Mortgages

Gym Fees 'Could Stop Mortgage Approvals'

Gym Fees 'Could Stop Mortgage Approvals'

Homebuyers could find themselves turned down for a mortgage because of their gym memberships, phone bills and pension payments, under new rules introduced this weekend, experts have warned. Mortgage advisers s…

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  • Barclays Bank PLC will pay $280 million to Fannie Mae and Freddie Mac to settle claims that it sold them faulty mortgage-backed securities during the housing bubble, a U.S. regulator said on Thursday. ...

  • Gym Fees 'Could Stop Mortgage Approvals'

    Homebuyers could find themselves turned down for a mortgage because of their gym memberships, phone bills and pension payments, under new rules introduced this weekend, experts have warned. Mortgage advisers said new restrictions introduced under the Mortgage Market Review (MMR) would drastically increase the intrusiveness …

  • U.S. new home sales hint at prolonged housing weakness Reuters - UK Focus - Wed, Apr 23, 2014 21:20 BST

    "The weak tone of this report is a bitter pill for those, including ourselves, who have been looking for signs of a spring thaw in the housing recovery," said Millan Mulraine, deputy chief economist at TD Securities in New York (Frankfurt: HX6.F - news) . The housing market was slammed by the unusually cold and snowy winter, …

  • U.S. new home sales dive to eight-month low in March Reuters - UK Focus - Wed, Apr 23, 2014 15:00 BST

    Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dealing a setback to the housing market recovery. The Commerce Department said on Wednesday sales dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units, declining for a second consecutive month. The housing …

  • Changes to mortgage lending will reduce availability of interest-only mortgages and could end cheap, short-term "teaser" deals

  • Mortgage market needs to keep up with times Telegraph - Fri, Apr 18, 2014 18:28 BST

    Call for home loan industry to modernise to keep up with changing way people work

  • Mortgage lending increase highest in a decade Telegraph - Thu, Apr 17, 2014 15:51 BST

    Lending rises by almost 40 per cent year-on-year to £46 billon in continuing evidence the housing market is growing

  • Taylor Wimpey says strong sales continue in first quarter Reuters - UK Focus - Thu, Apr 17, 2014 07:49 BST

    British housebuilder Taylor Wimpey said it had enjoyed strong sales in the first quarter as government help continued to stoke buyer demand, as it reported a 22 percent uplift in the average selling price of its homes. "The UK housing market remains buoyant and our customers continue to benefit from a more accessible and …

  • U.S. housing starts rise less than expected, permits fall Reuters - UK Focus - Wed, Apr 16, 2014 13:30 BST

    U.S. housing starts rose less than expected in March and building permits fell, pointing to underlying weakness in the housing market that could persist despite better weather. The Commerce Department said on Wednesday groundbreaking increased 2.8 percent to a seasonally adjusted annual rate of 946,000. The housing market …

  • house prices

    First-time buyers are 'disadvantaged' by being denied interest-only mortgages used by landlords, study finds

  • First-time buyers are 'disadvantaged' by being denied the cheaper, interest-only mortgages used by buy-to-let investors, a new study claims

  • British home-owners more upbeat about selling - survey Reuters - UK Focus - Sat, Apr 12, 2014 00:01 BST

    British home-owners are increasingly upbeat about the housing market and are more willing to sell than at any time since April 2011, a survey by mortgage lender Halifax showed on Saturday (Shenzhen: 002291.SZ - news) . Record (LSE: REC.L - news) -low interest rates and government-backed schemes have fuelled a rebound in …

  • Wells Fargo profit beats estimates, helped by one-time gains Reuters - UK Focus - Fri, Apr 11, 2014 20:17 BST

    The bank, the most profitable in the United States in 2013, has been hurt in recent quarters by declining demand for mortgage refinancing, as lending rates have risen. Income from mortgage banking fell by 46 percent to $1.5 billion from the same quarter last year. Wells Fargo's new home loans fell by two-thirds to $36 …

  • When a tracker mortgage beats a fixed deal Telegraph - Fri, Apr 11, 2014 18:06 BST

    Almost everyone is fixing their mortgage, but a tracker could be considerably cheaper if you can afford to gamble on rates

  • JPMorgan profits fall on weak mortgage, trading income

    A JPMorgan sign is seen outside the office tower housing the financial services firm's Los Angeles, California offices on this August 8, 2013

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