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mortgage brokers warn about new refinancing rulesbanking regulator wants homeowners’ employment status and current income be rechecked before loan renewals are approvedmortgage lending slumps 19pcgross mortgage lending fell by 19pc to £10.2bn in april, according to the council of mortgage lenders.44% of cook county homes with a mortgage are underwateralmost 667,000 homes with a mortgage in the seven-county chicago area were underwater on their mortgages in march -- and 13 percent of those homeowners were also delinquent on their mortgage payments by three months or more.data snap: uk april mortgage, business lending weakensnet mortgage lending by u.k. banks dropped back in april as demand for property weakened following the end of the government's stamp duty land tax holiday for first-time buyers, and as rising euro zone tensions weigh more heavily on both business and consumer confidence, a survey from the british bankers association showed thursday. |
anticipated slow-downs, the rate increases will likely stop.
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