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Banks moving to lower mortgage interest rates

admin — Fri, 13 Apr 2012 16:11:17 +0000

Banks moving to lower mortgage interest rates
By He Wei (China Daily) Mortgage interest rates have fallen recently in Chinese first-tier cities, a sign the country's property market is gradually reviving, analysts say. Large banks in Shanghai and Beijing have said they will be adjusting the terms …
Read more on China Daily

Italy pays higher interest rates to raise money
Italy's borrowing rates had eased in recent months thanks to government reforms and cuts, as well as emergency European Central Bank loans to banks. But uncertainty has returned to the eurozone's periphery countries, particularly Spain.
Read more on BusinessWeek

Mortgage to Lease: Good for Borrowers, Better for Banks

admin — Wed, 04 Apr 2012 16:10:42 +0000

Mortgage to Lease: Good for Borrowers, Better for Banks
For Bank of America (NYSE: BAC ) , the pioneer of this new idea, it could become a very lucrative alternative to the standard home-repossession procedure. Bank of America recently announced its new program, called Mortgage to Lease, which will be …
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This can be a horrible job. People are losing home
“We get abuse and threats; we have to live with the fact that people automatically hate us because of the job we do,” says Emma Gregory, of Sheffield-based repossession firm Total Property Solutions. Emma, who was a national account manager for …
Read more on The Star

Magufuli shock order to buyers of govt houses
Speaking in Morogoro at the weekend, Dr Magufuli ordered TBA to repossess all houses whose buyers would not have completed the payment after the expiry of the deadline. The order by the minister comes at a time when the debate on the sale of government …
Read more on The Citizen Daily

Book Of The Year: Myth Behind Foreclosure, Wall Street,big Banks & You

admin — Mon, 09 Jan 2012 01:14:35 +0000

Knowledge You Can Use Today! Stop Any Foreclosure, Eviction Or Bank Take Over Now! Use The Laws & Techniques The Author Did To Recover Properties Under Federal Law. Real Affidavits Filed By The Author Against Big Banks & Mers. First Hand Info Aaa+ Rated!
Book Of The Year: Myth Behind Foreclosure, Wall Street,big Banks & You

Credit card rates: Banks wage war as Barclays introduces interest-free credit

admin — Wed, 20 Jul 2011 00:48:46 +0000

Credit card rates: Banks wage war as Barclays introduces interest-free credit
A battle of the banking giants has begun after Barclaycard introduced a record 24 months of interest-free credit for balance transfers.

4 PSU banks raise interest rates by up to 50 bps

admin — Sun, 17 Jul 2011 00:48:01 +0000

4 PSU banks raise interest rates by up to 50 bps
4 PSU banks raise interest rates by up to 50 bps4 PSU banks raise interest rates by up to 50 bps

China raises interest rates as Temasek sells $3.6bn in China banks

admin — Fri, 08 Jul 2011 00:48:56 +0000

China raises interest rates as Temasek sells $3.6bn in China banks
China raised interest rates for the third time this year as the country continued its battle against soaring prices.

Obama Administration, State Officials Expected To Give Banks New Mortgage Terms As Some Question Pace Of Negotiations

admin — Mon, 09 May 2011 01:53:39 +0000

Obama Administration, State Officials Expected To Give Banks New Mortgage Terms As Some Question Pace Of Negotiations
WASHINGTON — The Obama administration and state officials are expected to offer the nation’s five largest mortgage firms updated terms next week in ongoing negotiations over a settlement regarding the firms’ faulty treatment of borrowers, according to three people with knowledge of the government plan.

Dollar Bank’s Annual “Mortgages for Mothers” Workshop Expected to Draw Largest Crowd Ever

admin — Sat, 02 Apr 2011 02:17:17 +0000

Dollar Bank’s Annual “Mortgages for Mothers” Workshop Expected to Draw Largest Crowd Ever
PITTSBURGH, PA–(Marketwire – 04/01/11) – If early registration for Dollar Bank’s upcoming “Mortgages for Mothers Workshop” is any indication, there are more people than ever who want to learn the right way to prepare to purchase their first home. At least that’s what Mona Generett thinks. She’s Dollar Bank’s VP for Community Development and the designer of the bank’s ” Mortgages for Mothers …

Read more on Marketwire via Yahoo! Finance

Chinese banks hike rates by as much as 45%

admin — Thu, 27 Jan 2011 00:49:23 +0000

Chinese banks hike rates by as much as 45%
Some Chinese banks have raised interest rates on loans by as much as 45 per cent in a drastic move to rein in credit growth after a lending surge this month, state media reported on Wednesday.

Banks report fewer mortgages going bad

admin — Thu, 20 Jan 2011 02:30:36 +0000

Banks report fewer mortgages going bad
Americans are starting to get their household finances in order. In an encouraging round of earnings reports, major banks say fewer mortgages are going bad, credit card defaults are down and more people are paying the bills on time. One of the nation’s largest consumer lenders, Wells Fargo, said Wednesday that 29 percent fewer loans [...]