June 11, 2008

Pensions

Negative equity: Mortgage lenders seek transparency over valuations - Guardian Unlimited
Housebuilders will be required to tell mortgage lenders about any incentives they have given homebuyers, under changes designed to reduce the chance of new-build properties falling into negative equity. Announced today, the measures are a result of
Source: www.guardian.co.uk

Tight credit won't slam home values - Seattle Times
Rising defaults and foreclosures and an oversupply of homes are more likely to stunt a real-estate recovery than tighter mortgage standards, lenders say. "I think improvement [in the real-estate market] can occur while standards are still this tight
Source: seattletimes.nwsource.com

UK housing market: 'beyond tipping point' - Daily Telegraph
The UK housing market has "gone beyond tipping point", according to Merrill Lynch, raising the prospect that prices may be headed for a steep downturn similar to that Britain saw in the early 1990s. The investment bank said there was increasing
Source: www.telegraph.co.uk

Mortgages With No Money Down Still Available - Washington Post
Despite the bursting of the housing bubble, it's still possible to buy homes with no money down. In fact, it's possible to borrow up to 105 percent of the purchase price, leaving the buyer with more debt than the house is worth. It might sound like a
Source: www.washingtonpost.com

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