Credit Crunch
Bovis announces £78.7million loss after collapse of mortgage market
Bovis Homes has announced that its revenue fell almost 50 per cent last year, due to the sharp fall in the number of homes sold as potential buyers struggle to get a mortgage in the current economic climate.
The house building group completed 1,817 homes in 2008, about a third fewer than the number completed in [...]
Mortgage Lending Criteria Get Tougher – www.ThinkMoney.com
Bad Credit Mortgages provider www.ThinkMoney.com discuss the tightening of mortgage lending criteria.
Read Full Post | Make a Comment ( None so far )Mortgage Blog Roundup
Some great mortgage articles over at www.ThinkMoney.com today. Have pulled a few of them together:
House Prices, Who’s Talking, who’s listening?
‘Second wave’ of bank losses expected
Lehman bankruptcy could squeeze mortgage market
US Mortgage Market may help our loans
If you don’t read any of them, make sure you read the House Prices article, well written and has a [...]
Read Full Post | Make a Comment ( None so far )House Prices
Excellent article on house prices here:
http://www.thinkmoney.com/expert-mortgage-views/1370/house-prices.asp
Lehman Brothers Bankruptcy Press Release
AS PREVIOUSLY ANNOUNCED, LEHMAN BROTHERS HOLDINGS INC. FILED CHAPTER 11; NO OTHER U.S. SUBSIDIARY OR AFFILIATE, INCLUDING ITS BROKER-DEALER AND INVESTMENT MANAGEMENT SUBSIDIARIES, WAS INCLUDED IN THE FILING
NEW YORK, September 15, 2008 – Lehman Brothers Holdings Inc. (“LBHI”) stated that it has filed a petition under Chapter 11 of the U.S. Bankruptcy Code with the [...]
Lehman bankruptcy rocks the world markets
The announcement of the Lehman Brothers bankruptcy after putting too much money into sub prime mortgage bonds.
Below is a link to an excellent article by The Guardian – an FAQ on the Lehman bankruptcy.
Could the US government have stepped in?
The US treasury has reached the limit of taxpayer funds it is willing to gamble on [...]
Mortgage rate cuts at Cheltenham & Gloucester
Today sees mortgage rate cuts from mortgage lender Cheltenham & Gloucester.
Full article here
Mortgage Rescue Schemes
As the goverment announces a £1bn mortgage rescue scheme, The Guardian looks into the concept and practicalities of mortgage resuce schemes.
Given the option, few people would choose to be a housing association tenant ahead of being a homeowner.
Tenants have fewer rights, no financial stake in their home, and arguably greater social stigma.
But if the alternative [...]
ThinkMoney.com: Mortgage Rates to come down
Financial Solutions group www.ThinkMoney.com reports that Mortgage Rates are coming down.
Read the the rest of their article here: Mortgage Rates to come down
Good news for mortgages, as major mortgage providers announce a series of reductions in rates. Each one may not be huge, but as the BBC puts it: “The new rates highlight the trend [...]
Fairinvestment.co.uk reports prepaid credit cards no longer just for bad credit histories
As the credit crunch hits the UK, Fairinvestment.co.uk, leading online comparison site, announces that prepaid credit cards are no longer just for people who have bad credit histories, and could be the answer to those who are looking for the functionality of a credit card but want to avoid the risk of debt.
“A prepaid credit [...]
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