Resources

282 Resources for

mortgages

Subscribe to this listing via:
RSS
Email

BNET Resources

Mortgage Credit Losses Could Total $500 Bln: Goldman: NEW YORK (Reuters) - Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and no monetary policy tightening in 2008 or 2009, according...; Tags: Mortgages, Asset management, mortgage, stimulus, Goldman Sachs & Co., economist, balance sheet, asset, asset price, housing market, U.S., New York, adjustment, financial market, financial, equity, Thomson Reuters Corp.; News items 2008-05-09
Home Repossession Orders Surge: By Matt Falloon and Sumeet Desai LONDON (Reuters UK) - More people in England and Wales are just one step away from losing their homes than at any time since the early 1990s as the credit crunch bites, figures showed on Friday, and experts say things...; Tags: Homeowner, Mortgages, Financial Services, Finance, Capital Structures, Oukbs; News items 2008-05-09
RBS Cuts Mortgage Rates to Lure Customers: LONDON (Reuters UK) - Royal Bank of Scotland (RBS) is trimming up to 0.3 percentage points off new mortgages to boost market share, taking advantage of its rivals' retreat in the face of the credit market crisis and a deteriorating housing outlook. RBS, which hopes...; Tags: RBS, Mortgages, Finance, Capital Structures, Oukbs; News items 2008-04-29
IndyMac Loss Steeper Than Expected, Shares Fall: NEW YORK (Reuters) - IndyMac Bancorp Inc (IMB), one of the largest independent U.S. mortgage lenders, posted a first-quarter loss on Monday as it wrote down bad mortgages and grappled with the cost of cutting jobs and closing offices. The $184.2 million loss...; Tags: IndyMac Bancorp Inc., New York, worker, liquidity, firing, Thomson Reuters Corp., newsletter, hiring, U.S., monitor, acquisition; News items 2008-05-12
Mortgage Stress Could Grip 1m Aussies: The traditional definition of mortgage stress, where someone spends a third of their income on home loan repayments, is being challenged.A debt researcher says the current understanding of mortgage stress is outdated and that up to a million Australians, out of a possible six million mortgagors, could be struggling...; Tags: Repayment, Income, Mortgages, Finance, Capital Structures, AAP; News items 2008-04-24

Darling Wants Lenders to Pass on Lower Rates: LONDON (Reuters UK) - Chancellor Alistair Darling will meet mortgage lenders on Tuesday to press them to cut the cost of home loans and look at ways of helping people refinance their mortgages. Speaking in parliament on Monday after the Bank of England initiated its...; Tags: Mortgage Company, Bank Of England, Mortgages, Finance, Capital Structures, Oukbs; News items 2008-04-21
Joint mortgages on the Rise: More people who are not romantically involved are choosing to share a mortgage because of the tight housing market, new figures show but experts urge caution.Joint borrowings have grown in popularity in recent years as a severe housing shortage forced up property prices and caused rents to jump.Instead of...; Tags: Mortgages, Finance, Capital Structures, AAP; News items 2008-04-18
Lobby Group Says EU Should Drop Cross-border mortgages Plan: LONDON (Reuters UK) - The European Commission should shelve plans to integrate Europe's fragmented home mortgage markets after so much change across the industry in recent months, according to a UK lobby group. The Council of Mortgage Lenders (CML) said conditions had changed so much...; Tags: Commission, European Union, Mortgages, Sales Force Management, Finance, Capital Structures, Sales; News items 2008-04-28
Merrill Lynch Hires Montag to Head Global Trading: NEW YORK (Reuters) - Merrill Lynch & Co Inc (MER) said it hired Thomas Montag, former co-head of global securities trading at Goldman Sachs Group Inc (GS), as Chief Executive John Thain looks to new talent to turn around the largest ...; Tags: Workforce management, Merrill Lynch & Co. Inc., NYSE Euronext, Goldman Sachs Group Inc., Goldman Sachs & Co., brokerage, talent, New York, CEO, Thomson Reuters Corp., security; News items 2008-04-28
Mortgage Approvals Slump to Record Low: By Matt Falloon and Christina Fincher LONDON (Reuters UK) - Approvals for home loans slumped nearly 50 percent on a year ago to hit a record low in March, a survey showed on Wednesday, in a further sign the housing market is buckling as the credit...; Tags: Bank, British Bankers, Mortgages, Financial Services, Finance, Capital Structures, Oukbs; News items 2008-04-23
Persimmon Says House Market Worsens: By Dan Lalor LONDON (Reuters UK) - The housing market has deteriorated rapidly in recent weeks since a key survey found house prices fell 2.5 percent in March, as buyers struggle to get mortgages, housebuilder Persimmon (PSN) said on Thursday. The biggest housebuilder by market value...; Tags: Housing Market, Mortgage Company, Persimmon, Mortgages, Government, Sales Strategy, Sales; News items 2008-04-24
Foreclosures Jump For Seventh Straight Quarter: By Lynn Adler NEW YORK (Reuters) - Home foreclosure filings jumped 23 percent in the first quarter from the prior quarter, and more than doubled from a year earlier, as more overextended borrowers failed to make timely payments, real estate data firm ...; Tags: Nevada, data company, homeowner, auction, Florida, real estate, mortgage, bank, California, New York, Thomson Reuters Corp., payment; News items 2008-04-29
Fannie Mae Posts Loss, to Cut Payout: By Lynn Adler NEW YORK (Reuters) - Fannie Mae (FNM) on Tuesday posted a massive quarterly loss, its third straight, on the protracted U.S. housing market slump, prompting it to slash its dividend and set plans to raise $6 billion of fresh funds....; Tags: Financial Planning, Financial accounting, Fannie Mae, dividend, quarterly loss, Freddie Mac, straight, housing market, mortgage, conference call, capital market, New York, stock, financial service, Thomson Reuters Corp., payment, industry, financial; News items 2008-05-06
Bovis Warns on Profits as Housing Market Slumps: By Erica Billingham LONDON (Reuters UK) - Bovis Homes (BVS) became the latest housebuilder to issue a profit warning on Tuesday, adding to signs of a sharpening slowdown in the housing market and hammering its shares. The country's fifth-biggest housebuilder by market value said the...; Tags: HBOS Plc., Housing Market, Bovis, Mortgages, Sales Strategy, Sales Force Management, Sales; News items 2008-05-06
Bradford & Bingley Says Buy-to-let Demand Strong: By Clara Ferreira-Marques LONDON (Reuters UK) - Lender Bradford & Bingley (BB) said demand for buy-to-let mortgages remained strong in the first quarter but arrears continued to rise, with falling house prices expected to drive up bad-debt provisions. Britain's ninth-biggest listed bank, hit by rumours of...; Tags: Bank, Liquidity, Mortgages, Financial Services, Finance, Capital Structures, Oukbs; News items 2008-04-22
CEA's Marron Says Credit Woes Beyond Subprime: NEW YORK (Reuters) - The U.S. credit crisis has spread well beyond subprime mortgages, requiring policy-makers in Washington to take action that might prevent such troubles from resurfacing in the future, a Bush administration official said on Monday. "Some people got...; Tags: Mortgages, mortgage, Bush Administration, Washington, New York, Thomson Reuters Corp., financial; News items 2008-04-14
Mortgage Lending Falls 17 Percent Y/y in March: By Matt Falloon and Paul Majendie LONDON (Reuters UK) - Mortgage lending fell 17 percent in March compared to a year ago and lenders are eagerly awaiting action by the Bank of England to ease the credit crunch, the Council of Mortgage Lenders said on Friday....; Tags: Bank, March, Mortgages, Financial Services, Finance, Capital Structures, Oukbs; News items 2008-04-18
Help Pledged Over Repossessions: LONDON (Reuters UK) - The government plans to boost debt advice and provide free legal aid to help homeowners avoid repossession, it said on Friday, as concern grows over the economic impact of rising borrowing costs and weakening property prices. With 1.4 million fixed-rate mortgages...; Tags: Borrower, Mortgages, Government, Financial Services, Financial Planning, Finance, Capital Structures, Oukbs; News items 2008-05-09
Auto Lending Pulling Down Profits at GMAC: Despite sharper collection practices that at least kept the number of delinquent accounts from growing, profits fell in the first quarter for the auto lending part of GMAC Financial Services -- another sign that the credit crisis is spilling over into the car industry. Like Ford Credit on April 24,...; Tags: Chrysler LLC, Mortgages, Financial Planning, Financial Accounting, Finance, Capital Structures, Jim Henry; Blog posts 2008-04-30
Countrywide Posts Loss as Bad Loans Soar: By Jonathan Stempel NEW YORK (Reuters) - Countrywide Financial Corp (CFC), the largest U.S. mortgage lender, posted a surprisingly large $893.1 million first-quarter loss on Tuesday, taking more than $3 billion of charges for write-downs and bad loans as the housing...; Tags: Countrywide Financial Corp., mortgage company, Beverly Hills, payment, California, Thomson Reuters Corp., U.S., CEO, industry; News items 2008-04-29