(AFX UK Focus) 2008-10-01 06:05 UPDATE 1-Fannie Mae says portfolio, delinquency rates rise (Interactive Investor)
(AFX UK Focus) 2008-10-01 06:05 UPDATE 1-Fannie Mae says portfolio, delinquency rates rise (Interactive Investor)
NEW YORK, Sept 30 (Reuters) - Fannie Mae, the largest provider of funding for U.S. home mortgages, on Tuesday said the rate of growth in its investment portfolio slowed in August to a level not seen since the spring. The rate of delinquencies on loans guaranteed by the company in July shot up the most in nearly three years. Fannie Mae’s mortgage investment portfolio increased at a 3 percent …
anytypeofloan.co.uk
Tenant bad creditMost lenders will not go near a tenant with bad credit for the purposes of a loan or mortgage and lets face it, why would they? No guarantee that the loan can or would be repaid and no security like a home to repossess if things went really bad. It hust wont work will it? Tenants with bad credit present the highest risk possible to
Some of the fault lies closer to home (Financial Times)
“Small island, big problem” was the headline in some editions of the Financial Times on Wednesday. It referred to Iceland, which has gone bust and had to seek a €4bn loan from Russia. But it could have been about the UK, which has pumped £50bn of equity into its biggest banks.