Loans & Financing
NY Fed To Buy Fannie, Freddie Securities To Hold Down Mortgage Rates
The New York Federal Reserve bought $1.5 billion of mortgage-back securities, something that is supposed to end by late March. The statement reveals that a total of $170.631 billion has now been spent on similar bail-out ventures. The goal is to keep the mortgage rates lower and help the economy.
HDB rules changeJoyce Yeo The Straits Times 08.03.2010 | Decline In Late Mortgage Payments May Be A Positive Indicator For ForeclosuresLarry D. Spears Money Morning 08.03.2010 |
 BUYERS of non-subsidised HDB resale flats must now occupy their flats for at least three years before they can sell, under new rules unveiled yesterday. |  Late payments on mortgage loans declined slightly during the fourth quarter of 2009 — compared to the previous quarter — representing the first quarter over quarter decrease since mid-2006. Some analysts believe that the drop in 30-day delinquencies may be a positive indicator that the mortgage market is starting to stabilize, and that the number of foreclosure actions may start to decline. |
CIMB Thai sings off THB480-million loan to support U Delight @ Huay Kwang Station 4D Communication 03.03.2010 | Home truths: key factors when trying to get a mortgage Irish Independent 02.03.2010 |
 Mr Subhak Siwaraksa (3rd left), President and CEO of CIMB Thai Bank Public Company Limited, together with Mrs Ornruedi Na-Ranong (3rd right), Chairman of Grand Unity Development Company Limited and management from both companies, recently signed off a THB480-million loan agreement contract to support the U Delight @ Huay Kwang Station project, which launched into the market since end of last year. |  A permanent employment contract, a clean credit rating and a history of savings are key factors that will help mortgage seekers pass banks' rigorous stress-testing, writes Charlie Weston |
First loss for Allied Irish Banks after property loans hit This is London 02.03.2010 | Green loans for homes could push up property pricesJill Insley 02.03.2010 |
 Allied Irish Banks posted its first full-year loss today after suffering in Ireland's property market crash. |  Plans to make UK homes more energy efficient through new "eco-loans" could help to push up property prices but reduce the size of mortgages buyers can borrow, property market experts warned today. |
Your first steps on the property ladderEmma Wall The Telegraph 01.03.2010 | New rules favor flipping to move foreclosures East Valley Tribune 01.03.2010 |
 First-time buyers will find it harder than ever to get onto the housing ladder after Halifax – now part of Lloyds Banking Group – is to withdraw mortgages based on guarantees issued by parents. |  Flipping used to be a dirty word in residential real estate, but not anymore. A recent policy change by the U.S. Department of Housing and Urban Development is encouraging flipping to foster more sales of foreclosure homes that were badly damaged by the previous owners or others. |
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