Finance & Mortgage
Mortgage Rates Unchanged This Week
Canada Home Sales Decline, but Market is Balanced Says CREA Report
Sandy Relief Bill Passed Despite Strong Opposition from Republicans
EDITOR'S PICKS
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Developers Apologize After Accidentially Demolishing House Where AC/DC Got Together
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US Housing Affordability Unlikely To Improve Until Prices Fall 40%, Wages Increase 70%: Expert
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Meghan Markle And Prince Harry's Montecito Mansion Now Valued At $29M
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US Housing Supply Hit Four-Year High - But Only Because Homes Are Failing To Find Buyers
The Parliament of Britain has given the Bank of England new powers to regulate and control the prevalent housing sector boom. The bank's Financial Policy Comittee hopes that the new tools will help avoid financial crisis in the long run and trigger off a growth in the country's GDP. Jermaine Dupri Manages to Avoid Home Foreclosure A Second Time
The So So Def singer, Jermaine Dupri's Atlanta home was slated to be forfeited the second time in 4 months due to his failure to make mortgage payments. However, Dupri managed to ward off the auction by lodging a last minute petition. 29.3 Percent Americans Own Mortgage Free Homes
In a recent study conducted by Real estate listing Consultancy- Zillow, it was discovered that around 29.3 percent of the home owners were free of any mortgage debt and owned their homes outright. Various financial and demographic factors were taken into account for the study. New Mortgage Regulations of CFPB to Protect Buyer and Banker Interests
The Consumer Financial Protection Bureau, which was formed in 2011 to protect the financial interests of the consumers of U.S., announced a new mortgage regulation that all the banks need to comply with. The rule will not only safeguard the consumers from faulty loans but also help Banks insure themselves against law suits. Barclays Joins UK Mortgage Rate Reduction Stream
Banking Giant Barclays announced that it will slash down mortgage rates up to 1 percent for new home investors. A new scheme, "The family Springboard Mortgage" was announced by the bank that is expected to help customers in financing their investments. BOFA to Sell Rights to Service $300 Billion Loans
Bank of America Corp is in talks to sell collection rights on $300 billion of mortgages, two sources familiar with the situation said, in an effort to offload problem exposure after huge losses from its Countrywide Financial acquisition. HSBC Reveals New Mortgage Rates for Prospective Investors
HSBC introduced new mortgage rates for prospective and fresh property investors. Experts have opined that the rates are the best deals in the market. The new rates will help attract more customers not only augmenting business for the bank but also boosting the real estate market. Nationwide Study Reveals Drop in UK House Prices
In a recent Nationwide study, it was observed that the total housing prices in the U.K. has witnessed a 1 percent slump over the year 2012. Price fluctuations displayed a regional divide. London was observed to be the strongest performing area in the depressed market condition. U.S. Construction Spending Analyzed, Markets to Gain Momentum in Latter Half of 2013
Construction spending in the country went down in November 2012. However, the rates witnessed a growth when compared to the percentage of the previous year at the same time period. Experts believe that with the conclusions of the tax decision, the housing and construction markets will accelerate by the second half of 2013. Nationwide Broadens Mortgage Borrowings Rate to UK Home Buyers
Nationwide Building Society announced it will provide a 95 percent mortgage loan to new home buyers on a condition that they would contribute a sum of money at regular intervals to their savings account for the mortgage.
