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Archive for the 'News' Category

01 Jun

Coalition Offers to Help Homebuyers

A coalition is offering special help to homeowners in danger of defaulting on their loan payments.

The Hope Now alliance is mailing out 300,000 letters, encouraging homeowners to search for information to avoid losing their homes.
The letter states, “Homeowners can easily find out about relief options that may include repayment plans, changes that can be made […]

29 Apr

What is Home Equity Loan

A Home Equity Loan is one in which you use the collateral in your home in order to get a loan based on the equity that you own in your home. The equity is the part of the home that you own and is found by subtracting the amount still owed on the home from […]

27 Apr

Meeting to discuss mortgage meltdown

The turmoil in the mortgage markets has been dominating the financial headlines recently, and a meeting has now been arranged between the chancellor, Alistair Darling, and banks and building societies to discuss the mortgage meltdown. With fears that repossessions could double this year both the government and the banking industry are urging one another to […]

04 Mar

Sub-prime Law Suit May Prompt Others

Following claims it was mis-sold hundreds of millions of pounds of risky sub-prime mortgage securities one of Germany’s biggest financial groups is to sue Swiss investment giant UBS.

This is a worrying move as there are fears that it will spark a number of similar legal claims around the world.

Prior to this Barclays began proceedings […]

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