UK mortgage lending rises in July

U.K. mortgage lending rose significantly in July for the second straight month but the market is likely to remain subdued for some time, the Council of Mortgage Lenders said Monday.

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Report: UK mortgage lending up 17 pct in June

Gross mortgage lending in the United Kingdom rose by 17 percent in June compared to the previous month but still lagged at about half of year-ago levels, the Council of Mortgage Lenders said Monday.

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UK home repossessions up 12 pct in 3Q from 2Q

Home repossessions in Britain jumped 12 percent to 11,300 in the third quarter from the previous quarter, the Council of Mortgage Lenders said Friday, more evidence that the financial crisis is taking its toll on households and the ailing housing market.

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UK mortgage approvals halved from year ago

Mortgage lending in Britain has more than halved over the past year, according to the British Banker's Association — further evidence that the economic downturn is dramatically hurting the country's property market.

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Clinton Seeks Aid for At-Risk Homeowners

Democratic presidential front-runner Hillary Rodham Clinton on Tuesday called for penalties against mortgage brokers who engage in predatory lending and a $1 billion federal fund to help homeowners avoid foreclosure.

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We'll Always Have 2005........Economic Update

President Obama's administration is shocked, shocked at the continuing trouncing of jobs throughout the country. The stock market has entered into the promise land of the 10,000 plus, corporations from Amazon to J. P.

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WASHINGTON - House Financial Services chairman Barney Frank, assembling a bill to overhaul financial regulations in hopes of preventing another economic meltdown, agreed yesterday to add consumer and community advocates to an oversight board that would monitor the credit industry …

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The Long Goodbye......Economic Update

Say goodbye to the recession. Fed chair Ben Bernanke made the announcement on Tuesday.

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As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers—many of them the very sorts of firms that helped create the current financial crisis—are going strong.

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"Stocks broke through into positive territory on Tuesday as investors warily made their way back into the market a day after the worst session in seven years.

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"We call it the 'Bank of America bill on steroids.'" -Anonymous House staffer > The staffer was referring to the Dodd-Shelby bill that would let mortgage lenders off the hook for bad loans, ultimately shifting the burden to taxpayers.

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Easily the best assessment I've seen thus far of the Northern Rock situation, and the bias of a tabloid press, which even the BBC seems to have fallen for.

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Critics call it the new redlining: Many of the country's largest mortgage lenders are imposing loan restrictions in entire counties or Zip codes that they rank as risky or "declining."

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Learn all about hard money and private lending and how to use them to rocket your way to $1 million in liquid cash, retire from the BS of the mortgage business today, and still rake in absolutely ridiculous fees without having to log long hours or do any of the mind-numbing work  …

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The Chancellor rebuked mortgage lenders yesterday for fuelling an 'unsustainable' boom in house prices. In an exclusive interview with the Daily Mail, Alistair Darling said banks and building societies must be more responsible with their lending.

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A BBC investigation has found sub-prime mortgage lenders who give loans to people with bad credit records account for more than 70% of all repossessions.

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"On Friday the financial world was rocked when one of the biggest UK mortgage lenders Northern Rock received emergency support from the Bank of England. " What is the biggest personal problem ordinary people face? The answer increasingly, is debt.

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Once again Obama takes the lead against industry lobbyists, this time against lobbyists for mortgage lenders, with a proposal that unscrupulous lenders be fined to help bail out those new homebuyers the lenders signed up who can't afford their mortgages.

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