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Mortgages News archive
Storm Damage Can Be 'Upsetting' » Monday 31st March 2008
An increasing number of homeowners are finding their property has been damaged by the elements, it has been suggested.
Figures released by Abbey indicate that over the course of the past week, when high winds and storms have battered many parts of England and Wales, the number of...
Full story » Mortgage Glossary of Terms » Sunday 9th December 2007
Adverse Credit
The term used if the borrower has a poor credit history. This could include previous mortgage or loan arrears, bankruptcy or CCJ's. Other terms used to describe an adverse credit mortgage include:
Bad credit mortgage
Poor credit mortgage
Non...
Full story » Fine unscrupulous lenders, says Obama » Friday 31st August 2007
Democratic senator, Barack Obama believes that lenders who underhandedly pedalled subprime mortgages to millions of unsuspecting Americans should be fined, and the funds acquired, used to support embattled borrowers facing repossession of their homes.
The senator, in contention for...
Full story » Capital One set to close Mortgage arm » Tuesday 21st August 2007
Capital One announced this past Monday (20th) the decision to close its mortgage lending subsidiary GreenPoint Mortgage, based in McLean, VA. This move comes as a result of the continuing problems experienced by lenders in the housing and secondary mortgage markets and was made at the close of...
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