Romeo Santos IntroductionIn 2006, the sale prices for a home peaked. The same year began a steep decline in mortgage loans making refinancing difficult for homeowners. The adjustable rate mortgage began to reset at a higher interest rate contributing to… April 25, 2011 View full post on All Stories
Posts Tagged ‘mortgage loans’
AIB hopes slowing unemployment caps arrears
April 12th, 2011
davidguide Allied Irish Banks (ALBK.I) is hoping that slowing unemployment in Ireland will cap the proportion of its mortgage loans that are under stress. “From the forecast that I have seen the rate of unemployment growth is slowing and so we hope that we still have single figure percentage criticised loans in our mortgage book and [...]
British mortgage approvals slip to 8-month low
November 29th, 2010
davidguide LONDON (MarketWatch) — Banks approved 47,185 British mortgage loans in October, an eight-month low and down slightly from 47,369 in September, the Bank of England reported Monday. Total lending to individuals rose 0.1%, or 1.3 billion pounds ($1.5 billion), in October after a rise of 200 million pounds in September. The central bank’s favored measure [...]
Morgans Hotel Group Announces Extension of Loans on Hudson and Mondrian in Los Angeles
October 4th, 2010
davidguide NEW YORK, Oct. 4 /PRNewswire-FirstCall/ — Morgans Hotel Group Co. (Nasdaq: MHGC) (“MHG”) today announced that it has successfully amended and extended the non-recourse first mortgage loans secured by Hudson and Mondrian in Los Angeles until October 2011. Following the transaction, the amount View full post on All Stories
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