Archive for the ‘Mortgages’ Category

(AFX UK Focus) 2008-11-28 16:30 UPDATE 1-UBS slashes target on Bank of America by 48 pct (Interactive Investor)
(Changes source; recasts, adds analyst comments, background) Nov 28 (Reuters) - UBS slashed its price target on Bank of America Corp by 48 percent, citing tighter credit conditions, uncertainty over near-term prospects of the Merrill Lynch & Co deal and risk of additional writedowns. Tight credit conditions will continue into 2009 as banks focus on maintaining sufficient capital and liquidity …

PRESS RELEASE:Fitch Takes Rating Actions On UK Build Societies (Nasdaq)
Fitch Ratings-London-21 November 2008: Fitch Ratings has today taken various rating actions on nine UK building societies. The actions include downgrades of the Long-term Issuer Default ratings (IDR) of three building societies and the Short-term IDR of three building societies.

Mortgage lending feels the strain (BBC News)
The slump in mortgage lending by the UK’s biggest banks continued in October, a banking body says, with approvals down 52%.

Just Another Manic Monday
[IMG [Citibank]]$326Bn for Citigroup - Yippee! That was a real painful one to ride down and I was getting really concerned that I was wrong and the government was actually crazy enough to let C fail. We decided to stick with them and roll the adjustments (see Friday morning’s post) to bring our net down to $4 but that didn’t make us feel much better with the stock below that mark. On top of that, our decision mid-week to switch to UYGs as they fell below $4 should also work out well! Under th

Home Mortgage Direct Lender
There are websites in the UK that provides a person with lenders.They directly to the person with a form that is filled to obtain a loan specific, such as mortgage loan…

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.