Tag Archives: arrears

UK Mortgage Approvals Near Record Low

From Reuters: LONDON (Reuters) – The number of mortgages approved for house purchase was the second weakest on record in April, a survey shows, suggesting no let-up in the property market downtrend. The British Bankers’ Association said approvals for home … Continue reading

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Australian Mortgage Delinquencies Rise

May 27 (Bloomberg) — Australia‘s delinquencies on mortgages to people with good credit histories rose in February to the highest in 11 months, according to Standard & Poor’s. Arrears rose in February because of Christmas credit spending, volatility in global … Continue reading

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Lending Increases In UK

Despite tales of lenders refusing mortgage applications, figures released today (Thursday, May 22nd) showed that mortgage lending has risen slightly. According to the Council of Mortgage Lenders (CML), gross mortgage lending in April was up five per cent from March … Continue reading

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UK’s Mortgage Lending Halves

From the Guardian: Nationwide, Britain‘s largest building society and second-largest mortgage lender, yesterday reported a 40% fall in mortgage lending last year, in the latest sign of the credit crunch’s effect on housing. The retreat from mortgage lending is further … Continue reading

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Australia’s Subprime Crisis Ending?

Here’s a report from down under: AUSTRALIA has weathered the worst of the financial storm sparked by the US sub-prime mortgage meltdown, a top central banker says. Assistant Reserve Bank governor Guy Debelle’s prediction is good news for borrowers slugged … Continue reading

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