Tag Archives: royal bank of scotland

JP Morgan Selling Bonds Backed By Commercial Mortgages

The mortgage securitization market has been dormant for four years. Now it is showing an inkling of life. Turmoil in the Middle East, however, is pushing up bond yields and pushing down bond prices. Report from Bloomberg: JPMorgan Chase & … Continue reading

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British Bank Rescue

From Australia: Hank Paulson’s a wimp. Alistair Darling, Britain’s Chancellor of the Exchequer, has shown him what a real bailout looks like, throwing £500 billion worth of support, including up to £50 billion of taxpayer-sourced equity, at the UK banking … Continue reading

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HBOS is worst hit by meltdown in markets

Report from the UK: HBOS was the biggest casualty yesterday when London’s leading shares plunged to a three-year low in the aftermath of the Lehman Brothers collapse. The Financial Services Authority (FSA) took the unusual step of issuing a statement … Continue reading

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Bleak UK Mortgage Market

LONDON (Reuters) – Bradford & Bingley <BB.L> issued a stark warning on the state of the UK mortgage market on Monday and slashed the price of its emergency fundraising to secure a private equity lifeline, hitting bank shares across Europe. … Continue reading

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Lenders Give Mortgage Brokers The Cold Shoulder

From the UK: UK’s biggest Lenders are now denying homeowners who approach them through mortgage brokers access to the best deals, insisting that they come to them directly. The decision by banks to deprive brokers of their best rates has … Continue reading

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Refinance & Mortgage Brokers

From the Times of London: Millions of homeowners who use mortgage brokers are being denied access to the best deals, after a decision by some of the UK‘s biggest lenders to offer their top rates only to customers who approach … Continue reading

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Mortgage Panic Spreads

Bloomberg says the Bank of England is about to cut interest rates again. This is England’s biggest mortgage mess since 1991 (though it does not have things as bad as America in this respect). The UK economy is not expected … Continue reading

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Britain Faces Mortgage Famine

The credit crisis has gone worldwide. Another big name has bitten the dust. Here’s a report: BRITAIN is facing a "mortgage famine", experts warned last night, after a major lender announced it was pulling out of the market for new … Continue reading

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Mortgage Crisis Attracts Sharks

The Times of London says that with millions of people affected by the credit crunch, loan sharks are moving in. While banks drop credit cards and discourage lending, loan sharks are offering liquidity but with stiff terms. However, it is … Continue reading

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