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Australian Home-Loan Approvals Drop to Seven-Year Low (Update2) (Bloomberg)
Oct. 8 (Bloomberg) -- Australian home-loan approvals fell in August to a seven-year low, supporting the central bank's decision yesterday to cut the benchmark lending rate by 1 percentage point, the most since a recession in 1992.
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Australian Home-Loan Approvals Drop for Seventh Month (Update1) (Bloomberg)
Oct. 8 (Bloomberg) -- Australian home-loan approvals declined for a seventh month, supporting the central bank's decision yesterday to cut the benchmark lending rate by one percentage point, the most since a recession in 1992.
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Loan Scam Artist Loses His Home (New London Day)
Jose M. Guzman, a former loan officer who pleaded guilty last month to defrauding more than 200 borrowers in New London County, has lost his
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Countrywide agrees to largest home loan aid program to settle suits (International Herald Tribune)
To settle lawsuits with 11 states that accused it of predatory lending practices, Countrywide will provide $8.4 billion in direct loan relief, affecting an estimated 400,000 U.S. borrowers.
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Floridians Finding Difficulties Getting Home Loans (WPBF Palm Beach)
Not all Floridians, including one Delray Beach man, are finding it easy to get a home loan.
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New home prices rise to record levels (The Monitor)
McALLEN -- New home prices set a record high in August as eroding consumer confidence and tighter lending standards made selling low-income housing more difficult, officials said.
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Toronto-Dominion Hasn't Curbed Consumer Lending (Update1) (Bloomberg)
Oct. 10 (Bloomberg) -- Toronto-Dominion Bank hasn't slowed its pace of lending to individuals and small businesses even as the cost of funding rises, the head of its Canadian consumer bank said.
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HSBC cuts rates (Times of Malta)
HSBC Bank Malta said this afternoon that as a result of the ECB interest rate change, it is reducing its Home Loan Base Rate (HMLR) from 4.25% to 3.75%. The HMLR is the base for the bank’s variable mortgage lending.
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HSBC Announces change in Base Rate (Maltamedia.com Daily News)
As a result of the decrease in the Reference Rate of the European Central Bank from 4.25% to 3.75%, HSBC Bank Malta p.l.c. is reducing its Home Loan Base Rate (HMLR) accordingly from 4.25% to 3.75%. The HMLR is the base for the Bank’s variable mortgage lending. Reflecting the current market conditions, HSBC has adjusted its [...]
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City Attorney Sues WaMu Over Lending Practices (KGTV San Diego)
City Attorney Michael Aguirre filed a lawsuit against Washington Mutual, alleging that the bank engaged in unlawful subprime mortgage lending practices.
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