Archive for May, 2010

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Sunday, May 30th, 2010

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UK: Mortgage Approvals gain slightly, but below expectations
FXstreet.com (Barcelona) - UK Mortgages Approvals disappointed with on 35.7k new loans for April on a revised 35.0k prior month. Analysts were anticipating a much greater increase to 37.0k. The figure was released at a 24 hour delay.

Lenders cut back on interest-only loans
Interest-only mortgages are being phased out as some of the biggest UK lenders raise rates and tighten restrictions. It makes financing a property purchase even more difficult for the self-employed and those without a regular wage.

(AFX UK Focus) 2010-05-25 15:12 UPDATE 1-Freddie Mac portfolio grows, delinquencies mixed

Saturday, May 29th, 2010

(AFX UK Focus) 2010-05-25 15:12 UPDATE 1-Freddie Mac portfolio grows, delinquencies mixed
NEW YORK, May 25 (Reuters) - Freddie Mac, the No. 2 U.S. home finance agency, said on Tuesday its portfolio grew in April for the first time in 2010 after the Federal Reserve concluded its buying of mortgage securities in March. The levels of home loans with late payments were mixed in April but remained above year-ago levels, suggesting persistent strain on home-owners due to high unemployment …

(AFX UK Focus) 2010-05-18 20:13 US 30-yr mortgage rates drop in latest week-Zillow
By Julie Haviv

(AFX UK Focus) 2010-05-13 11:47 UPDATE 1-UK home repossessions at 2-year low in Q1 -CML
By Fiona Shaikh

Mortgages could be threatened

Saturday, May 29th, 2010

Mortgages could be threatened
Residential mortgage loans in New Zealand may have performed well compared to the rest of the world during the global financial crisis but high unemployment and impending interest rate increases could erode affordability in the sector, a ratings agency said.

(AFX UK Focus) 2010-05-05 10:00 UPDATE 1-Swedish FSA seeks 85 pct loan/value mortgage limit
STOCKHOLM, May 5 (Reuters) - Sweden’s top financial regulator took aim at the country’s booming property market with a proposal on Tuesday that banks limit the value of home loans to 85 percent of a property’s value. Swedish policymakers and regulators have been increasingly concerned about rising household debt levels and fast-rising property prices despite the economic downturn, and are keen …