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mortgages

As America Grapples With Underwater Mortgages, New Jersey in Slightly Better Shape

October 29, 2024
As america grapples with underwater mortgages, new jersey in slightly better shape - photo licensed by shore news network.

IRVINE, Calif. — Let’s face it. Life under the Biden-Harris administration has hit most Americans where it hurts most, in their pockets. But the reckless fiscal …

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Analysis-China needs more than cheaper mortgages to revive spending

September 7, 2023September 7, 2023
Analysis-china needs more than cheaper mortgages to revive spending - photo licensed by shore news network.

SHANGHAI/BEIJING (Reuters) – Simon Yu’s monthly mortgage payments for his Shanghai apartment will drop after China’s latest measures to support the ailing property sector, but …

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A million interest only mortgages come under UK watchdog scrutiny

August 15, 2023
A million interest only mortgages come under uk watchdog scrutiny - photo licensed by shore news network.

LONDON (Reuters) -Nearly half of people with interest-only mortgages may be too optimistic about their ability to pay the outstanding capital, Britain’s Financial Conduct Authority …

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UK homebuilders under pressure as lofty mortgages deter first-time buyers

July 24, 2023July 24, 2023
Uk homebuilders under pressure as lofty mortgages deter first-time buyers - photo licensed by shore news network.

By Aby Jose Koilparambil (Reuters) – British homebuilders are building fewer homes, cutting down on land purchases and offering more incentives as high mortgage rates …

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HSBC customers in U.S. sent inadvertent emails on mortgages, relocation

January 6, 2023January 6, 2023
Hsbc customers in u. S. Sent inadvertent emails on mortgages, relocation - photo licensed by shore news network.

By Katie Paul (Reuters) – Frustrated HSBC banking customers in the United States took to social media on Friday to complain about inadvertent emails they …

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Turkey announces cheaper mortgages for mid-income Turks

January 4, 2023
Turkey announces cheaper mortgages for mid-income turks - photo licensed by shore news network.

ANKARA (Reuters) – Mortgages with lower rates and longer maturities will be offered to middle income Turks looking to buy new housing, Turkish Finance Minister …

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Japanese homeowners face an unfamiliar headache: higher mortgages

December 22, 2022
Japanese homeowners face an unfamiliar headache: higher mortgages - photo licensed by shore news network.

By David Dolan and Daniel Leussink TOKYO (Reuters) – When salaryman Takayuki Nakamura bought his Tokyo home last year, he got a floating-rate mortgage at …

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US Gov Will Back Million Dollar Mortgages In 2023 For The First Time Ever

November 30, 2022November 30, 2022
Us gov will back million dollar mortgages in 2023 for the first time ever - photo licensed by shore news network.

US Gov Will Back Million Dollar Mortgages In 2023 For The First Time Ever John Hugh DeMastri on November 29, 2022 The U.S. government will …

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FHFA raises 2023 conforming loan limits on Fannie Mae, Freddie Mac mortgages

November 29, 2022November 29, 2022
Fhfa raises 2023 conforming loan limits on fannie mae, freddie mac mortgages - photo licensed by shore news network.

WASHINGTON (Reuters) – The U.S. Federal Housing Finance Agency (FHFA) said on Tuesday the conforming loan limit values (CLLs) for mortgages to be acquired by …

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Spain’s banks seek extending lifespan of mortgages for vulnerable households

October 19, 2022October 19, 2022
Spain's banks seek extending lifespan of mortgages for vulnerable households - photo licensed by shore news network.

By Jesús Aguado MADRID (Reuters) – Spanish lenders are open to extending loan repayments for vulnerable households that experience a rise of at least 30% …

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UK lenders pull mortgages at record rate as market chaos worsens

September 28, 2022
Uk lenders pull mortgages at record rate as market chaos worsens - photo licensed by shore news network.

LONDON (Reuters) – A record 935 mortgage products were pulled in Britain overnight, financial services provider Moneyfacts said on Wednesday, as deepening turmoil in financial …

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Hong Kong lowers buyer stress test requirement for mortgages

September 23, 2022
Hong kong lowers buyer stress test requirement for mortgages - photo licensed by shore news network.

HONG KONG (Reuters) -Hong Kong’s de facto central bank has relaxed a mortgage stress test requirement for property buyers, it said on Friday, in response …

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U.S. Bancorp expects mortgages to be down 30%-35% in Q3 vs Q2

September 12, 2022
U. S. Bancorp expects mortgages to be down 30%-35% in q3 vs q2 - photo licensed by shore news network.

NEW YORK (Reuters) – U.S. Bancorp expects a 30% to 35% drop in mortgage revenue in the third-quarter from the second quarter as the housing …

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Analysis-As interest rates jump, Canadian borrowers turn to credit unions for mortgages

September 7, 2022
Analysis-as interest rates jump, canadian borrowers turn to credit unions for mortgages - photo licensed by shore news network.

By Nichola Saminather TORONTO (Reuters) – In a country where the Big Six banks control 80% mortgage market share, Canada’s smaller lenders are making some …

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Rates on U.S. 30-year mortgages see biggest one-week increase since 1987

June 16, 2022
Rates on u. S. 30-year mortgages see biggest one-week increase since 1987 - photo licensed by shore news network.

NEW YORK – U.S. housing finance giant Freddie Mac said on Thursday the average contract rate on a 30-year fixed-rate mortgage rose by more than …

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Black Knight: February Uptick in Early-Stage Delinquencies Drives First Increase in Past- Due Mortgages in Nine Months; Foreclosure Starts Fall 24% Following January Spike

March 24, 2022
Black knight: february uptick in early-stage delinquencies drives first increase in past- due mortgages in nine months; foreclosure starts fall 24% following january spike - photo licensed by shore news network.

Though past-due loans edged higher (+1.8%) in February, the national delinquency rate remains near pre-pandemic levels heading into March, which typically sees strong seasonal performance …

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Just Group sells lifetime mortgages to Rothesay Life for $933 million

February 22, 2022
Just group sells lifetime mortgages to rothesay life for $933 million - photo licensed by shore news network.

LONDON – British life insurer Just Group has sold a portfolio of lifetime mortgages to fellow British insurer Rothesay Life for 687 million pounds ($932.88 …

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