| Related News Government warned of mortgage meltdown
Read full story for latest details. Mortgage approvals still falling
Mortgage approvals drop again in October, official figures show, suggesting that house sales and prices have further to fall. RBS offers mortgage arrears delay
Defaulting customers of Royal Bank of Scotland will be given six months before legal action is taken, the bank says. Mortgages: Lenders Become Proactive
Lenders are asking that anyone with a debt-to-income ratio exceeding 38 percent contact the company that sends the borrower?s monthly mortgage bill. Meltdown far from over, new mortgage crisis looms
AP - Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the housing market. Meltdown far from over, new mortgage crisis looms
AP - The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide. Meltdown far from over, new mortgage crisis looms
The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide. Mortgage Lenders Report Rise In Number Of Refinancing Applications Following Announcement of $800 Billion Bailout
The Tuesday announcement by Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke of an $800 billion package designed to help consumers obtain loans and refinance their home mortgages have stirred troubled homeowners into action. - Thu, 27 Nov 2008 06:17:03 GMT Borrowers seek a 'taste of the bailout pie'
Would-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. Breakingviews.com: Baking Some Stability Into Banking
Like baking, banking is a necessity, but as a business it?s not nearly as stable. Mortgage rates chopped by 2 Canadian banks
Two Canadian banks did their bit to unclog the constricted housing market Wednesday by cutting mortgage rates. Mortgage rates plummet
Mortgage rates fell sharply yesterday after the administration announced that it will pump another $800 billion into credit markets to free up frozen consumer and mortgage lending. Trying to end the mortgage rate lag
Bad news is good news for Treasury investors, and recently, there has been a whole lot of bad news. Mortgage rates, however, have not fallen with Treasury yields, but an $800 billion government bailout could change all of that. Paulson, Bernanke Announce $800 Billion Lending Program Designed To Provide Credit To Consumers, Ease Mortgage Rates
The Federal Reserve and the Treasury Department announced on Tuesday an $800 billion lending program designed to provide consumer loans and bring down home mortgage rates. - Wed, 26 Nov 2008 05:44:54 GMT Mortgage-market revival: Try, try again
The feds are trying once more to resuscitate the mortgage market. But history shows reviving this patient won't be easy. New gov't loan programs aim to help mortgage, credit debt
AP - The government, still struggling to manage a severe financial crisis, unveiled two new programs Tuesday that will provide $800 billion to try to help unfreeze the market for consumer debt from home mortgages to credit cards. Record number of borrowers get mortgage help
Mortgage lenders helped save a record 225,000 at-risk mortgage borrowers from losing their homes during October, according to a report issued Tuesday by a coalition of lenders, mortgage servicers, investors and counselors assembled to fight the foreclosure plague. U.S. Markets Point To Higher Open On GDP Data, Fed Mortgage Buying
U.S. markets are set to open higher Tuesday as plans by the Fed to purchase distressed mortgage backed assets coupled with in-line GDP data have the futures trading well higher. - Tue, 25 Nov 2008 09:05:13 GMT Fed announces new plan to support mortgage
The Federal Reserve, in another massive life-support intervention for the U.S. financial system, on Tuesday announced a $600 billion program to buy mortgage-related debt and securities and a $200 billion facility to buy consumer debt securities, Government plans new credit, mortgage programs
AP - The government introduced a pair of new programs Tuesday that will provide $800 billion to help unfreeze the market for consumer debt and to make mortgage loans cheaper and more available. Fed mortgage plan boosts European stock markets
AP - European stock markets spiked higher Tuesday as Wall Street was expected to post further strong gains after the U.S. Federal Reserve unveiled another raft of financing measures to free up credit markets. 2 Fed Programs Aimed at Easing Tight Credit
The Federal Reserve said it will purchase up to $100 billion in direct obligations from the mortgage finance giants and another $500 billion in mortgage-backed securities. Stocks set for higher open
U.S. stocks were set for a higher open Tuesday after the government said it would act to boost consumer and mortgage lending. Credit crunch hits Paragon profit
Buy-to-let mortgage lender Paragon Group reports a 43% fall in annual profits following the credit market turmoil. Mortgage lending feels the strain
The number of mortgages approved for house purchases in October by top UK banks fell 52% from a year ago, a banking body says.
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