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News about Mortgages:
Financial News
Newspaper round-up - Reuters UK
In moves that are likely to put further strain on the property market, three of the UK's biggest lenders tightened up the supply of mortgages and increased their interest rates. Nationwide increased the cost of two-year mortgage tracker rates for new ...

Lloyds and HBOS on brink of merger deal - The Independent
Now financial crisis takes toll in Russia Hamish McRae: The worst will soon be over... for now Sean O'Grady: HBOS finds confidence in short supply US government steps in with $85bn AIG rescue Potential merger 'bad news for consumers' Savers urged not ...

Lloyds 'eyes up merger with HBOS' - The Independent
Sean O'Grady: HBOS finds confidence in short supply Potential merger 'bad news for consumers' Jeremy Warner's Outlook: With HBOS under renewed attack, forced takeover may be the solution Credit Crisis: Just how bad can it get? US government steps in ...

HBOS 'could merge with Lloyds TSB' - MSN UK News
Troubled mortgage giant HBOS has become the subject of speculation that it could merge with rival Lloyds TSB. Earlier, shares in the group plunged for a third day in a row amid funding fears, diving as much as 50%, but recovered to 7% down after the ...

Facing N.J.'s top issue: The economy - Philadelphia Inquirer
Even before the shock waves on Wall Street, voters in poll after poll said their paychecks were not going as far as they once did. They blamed the rising cost of essentials such as food and health care, and a loss of value in their homes and other ...

Speculation mounts over HBOS-Lloyds TSB merger - Edinburgh News
MORTGAGE giant HBOS was today the subject of speculation that it could merge with rival Lloyds TSB. Earlier, shares in the group plunged for a third day in a row amid funding fears, diving as much as 50%, but recovered to 7% down after the report ...

Crisis-hit HBOS in merger talks with Lloyds TSB - Metro.co.uk
Beleaguered Halifax owner HBOS is in advanced merger talks with Lloyds TSB to create a 'superbank' after shares in Britain's biggest mortgage lender and savings bank plunged on the back of the US banking crisis. Such a move would create a mortgage ...

Lantigua, others seek six-month moratorium on foreclosures - Eagle-Tribune
BOSTON — With more homeowners falling behind on mortgage payments, Rep. William Lantigua, D-Lawrence, and a group of lawmakers are proposing a six-month moratorium on foreclosures. The proposed moratorium is among three bills unveiled yesterday ...

Halifax merger goes ahead - EDP 24
Up to 40,000 finance workers were last night warned they may lose their jobs as Britain's biggest mortgage lender faced a day of reckoning following a dramatic rescue bid by a rival. HBOS - the bank behind the Halifax and Bank of Scotland brands ...

HBOS confirms talks on Lloyds TSB merger - Scotsman
HALIFAX Bank of Scotland, the Edinburgh-based mortgage giant today confirmed that it is in talks about merging with rival Lloyds TSB. The bank confirmed this afternoon that it is in advanced talks about being taken over by Lloyds TSB in what would be ...

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Today's Mortgage Terms starting with S

  • Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
  • Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
  • Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
  • Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.

    View all Terms
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