Mortgage payments for Auckland's most affordable homes are costing first-time buyers nearly half their take-home pay each week, a new report shows.The AMP360 Home Loan Affordability report, released yesterday, identified young couples,…
Prudential Mortgage Capital Company today announced it provided a $110 million Fannie Mae loan to a real estate investment manager to acquire Residences on the Avenue, a 335 unit apartment community in the Foggy Bottom neighborhood of Washington, D.C.
By Mr. Propwise Home buyers with loans pegged to the Singapore Interbank Offered Rate (SIBOR) have recently had some unpleasant experiences with their ballooning mortgage repayments. First, we saw the three-month SIBOR rise above 1 per cent for the first time in six years. This means all loans pegged to it will start to re-price
The receding likelihood of a base rate rise in 2015 has a sparked a price war between banks and building societies The number of mortgages take out for house purchases and remortgages increased in February, figures from the Bank of England showed, as rates continued to fall and lenders got to grips with affordability rules. Related: Ignore the ‘experts’ and split your mortgage two ways Early …
Move over, Yelp. The federal government's top consumer agency has just begun allowing mortgage borrowers to vent publicly — in full narrative detail — about the bad experiences they've had with financial institutions.
Being debt free doesn?t beat having cash in the bank, one financial adviser argues.
Freddie Mac today released the results of its Primary Mortgage Market Survey® , showing average fixed mortgage rates moving down again across the board. Average fixed rates that continue to run below four …
Nationstar Mortgage (NSM) fell nearly 17% in the last trading session amid huge volumes, continuing its recent trend, as the stock is now down nearly 17% in the past one month.
NEW YORK (TheStreet) — Shares of Nationstar Mortgage were falling 9.6% to $28.17 on heavy trading volume Wednesday after the mortgage investment company announced the pricing of 17.5 million shares of common stock in its public offering. Nationstar Mortgage priced the 17.5 million shares of common stock in the public offering for gross proceeds of about $500 million. The underwriters of the …
Bear of the Day: PennyMac Mortgage (PMT) – Bear of the Day