UK Mortgage Approvals Rose More Than Forecast in June
The increase in approvals is the first since January, with the introduction of tougher affordability tests in April slowing the pace of mortgage lending. Concerns that the U.K. property market may be at risk of overheating prompted BOE Governor Mark ... [...]
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Bank of Hawaii mortgage business down due to low housing inventory
Bank of Hawaii Corp. (NYSE: BOH) reported $1.8 million income from mortgage banking for the second quarter, a decline of $2 million from the first quarter and more than three times lower than the $5.8 million reported for the second quarter of 2013 ... [...]
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Deadline approaches for Ocwen mortgage help
Ocwen at its core is a giant collection agency for home mortgages. Since our original Ocwen stories, our Watchdog team says a day has not gone by where we haven't received an email or phone call from an Ocwen customer with similar complaints about bad ... [...]
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Is the Private Mortgage-Bond Market Dead or Dormant?
It's been nearly seven years since the market for so-called private-label mortgage bonds, or those that aren't backed by government-related entities, dried up. For years, government policy makers and financiers have speculated over when those markets ... [...]
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Today's Mortgage Rates at Bank of America, Wells Fargo, and SunTrust on 28 …
Qualified mortgage shoppers who are planning on acquiring the 30 year fixed rate mortgage deals will have to pay an interest price of 4.125% and agree to an annual percentage rate of 4.284%. The 15 year fixed rate mortgage home loan packages are now ... [...]
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The S&P 500 Just Keeps On Setting Records
The stock market represents wealth and the Federal Reserve under Chairman Ben Bernanke, and followed up by Chairwoman Janet Yellen, has specifically targeted growing wealth as a major goal of monetary policy because the economic models that ... [...]
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Pending Home Sales Index Stays Above 100 Amid Low Mortgage Rates, Strong …
A third common low-downpayment option is the no-money-down mortgage backed by the USDA. USDA mortgages are available in many suburban and rural areas nationwide, and allow for 100% financing. USDA mortgage rates are often the lowest as ... [...]
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Mortgage Investors Doubts Appear in Rally of Risky Notes
Investors who piled into bets on some risky types of U.S. mortgage bonds are showing signs of doubt that the notes will extend their rally. Bondholders last week sought to sell the most government-backed mortgage derivatives known as interest-only ... [...]
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Paying off your mortgage faster can pay huge dividends
Paying down your mortgage faster. It's one of those boilerplate suggestions that financial advisers love to make to their clients. After all, throwing extra money at the biggest debt most Canadians have can result in big interest savings and being ... [...]
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