Peak Mortgage Rates and Information Online from competing Lenders

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Financial News
Delinquent Mortgages Set to Nearly Double in 2009 - Wall Street Journal
The number of consumers with delinquent mortgages is poised to almost double by the end of next year, hitting its highest level in at least 16 years, according to a leading credit bureau. TransUnion LLC, which analyzed about 27 million consumer ...

NBER Eggheads Finally Proclaim a Recession - Seekingalpha.com
The National Bureau of Economic Research yesterday announced that its Business Cycle Dating Committee had officially determined a peak in economic activity at December 2007, which signals the start of the recession. I am a member of the committee ...

Mortgage approvals halve in a year - Financial Times
Mortgage approvals last month fell by more than half from a year earlier, according to data from the British Bankers’ Association which underlined the extreme pressure on the housing market. The number of mortgage approvals for house purchases fell ...

My warning to Gordon and his friend Alistair - Evening Standard
Economics is not a game. Bad decisions blight the future for hundreds of thousands, if not millions, of people. It's hard to imagine a discipline less suited to the febrile world of politics, where the influence of tomorrow's headlines has become an ...

Australia Mortgage Delinquency Rates Rise, Fitch Says (Update1) - Bloomberg
Nov. 26 (Bloomberg) -- Australian mortgage delinquency rates worsened in regional and coastal areas, and are likely to increase as the economy slows, according to Fitch Ratings. Mortgages that missed one or more payments in the six months through ...

UPDATE 2-FirstRand sees lower profit on bad debts, shares hit - Reuters
JOHANNESBURG, Dec 2 (Reuters) - FirstRand Ltd (FSRJ.J: Quote , Profile , Research , Stock Buzz ), South Africa's second-biggest bank by assets, forecast lower full-year earnings due to rising bad debts at its mortgage and retail lending businesses ...

FirstRand sees lower profit on bad debts, shares hit - Reuters Africa
JOHANNESBURG (Reuters) - FirstRand Ltd, South Africa's second-biggest bank by assets, forecast lower full-year earnings due to rising bad debts at its mortgage and retail lending businesses, sending its shares sliding 8 percent. The banking group ...

Using ETFs to Capitalize on Market's Recent Patterns - Seekingalpha.com
As I had highlighted last week in my " Selling the Rallies " post, the market has been following a somewhat predictable pattern of maniacal upswings of 10% or greater in a quick run, followed by severe downturns to the tune of 5%+ in a single day ...

FirstRand sees lower profit on bad debts  - Business Day South Africa
FIRSTRAND forecast lower full-year earnings due to rising bad debts at its mortgage and retail lending businesses, sending its shares sliding 8%. The banking group said today it expected diluted normalised earnings, excluding the Discovery health ...

Hong Kong Mortgage Loans Fall 40% as Economy Slows (Update2) - Bloomberg
Nov. 26 (Bloomberg) -- Hong Kong mortgage loans fell for a third month in October as banks tightened lending amid an economic slowdown and a freeze in global credit. Banks in Hong Kong approved HK$13.7 billion ($1.8 billion) of new mortgage loans ...

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Today's Mortgage Terms starting with V

  • VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
  • Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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