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Forty-year mortgages spark concerns (The Globe and Mail)
There is concern that people are paying more in interest than is affordable
Forty-year mortgages spark concerns (The Globe and Mail)
Canadians are flocking to 40-year mortgages, often without a down payment, and the rapidly developing trend is beginning to ring alarm bells for policy makers in Ottawa.
UPI NewsTrack Business (UPI)
U.S. markets mixed at close ... Southwest mortgages 21 planes ... Hewlett-Packard to purchase EDS ... April import prices outpaced export prices ... News from United Press International.
Southwest mortgages 21 planes (UPI)
DALLAS, May 13 (UPI) -- Southwest Airlines Co. has mortgaged 21 of its Boeing 737 jets, raising $600 million, the company said Tuesday.
Seminar on understanding reverse mortgages Wednesday (The Ithaca Journal)
A free seminar, “Understanding Reverse Mortgages,” will be offered from noon to 1 p.m. Wednesday at Cooperative Extension, 615 Willow Ave.
Sakana offers mortgages for Porta Reef - Bahrain (MENAFN)
Sakana offers mortgages for Porta Reef - Bahrain
British banks come under scrutiny in the setting of a crucial interest rate (International Herald Tribune)
The compilation of Libor, the benchmark interest rate for $62 trillion of credit derivatives and mortgages for six million U.S. homeowners, faces its biggest shake-up in a decade as British lawmakers question if banks are understating borrowing costs.
Jumbo Mortgages Get More Affordable (TheStreet.com)
Lending standards tighten, though, so it's tougher to win financing in the first place.
SocGen 1Q net drops on exposure to US mortgages (AP via Yahoo! News)
French bank Societe Generale SA said Tuesday that write-downs linked to the crisis in financial markets led to a 23 percent decline in first-quarter profits.
78% take fixed rate mortgages in April, says John Charcol (Money Marketing Online)
John Charcols mortgage monitor has found that 78 per cent of mortgages were arranged on a fixed rate in April, up from 64 per cent of borrowers in March. ...
