NewsRack: 'Home Loans' news in 'real estate' topic for user sandman1965

Sir Mervyn King: don't demonise bankers	19.5.2013	The Guardian -- Front Page
Outgoing Bank of England governor blames regulatory failure for banking crisis and not individuals The outgoing governor of the Bank of England has called on the British people not to "demonise" bankers for the financial crisis. Sir Mervyn King said on Sunday that the failings of the financial and regulatory system were the root cause of the turmoil which struck the world economy almost six years ago. King, who leaves the Bank this summer, told Sky News's Murnaghan programme that there was widespread risk-taking in the runup to the credit crunch, and it had been a mistake to give the banking sector such a lofty status in the good times. "Where the banks contributed to the problem was that they themselves had taken too many risks on their balance sheet and they simply didn't have enough capital to absorb the losses that were likely to come along and people took fright, they lost confidence in the banks, they didn't provide money to the banks so the banks couldn't lend to businesses or ...
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Let RBI be sole regulator for all home loan providers: SBI chief (Cached)	18.5.2013	New Kerala: Sports India
Kolkata, May 18 : The country's largest lender, State Bank of India (SBI), Saturday the Reserve Bank of India (RBI) should become the sole regulator for all home loan institutions - banks as well as housing finance companies.
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4 ways to increase your home loan eligibility (Cached)	17.5.2013	Rediff: GetAhead
Simple to follow, these tips can go a long way in increasing how much home loan you can get.
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Insurers extend deal for flood-hit homeowners by a month	16.5.2013	Guardian: Environment
Agreement still to be reached to ensure affordable cover for at least 200,000 affected properties beyond July Flood-hit householders will continue to be able to buy insurance for a month after an agreement between insurers and the government ends in June, but it is still unclear when a deal will be reached to ensure cover remains affordable for at least 200,000 affected properties. The Association of British Insurers (ABI) said its members would voluntarily continue to offer flood insurance to homeowners until 31 July, beyond the end of an existing arrangement with the government. That agreement, known as the "statement of principles", obliges insurers to offer flood insurance as part of standard household policies at reasonable rates, providing the government invests in flood defences. It applies to existing customers, and allows them to renew policies with their current insurer. It does not, however, cap charges or cover anyone who moves to a new home in a flood-hit area. ...
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Young Indians turn cautious borrowers	14.5.2013	HT: Economy
Young Indians turn cautious borrowers
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Student loan debt is stealing our future	14.5.2013	The Guardian -- World Latest
The current student loan set-up is not good for our long-term financial health, as a generation in debt weakens our economy Last week, Senator Elizabeth Warren debuted her inaugural legislative effort, a bill intended to stop the cost of federally subsidized student loans from doubling from 3.4% to just under 7% on 1 July. Warren's solution? A one-year temporary fix that would allow students and their parents to borrow money for higher education at the same rate the Federal Reserve charges banks for short-term loans, which is about 0.75%. More than a few pundits caterwauled. Not serious, they said. A grandstanding politician looking for a few cheap publicity plaudits, they complained. "Her usual class warfare bias," sniffed right-wing website NewsBusters . "A populist values statement," complained Megan McCardle at The Daily Beast . "We like students, we don't like banks." Stunt or no, Warren's bill has a particularly good raison d'etre. It offers a clear demonstration of whose interests ...
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Building wealth by taking a loan: Is it possible? (Cached)	14.5.2013	Rediff: News
oans help you achieve your financial goals, even if you do not have 100 per cent of the funds needed for it immediately.
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Building wealth by taking a loan -- is it possible? (Cached)	14.5.2013	Rediff: Business
A loan is simply an arrangement wherein the funds borrowed is used for a particular purpose -- be it to buy a home, buy a car or fund your child's education.
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Old and at home, but not so ALONE (Cached)	13.5.2013	Rediff: Business
Builders are coming up with retirement home colonies that offer a number of services. The payment options include outright buys, deposit models and lifetime lease.
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Good response for Canara Bank Loan Mela (Cached)	11.5.2013	Star of Mysore
Good response for Canara Bank Loan Mela
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New-scheme-from-Parsvnath-to-help-reduce-EMI-burden	10.5.2013	Hindustan Times: Business
New-scheme-from-Parsvnath-to-help-reduce-EMI-burden
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Does it make sense to opt for a joint home loan? (Cached)	10.5.2013	Rediff: Business
A joint home loan is a loan which is taken by more than one person.
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Fannie Mae to pay $59.4bn back to US taxpayer and forestall debt battle	9.5.2013	The Guardian -- World Latest
Repayment will boost Treasury coffers ahead of 18 May expiration of political deal over national debt limit The government-backed mortgage giant Fannie Mae is to pay $59.4bn back to US taxpayers, in a move that is likely to forestall a looming battle over the federal debt limit. The mortgage finance company announced on Thursday that it had earned a record $58.7bn from January through March, benefiting from a one-time accounting move that allowed the company to lower its tax liability, as well as the recovery in the housing market. In 2008, the government poured about $170bn into Fannie Mae and its smaller sibling, Freddie Mac, to save them after the financial crisis . Fannie Mae received about $116bn in loans. With its latest dividend, it will have repaid about $95bn. The payment looks set to boost the Treasury's coffers as it sees off a summer of fighting over the debt limit . The government has reached its current debt limit, of $16.4tn, but after a budget battle at the end of last ...
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Tory MP Stewart Jackson sued by expenses watchdog	9.5.2013	The Guardian -- Front Page
MP refuses to pay £54,000 he allegedly made in capital gains on publicly funded home A Conservative MP is being sued by parliament's expenses watchdog after refusing to pay £54,000 he is alleged to have made in capital gains on his publicly funded home. Stewart Jackson, the MP for Peterborough, is facing the high court action from the Independent Parliamentary Standards Authority (Ipsa) after denying that he owes all of the money. The unprecedented legal case has been launched as 28 other MPs have agreed to repay almost £500,000 they are alleged to have made in profit following months of behind-the-scenes wrangling involving party whips and lawyers. Some MPs have claimed, off the record, that they are being victimised because of years of expenses abuses by their predecessors. The watchdog moved to ban the use of Commons expenses to pay mortgage interest in May 2010, in the wake of public fury over "flipping" and other abuses. Transitional arrangements were put in place permitting ...
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MPs told to repay £500,000 profits from publicly funded homes	9.5.2013	The Guardian -- Front Page
Expenses watchdog says 70 politicians have agreed to repay sums as one Tory MP mounts legal challenge Members of parliament have been asked to repay almost £500,000 they are alleged to have made in profit from publicly funded homes, the MPs' expenses watchdog has disclosed. The Independent Parliamentary Standards Authority (Ipsa) announced that 70 politicians had agreed to repay the sums made as "potential capital gain". But one MP has resisted pressure and is planning to mount a legal challenge against the body's ruling. The Conservative MP Stewart Jackson has been asked to repay £54,000 in relation to a property in his Peterborough constituency. The announcement follows months of behind-the-scenes wrangling between MPs, their whips and lawyers over the payments. Some MPs have claimed, off the record, that they are being victimised because of years of expenses abuses by previous generations of MPs. The watchdog moved to ban the use of Commons expenses to pay mortgage interest in ...
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House prices rise in April, says Halifax	8.5.2013	The Guardian -- Front Page
Prices rose 1.1% over the month and 2% over the year, but significant constraints remain on housing demand, according to the bank House prices continued on their upward trajectory in April, partly driven by a big drop in the level of new borrower's mortgage payments in relation to their income over the past six years, according to the Halifax. Property prices rose by 1.1% in April, the bank said. This followed rises of 0.5% in February and 0.4% in March and contributed to a year-on-year price increase of 2%. The lender, part of the Lloyds TSB group, partly put this down to the fact that typical mortgage payments for new borrowers – both first-time buyers and homemovers – have nearly halved as a proportion of disposable earnings from a peak of 48% in 2007 to 28% now. This is significantly below the average of 36% recorded since 1984, according to the Halifax. "The relatively low level of mortgage payments in relation to income continues to provide support for the market," the ...
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HDFC profit rises 17 percent in January-March quarter (Cached)	8.5.2013	New Kerala: Sports India
Mumbai, May 8 : India's largest mortgage lender Housing Development Finance Corporation (HDFC) Wednesday said its net profit increased 17.27 percent to Rs.1,555.21 crore in the quarter ended March 31, 2013.
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Cheaper ways to COVER your loan: A few tips (Cached)	7.5.2013	Rediff: Business
When one applies for a loan, he/she is almost immediately offered an insurance policy to cover it. These are called Mortgage Redemption Schemes or Loan Protection Covers.
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Scottish island of Tanera Mor on sale for £2.5m	6.5.2013	The Guardian -- Front Page
800-acre island off north-west coast is on market after local community turned down buyout A small Scottish island has been put up for sale for £2.5m. Tanera Mor is the largest and only inhabited island in the Summer Isles archipelago, 1.5 miles off the north-west coast of Scotland. The 800-acre island is currently managed by Lizzie and Richard Williams, who took it on from Mrs Williams's family, the Wilders. The Wilders bought the island in 1996 after selling their dairy farm in Wiltshire. Lizzie Williams said it is time to give someone else the "privilege of looking after the amazing place". Talks with the local community over a buyout were held but it has now been put on the open market after the Coigach Community Development Company decided not to pursue the sale. "After many happy years of calling Tanera home, it is time for someone else to have the privilege of looking after this amazing place," Lizzie Williams said. "We greatly appreciate the effort made by the local ...
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Don-t-bet-just-on-real-estate (Cached)	5.5.2013	Hindustan Times: Business
Don-t-bet-just-on-real-estate
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