Tag Archives: mortgage credit

Subprime Mortgages

The American home ownership rate jumped from 45% to 65% in the decade after WWII. Mortgage credit possibilities were opened up to the middle class. Poor people were rarely able to participate in this boom. In 1994, America’s home ownership … Continue reading

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Where’s My Mortgage, Mate?

From the BBC: The credit crunch has led Britain‘s banks and building societies to charge higher interest rates on the money they lend out and to withdraw thousands of mortgage deals, leaving increasing numbers in a desperate situation. Disappearing deals … Continue reading

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Mortgage Market Changes

There’s been a lot of change over the past decade. Nowadays about 70 of home buyers begin their search online. Lenders now decide on a credit by using complicated computer-generated models. They underwrite and process loans via desktop computers. There’s … Continue reading

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When Should You Seek A Mortgage?

Jessica Bennet writes: Getting a home loan/mortgage isn’t always tough; what matters is how well you can manage it. Your credit score Your income and liabilities Your down payment 1. Are you debt-free? Have you taken out credit cards, personal … Continue reading

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UK Mortgage Lending Crunch

From Reuters: "The credit crunch has resulted in a gap in the availability of mortgage credit relative to demand. Lenders have changed their product ranges, tightened lending criteria and reviewed their pricing in order to maintain their individual ability to … Continue reading

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Australia’s Bond Market

May 16 (Bloomberg) — Australia‘s market for securities backed by residential mortgages, which ground to a standstill last year amid the global credit squeeze, shows signs of improving, said Guy Debelle, a Reserve Bank assistant governor. Debelle, whose speech didn’t … Continue reading

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UK Interest Rates For Risky Mortgages At Highest Rate In 8 Yrs

A lot of lenders are fleeing the home mortgage market. There’s a credit crunch. Even those with good credit are having a hard time getting loans. Mortgage credit still easiest to come by in the US. LONDON (Reuters) – The … Continue reading

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What Is A Cash-Back Mortgage?

The Freakanomics blog opened my eyes to a common black market real estate process — the cash back mortgage. Say you want to buy a $300,000 home but you don’t have the $30,000 required down payment. The real estate agent … Continue reading

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