LONDON, Dec 30 (Reuters) - House prices in England and Wales fell by 12.2 percent on the year in November, the Land Registry said on Tuesday. The average house price in November stood at 161,883 pounds ($235,100), a fall of 1.9 percent on the month. The figures from the Land Registry are based on sale completions and therefore lag surveys by mortgage lenders which are already showing annual …
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Two of Britain’s biggest mortgage lenders, Halifax and Nationwide, have ditched their annual house price forecasts for 2009 because they think the market is too volatile to judge. As well as their long-standing monthly property price surveys, which will continue next year, the two lenders usually forecast in December what will happen to house prices over the next year. The Halifax’s …
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MDA Lending Solutions , a provider of advanced information solutions to the real estate lending industry, has developed its Managed Appraisal Platform, an electronic portal specifically for mortgage lenders seeking a way to achieve appraisal independence and regulatory compliance in their third party originations channel. The portal enables lenders and brokers to easily order appraisals from …
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WILMINGTON, Del.—-MDA Lending Solutions, a provider of advanced information solutions to the real estate lending industry, has developed its Managed Appraisal Platform, an electronic portal specifically for mortgage lenders seeking a way to achieve appraisal independence and regulatory compliance in their third party originations channel.
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Government help for hard-pressed mortgage payers will fail to prevent the number of repossessions next year from returning to levels last seen in the early 1990s, according to figures released by the Council for Mortgage Lenders yesterday. The body representing UK home loan providers warned 2009 would be “a very tough year” for the housing market, with activity down by more than half on …
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Dec. 29 (Bloomberg) — Federal Reserve researchers found that 169 independent mortgage companies ceased operations in 2007, crimping credit to consumers as the economy plunged into a recession.
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WASHINGTON, Dec 29 (Reuters) - U.S. mortgage lenders often require homeowners in flood-prone areas to carry special insurance. Should banks make companies buy recession insurance from governments before they can borrow?
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DAVE LIEBER 2008 is the year everything changed for Watchdog Nation. We can only look back fondly when we cared about someone not getting a $10 book they ordered on the Internet (”It?s the principle!”) The culprits behind today?s big problems ? banks, overleveraged financial companies, mortgage lenders, inadequate government regulators ? oh heck, just plain old greed ? have made most scams …
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The number of people who lose their homes because they can no longer pay the mortgage is expected to rise by 67% by the end of next year. The Council of Mortgage Lenders (CML) said today that repossessions will rise from 45,000 this year to 75,000 by the end of 2009. It also said the number of homeowners falling more than three months behind with their mortgage repayments will more than …
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WASHINGTON ? A government-backed alliance of mortgage lenders said it kept 2.2 million homeowners out of foreclosure this year, even as a separate report showed that many of those people likely fell back into trouble.
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