HSBC continues cutting US mortgage business with $4.9B loan sale to Credit Suisse

HSBC continues cutting US mortgage business with $4.9B loan sale to Credit Suisse

HSBC's reduction of its U.S. mortgage business, which began way back in 2008, took another big step forward recently, as the company announced
See Original Article

Myanmar starts first audit of state-owned banks in decades

BANGKOK • Myanmar is embarking on the first comprehensive audit of state-owned banks in decades, part of a push to modernise the financial
See Original Article

5-year mortgage rate rises – here's how to beat it

Years of mortgage rates continually falling to record lows means that borrowers have never had it better – they can get a low-cost mortgage deal and
See Original Article

Mortgages sell-off to vulture funds – Finance Minister should just say 'no'

THOUSANDS of families struggling to pay their Permanent TSB mortgage face the prospect of waking up to a letter telling them that they are now at
See Original Article

6 Steps to Check Before Refinancing Your Mortgage

Refinancing your mortgage might save you tens of thousands of dollars — or it might be a waste of time and money. Here's what to consider as you
See Original Article

Average US 30-year mortgage rate rises to year-high 4.21 pct

WASHINGTON — Long-term U.S. mortgage rates rose this week, marking new highs for the year. An increase in a key interest rate is expected by the
See Original Article

Sad but true: Prudent savers are getting hit with the highest mortgage rates

The pricing of mortgages these days has been affected in surprising ways by regulatory changes intended to cool the housing market. For example
See Original Article

Ontario reconsidering foreign buyer tax to cool housing market

In Ontario, the housing market has been heating up not just in Toronto, but across the whole Golden Horseshoe — the area surrounding the Great
See Original Article

Flexiti Financial wins LendIt Award for "Emerging Consumer Lending Platform"

NEW YORK, March 9, 2017 /CNW/ – LendIt, the world's largest conference in lending and fintech, announced that Flexiti Financial has been named the
See Original Article

Real Estate Advice: The costs of 'no cost' mortgages

A: A no-cost mortgage is a mortgage in which the lender either waives or pays all fees connected with the loan with some exceptions, which I will
See Original Article

We Must Call Governments Out On This 'Game Of Homes'

After observing and researching housing markets and housing policy for the past 20 years, my conclusion is that the default position for many modern
See Original Article

UPDATE 1-US 30-year mortgage rates highest since December – Freddie Mac

(Add quote, table, graphics) NEW YORK, March 9 U.S. 30-year mortgage rates rose to their highest since late December, in line with a spike in
See Original Article

Buy-to-let rates fall to record low, giving landlords 'breathing room' as hit to tax relief on mortgage …

The average two-year fixed rate buy-to-let mortgage rate fell to 2.76 per cent in February – lower than the 2.82 per cent recorded in January. The latest
See Original Article

Local Mortgage Market Flat in February

Shelby County's mortgage market had something of a Goldilocks' porridge moment in February – neither hot nor cold, but essentially on par with
See Original Article

Fewer CT, Hartford homeowners underwater

About 8 percent of Greater Hartford homeowners owed more on their mortgages than their homes are worth in the fourth quarter of 2016, down nearly
See Original Article

MBA: Mortgage App Volume Rises 3.3%

The Market Composite Index, a measure of mortgage loan application volume, increased by 3.3% on a seasonally-adjusted basis from one week
See Original Article

Ontario weighing foreign buyers' tax to cool housing market

TORONTO (AP) – The finance minister of Canada's most populous province is re-thinking a foreign buyers' tax as one possible option to cool Toronto's
See Original Article

Mortgage rates jump to 2017 high

The 30-year fixed-rate mortgage averaged 4.21%, up 11 basis points during the week. The 15-year fixed-rate mortgage averaged 3.42%, up from
See Original Article

Fight Big Banks Locally

A simple Google search reveals a number of sites with accurate reporting of pipeline investors. It's possible your banking institution is mired in these
See Original Article

'Tis The Season – To Pay Your Mortgage?

In its most recent Mortgage Monitor, Black Knight Financial Services dug deeper into a topic it had raised in an earlier edition, the seasonality of
See Original Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.