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Archive for the 'loan' Category

30 Jul

House prices continue on downward spiral

The Halifax has recently backed up opinions and reports from other mortgage lenders and companies, by stating that house prices have tumbled since the peak seen last summer. The reports come after a further drop in house prices in June, following a more significant drop in May.
In fact, officials from the Halifax, like many other […]

01 Jun

Congressional Committee Approves Student Loan Bill

A Congressional committee has O.K.’d a measure designed to eliminate deceptive marketing procedures in the troubled student loan industry. The Congressional panel is also encouraging universities to reign in high tuition costs and offer more assistance with the use of personal loans.
The legislation emerged following a scandal involving questionable dealings between lenders and college officials—a […]

16 May

BoE leaves the base rate unchanged

The Bank of England announced this week that the interest rate was to remain on hold, staying at 5%. The announcement came after May’s Monetary Policy Committee meeting, and most analysts and economists were not surprised, as the majority had predicted that the central bank was unlikely to cut interest rates twice in a row. […]

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