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NY Fed To Buy Fannie, Freddie Securities To Hold Down Mortgage Rates

Amy Munday Huliq.com 09.03.2010
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 change

Joyce Yeo The Straits Times 08.03.2010
HDB rules change

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.

Decline In Late Mortgage Payments May Be A Positive Indicator For Foreclosures

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

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.

Young people planning to buy a home need to have a clean credit history, while banks are reluctant to fund purchases of apartments

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

Allied Irish Banks posted its first full-year loss today after suffering in Ireland's property market crash.

Green your home and repay the loan with a friendly pay-as-you-save scheme Photograph: David Cole/Rex Features

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 ladder

Emma Wall The Telegraph 01.03.2010

New rules favor flipping to move foreclosures

East Valley Tribune 01.03.2010
Your first steps on the property ladder

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.

A home in the Village at Copper Basin in Pinal County that has been foreclosed on.

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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