Archive for June, 2010

ABA chief warns on exit fee crackdown
AUSTRALIAN Bankers Association (ABA) chief executive Steven Munchenberg said Australia had the lowest entry fees for mortgages compared to the US and UK.

Mortgage rate drop fails to lure US borrowers
The drop in the rate on the U.K.’s most widely sold mortgage to a seven-year low has failed to revive lending because it’s too high to persuade borrowers to refinance when fixed-rate terms lapse, Moneyfacts.com said.

Cheap mortgages slash cost of running a home
LONDON (SHARECAST) - Homeowners have seen the cost of running a house tumble by 6% since 2008, or 9% allowing for inflation, thanks to rock bottom interest rates.

Mortgage rate drop fails to lure US borrowers
The drop in the rate on the U.K.’s most widely sold mortgage to a seven-year low has failed to revive lending because it’s too high to persuade borrowers to refinance when fixed-rate terms lapse, Moneyfacts.com said.

(AFX UK Focus) 2010-06-25 23:00 UPDATE 2-Crisis panel calls AIG’s Cassano, Goldman’s Cohn
By Steve Eder and Paritosh Bansal

ABA chief warns on exit fee crackdown
AUSTRALIAN Bankers Association (ABA) chief executive Steven Munchenberg said Australia had the lowest entry fees for mortgages compared to the US and UK.

Cheap mortgages slash cost of running a home
LONDON (SHARECAST) - Homeowners have seen the cost of running a house tumble by 6% since 2008, or 9% allowing for inflation, thanks to rock bottom interest rates.