New Jersey, real estate investor has admitted conspiring to orchestrate a fraudulent home equity line of credit scheme that …
Real Estate Developer and Attorney Both Admit to Multimillion-Dollar Mortgage Fraud Scheme
TRENTON, N.J. – A New Jersey real estate developer and attorney each admitted today to conspiring to orchestrate a mortgage fraud scheme that led to …
Retired Maryland lottery winner says $300k jackpot will go to paying off mortgage
A man who bought multiple lottery tickets with the same number will now have $300,000 to pay off his mortgage. According to the Maryland Lottery, …
U.S. housing starts tumble in October amid soaring mortgage rates
WASHINGTON (Reuters) – U.S. homebuilding fell sharply in October, with single-family projects dropping to the lowest level in nearly 2-1/2 years, as the housing market …
U.S. mortgage interest rates drop back below 7% – MBA
(Reuters) – The average interest rate on the most popular U.S. home loan saw its largest single-week decline since July, dropping back to just below …
Australian banks ease mortgage norms as property market cools
By Lewis Jackson and Byron Kaye SYDNEY (Reuters) -Two of Australia’s top banks have quietly relaxed some home lending standards, banking and mortgage-broking sources said, …
Mortgage Payments Surge 50% Since Last Year As Homebuyers Get Priced Out
Mortgage Payments Surge 50% Since Last Year As Homebuyers Get Priced Out John Hugh DeMastri on November 10, 2022 As mortgage rates climbed, typical monthly …
NZ central bank says river flooding poses bigger risk to lenders’ mortgage portfolios
By Lucy Craymer and Upasana Singh (Reuters) – The Reserve Bank of New Zealand said on Tuesday a preliminary analysis of its climate change stress …
NZ central bank says river flooding poses bigger risk to lenders’ mortgage portfolios
By Lucy Craymer and Upasana Singh (Reuters) – The Reserve Bank of New Zealand said on Tuesday a preliminary analysis of its climate change stress …
Mortgage Rates Spike To Highest Level In Over 20 Years
Mortgage Rates Spike To Highest Level In Over 20 Years Bronson Winslow on October 26, 2022 Mortgage rates have continually increased for 10 straight weeks, …
UK banks start cutting ‘Truss premium’ from mortgage rates, but slowly
By Iain Withers and Lawrence White LONDON (Reuters) – Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are …
U.S. mortgage interest rates jump to 7.16%, highest since 2001
(Reuters) – The average interest rate on the most popular U.S. home loan rose to its highest level since 2001 as tightening financial conditions weigh …
High Interest Rates Are Strangling The Mortgage Market
High Interest Rates Are Strangling The Mortgage Market John Hugh DeMastri on October 19, 2022 As mortgage and interest rates skyrocket, demand for new …
Hungary government expands scheme that caps mortgage rates – govt decree
BUDAPEST (Reuters) – Hungary’s government has expanded its existing scheme that caps mortgage rates effective Nov. 1 to include mortgages carrying fixed interest rates up …
One in 5 Britons heading for mortgage pain – think-tank
LONDON (Reuters) – One in five families in Britain will take a financial hit from having to pay more for their mortgages between now and …
UK mortgage approvals jump unexpectedly in August: BoE data
LONDON (Reuters) – British lenders approved many more mortgages than expected in August, Bank of England data showed on Friday. Mortgage approvals rose to 74,340 …
UK housing market may face perfect storm as mortgage rates rise, house prices drop
By Andy Bruce, Sinead Cruise and Carolyn Cohn LONDON (Reuters) – A surge in borrowing costs and a likely slowdown in economic growth threaten to …
U.S. mortgage interest rates jump to 6.52%, highest since mid-2008
(Reuters) – The average interest rate on the most popular U.S. home loan climbed to its highest level since August 2008, data from the Mortgage …
Market chaos forces UK lenders to pull mortgage products
By Andy Bruce LONDON (Reuters) -Turmoil in British financial markets forced mortgage lenders to temporarily withdraw and reprice products for new customers on Monday, a …
U.S. mortgage rates rise to 6.29%, highest in 14 years
(Reuters) – U.S. 30-year fixed-rate mortgages rose to 6.29% on Thursday, the highest level since 2008, according to Freddie Mac’s mortgage market survey. Last week, …
U.S. mortgage interest rates reach 6.25%, highest level since October 2008
(Reuters) – The average interest rate on the most popular U.S. home loan climbed to its highest level since October 2008, Mortgage Bankers Association (MBA) …
Analysis-China’s mortgage boycott quietly regroups as construction idles
BEIJING (Reuters) – Two months since many Chinese homebuyers stopped repaying mortgages to protest stalled construction on their properties, a lack of progress at more …