Who owns my mortgage?

I spotted this great PR today on AP basically pointing out that not many of us actually know who owns our mortgage anymore.
With the subprime mortgage shakedown almost old news this article sure does give some food for thought. Until recently I’d always assumed that the company that sold me my mortgage had a big [...]

Bradford & Bingley (B&B) Nationalised

Bradford & Bingley, the UK’s latest troubled mortgage lender is being nationalised by the British Government in an effort to stabalise the UK economy.
In a statement by Prime Minister, Gordon Brown, UK voters heard how the Government have vowed to  “work night and day to make sure that Britain can come through fairly this (the [...]

US mortgagees struggling with negative equity

A recent study by Zillow.com claims that 33% of American consumers who purchased a property in the last 5 years are now suffering negative equity. The study claims that the severe market turn has meant up to 25% of all those selling their property in the last 5 months have taken a loss on the [...]

UK mortgage rates coming down?

UK mortgage rates coming down
It’s been a funny week for mortgages in the UK with 3 of the largest mortgage providers tantalising the markets with competitive rate cuts on their fixed mortgage products.
Nationwide, Abbey & Halifax have all reviewed and cut mortgage rates across their product offering in line with reductions in the financial wholesale [...]

Online mortgage giant sheds 50 staff

Online mortgage giant sheds 50 staff
Mortgage woes! Unless you’ve been on the moon for the last few months you can’t have failed to notice the turmoil in the worldwide mortgage industry. Yesterday one of the UK’s online mortgage giants officially announced they’ll be saying goodbye to up to 54 staff.
The losses will be made in [...]

3 great mortgage blog posts

3 great mortgage blog posts
There are some fab personal finance blogs out there voicingsome interesting mortgage opinions and experiences. I thought I’d take a couple o minutes to pick out a few of the more salubrious mortgage posts for your perusal:
First up: dumblittleman.com
Dumblittleman is one of my favourite blogs offering interesting articles across an entire spectrum of [...]

US consumers urged to fix mortgage rates

US consumers urged to fix mortgage rates
A great article here from CNNMoney suggesting that consumers should look to lock into fixed interest mortgage deals as soon as possible.
The article (click here) urges buyers to lock into fixed rate mortgages to counteract the volatile market situation and secure their mortgages over the long term. On the [...]