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News about Mortgages:
Anger as lenders drag their feet on passing cut to homeowners - Guardian UnlimitedMany of Britain's leading banks looked on a collision course with the government last night when they said merely that they were keeping their main lending rates "under review" after the Bank of England cut the base rate to an all-time low of 1.5 ...
Bank of Ireland cuts back UK mortgages and axes 600 jobs - Guardian UnlimitedThe collapsing British housing market was dealt a further blow yesterday after the Bank of Ireland said it was dramatically scaling back its UK mortgage operation, with the loss of at least 600 jobs. The bank, which has more than £29bn invested in ...
Banks warn Brown as rates hit historic 1.5% - Guardian UnlimitedMortgage lenders are warning Gordon Brown that his scheme to prevent a surge in home repossessions could stifle new home loan lending despite yesterday's cut in interest rates from the Bank of England to an historic low of 1.5%. The UK's biggest ...
Bank of England interest rate cut: Era of interest-free mortgages ... - Daily TelegraphFinancial experts said some borrowers with tracker mortgages could see their rates drop to zero, meaning those with interest-only mortgages would have nothing to pay on their monthly mortgage repayments. Lawyers suggested that if rates dropped ...
Who is set to pass on rate cuts? - BBC BusinessSome of the major lenders have made an immediate decision to pass on the Bank rate cut to customers with a variable-rate mortgage. HSBC, Lloyds TSB/Cheltenham and Gloucester and Bristol & West have announced they will pass on the one percentage point ...
Irish lender to cut new mortgages - Financial TimesBank of Ireland will shrink new mortgage lending in the UK by up to 80 per cent – making home loans even scarcer – at a time when the government is trying to revive lending to homeowners and small businesses. BoI, which was included in the Irish ...
Green Bankshares Expects Fourth Quarter Loss - PR InsideGreen Bankshares, Inc. (NASDAQ: GRNB), today announced that it expects to post a loss of between $14 million to $16 million for the fourth quarter of 2008, reflecting the impact of significant and continued weakness in residential real estate markets ...
CBS: Bristol Palin the Face of ‘Growing Crisis’ of Teen Pregnancy - News BustersIn the final half hour of Thursday’s CBS Early Show, correspondent Bianca Solorzano reported on an increase in the teen pregnancy rate, using Bristol Palin as an example: "Teen pregnancy was on the RNC platform this year, literally, as Sarah Palin ...
Treasury denies 'more cash' claim - BBC NewsThat would mean rates are at their lowest point in the Bank's 315-year history. Ever since 1694, when the Bank was founded, its main interest rate has never fallen below 2%. A central bank printing money to inject into the markets is a strategy known ...
Rates tipped to hit all-time low - BBC NewsRates are set to reach their lowest level in the Bank's 315-year-history The Bank of England is expected to cut interest rates to their lowest level in its 315-year history when it makes its latest monthly decision later. With rates currently at 2 ...
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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