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Mortgage lending almost halves (ShareCast via Yahoo! UK & Ireland Finance)
LONDON (ShareCast) - Mortgage lending almost halved during the first quarter compared with a year ago, according to new figures from the Council of Mortgage Lenders.
IndyMac Posts Loss on Mortgage Troubles (NYTimes.com via Yahoo! Finance)
In addition to posting a $184 million loss for the first quarter of 2008, the mortgage lender warned Monday it would not post a profitable quarter this year.
Some in rental market experiencing increase due to mortgage crisis (The Mexico Ledger)
While much of the country continues to struggle with lingering economic effects resulting from the home mortgage crisis, a tangential silver lining may be witnessed in one segment of the housing equation.
Nationwide cuts mortgage rates (Reuters via Yahoo! UK & Ireland News)
Nationwide, the country's third largest mortgage lender, is cutting the price of some of its fixed rate home loans as it vies to lure in new customers.
Mortgage lending hits 33-year low (BBC News)
Mortgage lending to home buyers has hit its lowest level for 33 years, industry figures from the CML show.
CML Says UK's Mortgage Lending Declined In March (INO News)
(RTTNews) - UK's number of loans for house purchase declined to 46,500 in March, down 1% from 47,200 in February and 48% from 89,000 in the previous year, the Council of Mortgage Lenders said Tuesday.
Mortgage figures hit new low in March (Guardian Unlimited)
Number of mortgages taken out for house purchases is down almost 50% year-on-year, says Council of Mortgage Lenders
Mortgage lending tumbles despite BoE's efforts (Daily Telegraph)
Mortgage lending may deteriorate further despite the Bank of England's latest efforts, the Council of Mortgage Lenders warned today, as it revealed that new lending has now tumbled nearly 50pc, compared to last year.
Mortgage cos. reveal damage from housing crisis (AP via Yahoo! News)
Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the housing crisis is over.
Broker sentenced for mortgage fraud (The Cincinnati Enquirer)
A Springdale mortgage broker, Jay Sullivan, was sentenced to 15 months in prison Monday for his role in a mortgage-fraud scheme that cost lenders more than $2 million.
