First-time buyers face tougher mortgage restrictions
First-time buyers face tougher mortgage restrictions
The introduction of mortgage caps, to head off another financial crisis, is said to be on the Bank of England’s agenda Speculation this week that the Bank of England may introduce mortgage caps restricting how much people could borrow prompted a flurry of debate, and again put the spotlight on the plight of first-time buyers. Some commentators pointed to new figures showing how few mortgages are …
Housing Is On Shaky Ground
The U.S. government launched its Home Affordable Modification Program early last year to slow the cascade of home foreclosures. While the program has fallen short of some hopes, it’s had a surprising side effect: a way to compare how bank-owned loan servicing operations fare against independent rivals.
What does reform mean for mortgages?
The world financial crisis started with the mortgage market; so it’s logical, when the Chancellor, George Osborne, announced his plans for reform of financial regulation, that greater supervision of home loans would be a central plank.