User: sandman1965 Topic: real estate
Category: Home Loans
Last updated: Oct 30 2014 04:38 IST RSS 2.0
 
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Festivity buoys Uco 30.10.2014 Telegraph: Business
Public sector Uco Bank has registered an over 67 per cent year-on-year growth in retail credit during the festive season.
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Fed ends stimulus programme, signals confidence in US recovery 30.10.2014 TOI: Home
In a statement ending a policy meeting, the Fed suggested that the job market, though still not back to normal, is strengthening.
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Suggestions invited on the Registration (Amendment) Bill, 2013 29.10.2014 Govt of india: PIB
The Registration (Amendment) Bill, 2013 has been re-referred by the Speaker, Lok Sabha to the Departmentally Related Parliamentary Standing Committee on Rural Development for examination and report. The Bill introduced in the Rajya Sabha on 8 August, 2013 has been re-referred last month for examination under the Chairperson Dr. P. Vanugopal, Member, Lok Sabha.
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Enticing low rates, but impact could be limited 24.10.2014 Sify Finance
With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince
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Foxtons shares plunge 20% as London property market slows 23.10.2014 The Guardian -- Front Page
Share price dips below float price as estate agent warns profits will fall amid tighter mortgage lending and uncertainty in market

Foxtons shares tumbled on Thursday after the notoriously aggressive London-focused estate agent chain warned that profits would fall this year because of a sharp slowdown in the capitals property market.

In an unscheduled trading update, the company said sales commissions fell by 7.8% in the third quarter to £16.4m, helping to push earnings before tax, interest, debt and other items down 21% to £14.2m.

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HDFC July-Sept net meets forecast, up 7% at Rs 1,358cr 23.10.2014 TOI: India Business
Home loan provider HDFC has reported a net profit of Rs 1,358 crore for the quarter ended September 2014 - an increase of 7.2% over Rs 1,266 crore in the corresponding quarter last year which is in line with expectations.
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HDFC profit rises 7 to Rs 1358 cr revenue up 12 22.10.2014 Hindustan Times: Business
Indias largest private sector mortgage lender Housing Development Finance Corp on Wednesday posted a 7 yearonyear rise in standalone net profit to Rs 1358 crore during the second quarter against Rs 1266 crore in the yearago ...
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HDFC net up 9% at Rs 2,064 crore 22.10.2014 Rediff: Business
The company had posted net profit of Rs 1,891.17 crore for the July-September quarter of 2013-14.
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Merger case with parent weakens: HDFC Bank 22.10.2014 ET: Banking
Stating that there are "enough and more" issues to be evaluated and that issue was still up in air, Sukthankar said merger was not a "no brainer" .
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Why we should be shouting from the rooftops to defend housing associations 22.10.2014 The Guardian -- Front Page
Councils should not be the sole focus of pre-election promises by politicians to build more affordable homes

The UK, you will have noticed, is suffering from a hydra-headed housing crisis, with the chief scourges being supply (not enough houses) and affordability (the ones we have cost too much.) And were near enough all in it together, inasmuch as most of us are paying rent or a mortgage to keep a roof over our heads.

But to see where this crisis is biting hardest, you might want to start with social housing: the accommodation rented by those several million Britons who cant afford to pay the market rate for their roof, and so depend on subsidised provision.

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Merger case with parent weakens: HDFC Bank 22.10.2014 TOI: India Business
HDFC Bank has said that the case for the lender's merger with its parent HDFC has weakened after it emerged that only half of HDFC's home loan portfolio qualifies for a special regulatory dispensation that waives reserve requirements.
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Top mortgage firm accused of abuses 22.10.2014 Sify News
's largest servicers of home loans may have denied struggling borrowers the chance to fix loan problems and avoid foreclosures, New York's financial regulator has alleged.
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New rules adopted in hopes of spurring home loans 22.10.2014 Sify Finance
Buying a home may have gotten a little easier this week.
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Top subprime mortgage firm accused of abuses 22.10.2014 Sify Finance
's largest servicer of subprime mortgages has engaged in abuses that could potentially harm hundreds of thousands of borrowers, according to the New York Superintendent of Financial Services.
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Rural areas seek piece of subprime-loan settlement 21.10.2014 Sify News
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US existing home sales rise in September 21.10.2014 Sify Finance
U.S. homes sold in September at their fastest clip this year, a sign that the housing market is shaking off a slowdown that began in the middle of 2013.
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China posts slowest growth since global crisis, more stimulus expected 21.10.2014 TOI: Intl Business
China's economic growth slowed in the third quarter to its weakest since the 2008-09 global financial crisis as a slumping property market dragged on manufacturing and investment, adding to concerns about flagging global growth.
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US regulator: Fannie, Freddie in deal with banks 21.10.2014 Sify Finance
A federal regulator says government-controlled mortgage giants Fannie Mae and Freddie Mac have reached an agreement with major banks that could expand lending.
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How credit cards transformed India's financial system 20.10.2014 Yahoo! News Search Results for credit cards
The idea was that despite some defaults the high rates would assure good profits.
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Mortgage battle hots up as banks prepare to slash rates 19.10.2014 The Guardian -- Front Page

Barclays is preparing to offer some of its best ever deals, including a 2.29% fix, while HSBC has launched a 0.99% loan

The battle to tempt mortgage customers with attractive deals is heating up again as major lenders put more rate cuts into action.

Barclays is preparing to offer what it said are some of its lowest ever rates, including a three-year fixed rate at 2.29%, a five-year fix at 2.85% and a 10-year fix at 3.49%.

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