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Bradford & Bingley rescue package gets EC green light - IndependentShare The European Commission yesterday approved a rescue plan for British mortgage-lender Bradford & Bingley as part of European efforts to limit contagion from the financial crisis. British authorities notified the EU 's state aid regulator on ...
Societies' anger over B&B rescue - yorkshirepostBUILDING society members will pick up the cost of bailing out Bradford & Bingley in lower savings rates and higher mortgage rates, societies have warned. Society chiefs say their institutions face a "disproportionate" burden following the £18bn ...
Bradford & Bingley Says Mortgage Bonds Won’t Be Repaid on Time - BloombergNov. 28 (Bloomberg) -- Bradford & Bingley Plc, the U.K. lender nationalized by the government, said that holders of its mortgage-backed securities are unlikely to be repaid at the bonds’ expected maturities. “On account of the low level of the ...
Britain nationalizes Bradford & Bingley bank - ReutersLONDON (Reuters) - Britain nationalized Bradford & Bingley on Monday, making the buy-to-let mortgage lender the second UK bank to be taken into public ownership this year as a deepening financial crisis claims victims around the world. After intense ...
Anger over B&B rescue cost - yorkshirepostANGER is growing among the region's building societies over the terms of the Government's £18bn bail-out of Bradford & Bingley. The Yorkshire, Leeds and Skipton building societies have all hit out at the "disproportionate" costs that they must pay ...
A passive approach to bank stakes is inadequate - Financial TimesGovernments of the world are becoming major shareholders in their financial institutions. The British government owns two mortgage lenders – Bradford & Bingley and Northern Rock – is likely soon to hold a majority of the capital of the Royal Bank ...
Stand-off over family eviction - Wigan TodayA man barricaded himself in his loft to prevent bailiffs from evicting his family. Bradley Doyle, of Sale Lane in Tyldesley, had planned to remain in the roof space of his house until Wigan social services provided him with another home, but police ...
UK charities brace for 2009 fundraising shortfall - Lexington Herald-LeaderLONDON -- The British Red Cross has canceled its winter fundraising ball - and that's just the tip of the iceberg. British charities are expecting a fundraising shortfall next year as corporations donate less, investments fall in value and ...
Family's landlord debt misery - Manchester Evening NewsA MAN barricaded himself in his loft when bailiffs arrived to evict his family - because his landlord had fallen down on mortgage payments. Bradley Doyle spent 10 hours in the roof space of his home before being talked down by police. Mr Doyle, 49, a ...
Commentary — By J. Bradford DeLong : “The road to depression” - Business WorldKeep as much economic activity as possible under private-sector control, in order to ensure that what is produced is what consumers really want. Prevent the princes of Wall Street who led us into the crisis from profiting from the systemic risk that ...
Today's Mortgage Terms starting with R
Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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