Archive for January, 2009

Chattanooga: Mortgage refinancing booms (Chattanooga Times Free Press)

Saturday, January 31st, 2009

Some mortgage lenders say interest rates that have dropped to among the lowest in history are drawing homeowners to refinance their loans.

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MOVES-Jefferies, China Financial, Altium Capita (Reuters via Yahoo! Philippines News)

Saturday, January 31st, 2009

(Adds Jefferies, Council of Mortgage Lenders)

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Are You a Good Leader? (BusinessWeek)

Saturday, January 31st, 2009

You will be if you draw on key ethical principles. Here’s how to do it, whether you’re a CEO, a banker, an entrepreneur, or anyone else in business

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Lenders cite squeeze on savers as they seek to limit mortgage cuts (Independent)

Saturday, January 31st, 2009

Mortgage lenders are moving to dampen hopes that the cut in the Bank of England base rate expected this week will lead at once to lower borrowing costs.

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Call for longer guarantees on loan holidays (Financial Times)

Saturday, January 31st, 2009

Banks are pressing for extended government guarantees on state-backed payment holidays aimed at struggling homeowners ? which could leave taxpayers exposed for up to 10 years.

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Watchdog to probe rent back firms (BBC News)

Friday, January 30th, 2009

The Office of Fair Trading asks 16 firms offering sale and rent back deals to backup claims made in adverts.

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Sometimes, Loans Should Be Unlocked (Washington Post)

Friday, January 30th, 2009

A few weeks ago, I answered a question from a reader who was applying for a mortgage. That week, interest rates dropped half a percentage point overnight. The reader had locked in at the higher rate and was wondering what he should do now that the interest rates were so much less than what he had been offered.

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(AFX UK Focus) 2009-01-30 20:53 UPDATE 2-MOVES-Jefferies, China Financial, Altium Capita (Interactive Investor)

Friday, January 30th, 2009

(Adds Jefferies, Council of Mortgage Lenders) Jan 30 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

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Nationwide?s Wyles becomes CML chairman (Money Marketing Online)

Friday, January 30th, 2009

The Council of Mortgage Lenders has revealed that Nationwide group distribution director Matthew Wyles has been appointed chairman. …

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Thousands poised for 8p-a-month mortgages as lenders caught out by base rate cuts (Times Online)

Friday, January 30th, 2009

The 8p-a-month mortgage is set to become a reality for thousands of borrowers next week because of over-generous loan terms offered by banks and building societies in the benign era just before the credit crunch hit.

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