Archive for August, 2008

What is the Credit Crunch? From www.asrecommended.co.uk
The Credit Crunch is the term used to describe an economic situation where there is reduced availability of credit from financial institutions predominantly in the form of home loans and mortgages.

THE WORLD today!
——————————————————————————— 1. US-Presidential Election 2008 Barack Obama, winning more than 2206 delegates (including 441 superdelegates) has succeeded to clinch the Democratic Presidential nomination and Clinton, the most successful female Presidential candidate in US history, ended her courageous campaign with an emotional speech, asking her voters to get behind Obama, endorsing his nomination and giving her full support to him. Obama and Clinton agreed on a joint public rally in an effort to

(AFX UK Focus) 2008-08-26 12:49 UPDATE 1-Thornburg survival in doubt after new margin calls (Interactive Investor)
NEW YORK, Aug 26 (Reuters) - Thornburg Mortgage Inc , a specialist in jumbo home loans, said its survival remains in doubt following additional margin calls, as it scrambles to complete a restructuring and avoid collapse. The Santa Fe, New Mexico-based company said it covered $219 million of demands for collateral on August 21, and may face an additional $25.9 million of margin calls. It said it …

UK Mortgage Approval Numbers in a Decline
British Bankers Association reported that home loan approvals declined from 34,752 in April to 27,968 in May. This May’s number is 56.1% lower than the same time last year, and it’s the lowest number of mortgage approvals since 1997, when the BBA started recording data on the topic.

Cairns Lockie Mortgage Commentary 29 August 2008 (Scoop.co.nz)
Welcome to the fifteenth fortnightly Cairns Lockie Mortgage Commentary for 2008. We aim to keep you informed on developments at Cairns Lockie, Home Loans and the mortgage market in general.

Bad Credit Residential Mortgage Posted By : Donna Elizabeth Lewczuk
Bad Credit Residential Mortgage Posted By : Donna Elizabeth Lewczuk Less Than Perfect Loan Scenario? Not Necessarily a Problem How to Get More Time from the Bank to Stop Foreclosure Posted By : Nick Adama The bank, working through its local attorneys, will typically attempt to push through the legal process as quickly as possible, in order for the lawyers to get paid and the bank to have an empty house they can sell on the market. Homeowners, on the other hand, would like more time and nego

Commercial Mortgages UK Posted By : David Smith
Commercial Mortgages UK Posted By : David Smith If you are looking for commercial mortgages in the UK, taking help from a professional broker can save you a whole lot of money and at the same time provides you with the best rates for the particular mortgage you desire. A professional broker will search the entire UK marketplace on your behalf and has the access to lenders that you do not. Hence, a specialist will always be able to advise you on the best solution for your particular needs. Wh