(AFX UK Focus) 2008-12-30 20:09 UPDATE 1-Fannie Mae November mortgage portfolio up 9.3 pct (Interactive Investor)
(AFX UK Focus) 2008-12-30 20:09 UPDATE 1-Fannie Mae November mortgage portfolio up 9.3 pct (Interactive Investor)
NEW YORK, Dec 30 (Reuters) - Fannie Mae, the largest U.S. home funding provider, on Tuesday said its gross mortgage portfolio grew by a 9.3 percent annual rate in November, its second full month under government control. The company’s mortgage holdings rose by about $5.8 billion last month to $782.9 billion, which compares with $722 billion a year earlier and is up by 8.9 percent year-to-date. …
Mortgage payment insurance for homeowners
When times get tough and bills become harder to pay, people can sometimes start to wonder how they will keep up with a home loan, if they have one. There is no shortage of UK providers offering mortgage payment insurance, and most people will be offered it by their own home loan provider.
Is the crunch putting the brakes on credit cards?
by Mark Wright The current credit quagmire is a different animal to previous slowdowns, economic downturns or financial crises. Firstly it has a catchy, media-friendly name (’Credit Crunch’). Secondly and most importantly it’s hit consumers harder and much earlier than previous ‘economic readjustments’. The catchy title isn’t to be underestimated - the media’s love of the term has raised awareness amongst the general public that there is a major problem with the financial system. It’s also brou