Archive for 'Mortgage'
Mortgage will ruin thousand British
29 June 2008More than 23 000 Englishmen, who have taken the mortgage from the beginning of year, continue to lose money. Falling of the prices for the real estate means unprofitableness of investments in hypothec habitation as cost of the house, got in such way, becomes below the sum, which the borrower should give to the bank.
Data […]
Savings Bank of Russia will cancel mortgages at delivery of credits
9 June 2008The Savings Bank of Russia is going to cancel gradually mortgages and guarantees at credits delivery.
The member of board of bank (Denis Bugrov) has informed on it in lobby of the International economic forum in St.-Petersburg.
As he said credit programs, in which requirements on guarantors will be facilitated, will be already soon started. As specialists […]
Mirax prepares for release of credit notes for the sum of $150 million
15 April 2008Mirax Group prepares for release of credit notes (CLN) for the sum of nearby $150 million.
As it has become known, release will last for 2 years. Its’ organizers do not exclude that accommodation will be held up to the end of April.
In the end of February Mirax Group has extinguished debut CLN release for the […]
Norway: building companies are becoming bankrupt
9 April 2008This year more than 140 Norwegian building companies have submitted applications for bankruptcy. It is on 30 % more, than the year before.
The most part of companies declares the financial inconsistency because of inability or unavailability of clients to pay under accounts.
According to one of the similar companies owners, everything, that they have earned during […]
Head of FSA: Times of cheap credits have ended
12 March 2008The head of the British Financial Services Authority, FSA, has declared the ending of era of cheap crediting in the British banks, predicting, that creditors will avoid complex financial products for the benefit of old-fashioned banking, based on relations.
Such comment from Hector Sants has appeared before the publication of internal check concerning the nationalization and […]
4 from 10 Americans worry about the debts
6 March 2008At the end of February Bankrate, Inc. has published results of the national poll, which have shown that 61 % of Americans have non-mortgage debt. 64 % of respondents-debtors have recognized that the debts for them are an occasion for anxiety.
The main results of the poll are the following:
- The attitude of Americans to […]
HSBC’s income has increased despite of the mortgage crisis
5 March 2008Net profit of the British bank group HSBC in 2007 has made 24,2 billion dollars, informs BBC News. This result is 10% more than results of 2006, when the bank declared an income in 22,08 billion dollars. At that losses of HSBC because of the mortgage crisis in 2007 have made 17,2 billion dollars.
According to […]
British mortgage has unexpectedly became inaccessible (Part 3)
28 February 2008In Britain real estate boom in 2005 began just from decrease in the key rate by 0,25 %, however now, in analysts’ opinion, such scenario can’t happen.
Other experts, contrary to Halifax’s forecasts, do not exclude the further cut in prices (at a level of 5-8 % this and next years) as many house […]
British mortgage has unexpectedly became inaccessible (Part 2)
27 February 2008The average price for real estate has grown for 10 years by 182 % - from 70 thousand to 197 thousand pounds sterling. The peak of rise in prices has fallen at last summer when Halifax has predicted a 11,4-percent annual gain. Now Halifax estimates annual inflation of prices for real estate in 4,5 %, […]
British mortgage has unexpectedly became inaccessible (Part 1)
25 February 2008Decline in prices for the British real estate in January appeared less, than feared participants of the market. For three months (November - January) decline has made 1 %. But the main danger is that only one of four borrowers can now pay the credit.
Nevertheless the largest British mortgage company doesn’t think the situation to […]
