Thursday, 06 March 2025

Finance & Mortgage

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.

EDITOR'S PICKS

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.
By Staff writer
Fannie, Freddie May Have Lost $3 Billion in Libor

Mortgage finance giants Fannie Mae and Freddie Mac may have suffered more than $3 billion in losses due to manipulation of the benchmark interest rate known as Libor, according to an internal memo by a federal watchdog.
By Staff Reporter
U.S. Agency Sues JPMorgan Over Mortgage Securities

The U.S. credit union regulator sued JPMorgan Securities and Bear Stearns & Co on Monday over $3.6 billion in mortgage securities the bank allegedly sold to credit unions that collapsed because of losses from the securities.
By Staff Reporter
SEC Has Examined Bank of America Mortgage Repurches

Securities regulators have made inquiries into the mortgage repurchase practices at Bank of America Corp's Countrywide unit, according to a transcript filed in a lawsuit against the bank by insurer MBIA Inc.
By Staff Reporter
Bank of America CEO Moynihan: Don't be Quick to Ditch Fannie and Freddie

Bank of America Chief Executive Brian Moynihan on Friday said the taxpayer-supported mortgage giants, Fannie Mae and Freddie Mac, should not be eliminated as policymakers calibrate the right balance of government support for home buying.
By Staff Reporter
California Lumberyards Against 1 Percent Tax Hike

A recent hike of 1 percent tax hike proposed by the governor of California has upset lumber sellers as they are afraid it will affect business
By Staff writer
Federal Clampdown Looming on Reverse Mortgages

The federal government is proposing to make big changes to its reverse mortgage program early next year that should make the loans safer for seniors who use them to tap home equity.
By Staff Reporter
Toll Brothers Results Indicate Steady Housing Recovery

Toll Brothers Inc, the largest luxury homebuilder in the United States, reported a higher quarterly profit and said new orders rose sharply, indicating that the U.S. housing market is well on its way to recovery.
By Staff Reporter
FED To Hold Lenders'Feet to the Fire on Mortgages

Frustrated Federal Reserve policymakers on Monday sought an explanation from mortgage lenders as to why the benefits of lower interest rates were not filtering to home buyers as quickly as in the past even as investors benefited.
By Staff Reporter
Mortgage Rates, Near Record Low, Level Off, May Signal Housing Comeback

As the economy ekes its way towards recovery, there's good news today for homebuyers: Average U.S. rates on fixed mortgages fell to record lows this week,
By Cole Hill