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mortgage loans down 25%

mortgage loans drawn down in February decreased 24.8% month-on-month to $16 billion, the Monetary Authority announced today. mortgage loans approved decreased 12.1% to $26.7 billion. Among these, mortgage loans for primary market transactions dropped 24.2% to $6 billion, and those for secondary market transactions fell 10.9% to $15.9 billion. mortgage loans for refinancing rose 3.7% to $4.8 …

Home Buying 101: How to Get a Mortgage

Most homes are bought with mortgage loans, which let you buy property and come with tax-deductible interest. If you’re in the market for a new home, especially if you’re a first-time homebuyer, take some time to learn the ins and outs of mortgage financing so you know what to expect. You’ll also need documentation of liquid assets, cash in the bank, as well as credit history and current income.

Mortgage delinquency rates, foreclosures fall in Iowa City, Cedar Rapids

Foreclosure and mortgage delinquency rates fell in Cedar Rapids and Iowa City in November compared with the same month of 2013, according to CoreLogic of Irvine, Calif. The rate of Cedar Rapids area foreclosures among outstanding mortgage loans was 0.92 percent for November, a decline of 0.69 percent compared with 1.61 percent in November 2013. Foreclosure activity in Cedar Rapids also was lower …

Brazil mortgage financing slumps as activity wanes, group says

A measure of mortgage loan disbursements in Brazil rose at the slowest pace in more than a decade as rising borrowing costs, a stagnant economy and eroding confidence dampened demand for home loans, an industry group said on Wednesday. The amount of mortgage loans funded with resources from the country's SBPE savings and loan system totaled 112.9 billion reais ($43.4 billion) last year, a 3.4 …

U.S. mortgage applications rise in latest week: MBA

NEW YORK, (Reuters) – Applications for U.S. home mortgages rose last week as mortgage rates continued to slide, bringing activity to a 17-month high for a second straight week, data from an industry group showed on Wednesday.

Poland orders Swiss franc mortgage probe, weighs "extraordinary" measures

Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the franc surged last week. Separately, the heads of major banks were due to meet the finance minister, regulators and Central Bank governor Marek Belka at 1300 GMT, a day …