Archive for the ‘Mortgages’ Category
Monday, November 12th, 2007
High housing prices in some areas of the country have locked potential homeowners out of the market or have limited their housing choices to less than desirable properties. Inside Bay Area covered this phenomenon which has been getting more attention lately: loans from family members and friends.
Working much like a ...
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Monday, November 12th, 2007
Plenty is happening these days in the mortgage world. After the sub-prime scandal -- if you want to call it that -- there has to be something else to report on, right? Well, here goes:
Fixed mortgages continue to rise, for the fourth straight week at that according to published reports.
6 ...
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Monday, November 12th, 2007
The Irish government, awash in tax revenue thanks to a burgeoning economy, is proposing a one billion Euro investment in the Irish public housing market. The end result would be 14,000 new homes for Ireland.
Minister for Housing, Noel Ahern said:
"The funding of €1bn I am providing ...
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Monday, November 12th, 2007
Americans are not the only ones being pinched by their mortgages. Britons are also feeling the heat as rising mortgage costs take a bigger bite out of income. Currently, 19.9% of the average household income in the United Kingdom is devoted to making mortgage payments.
Incomes in the U.K. have increased ...
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Monday, November 5th, 2007
The nation's mortgage industry is being shaken by the increasing number of defaulting sub-prime mortgages. These types of mortgages are offered to consumers with below average credit ratings in a bid to help them get into a home. When they cannot afford mortgage payments, sub-prime borrowers are likely to default ...
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