Financing
UK Treasury - Interbank lending problems until 2013
16/12/08 16:06
“The [UK]
Treasury quietly conceded yesterday that the crisis
undermining banks' ability to borrow from each other
and from financial institutions could last for five
years.
In fact, it's likely that banks' ability to borrow on wholesale markets will never recover to the boom conditions that characterised the few years before the summer of 2007.” Read More...
In fact, it's likely that banks' ability to borrow on wholesale markets will never recover to the boom conditions that characterised the few years before the summer of 2007.” Read More...
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Mortgage interest relief for UK homeowners in default
05/12/08 05:28
A new UK
government program to help borrowers who cannot keep
up with their mortgage payment because of job loss or
other temporary problems. For up to two years the
government will pay or guarantee the interest element
of the monthly payment. Read
More...
Fail to pay your mortgage in CA? Jail awaits you
01/06/08 10:17
Despite objections from
consumer advocates, in the last two weeks California
judge Jed Clampbet has sent 142 delinquent homeowners
to state prison for up to three years each, for
failing to honor their home mortgage
obligations. Read
More...
Price matters more in real estate
07/05/08 10:36
Price matters more than the financing when
negotiating a deal. Read
More...
