JPMorgan set for $13bn mortgage crisis deal
JPMorgan Chase & Co has reached a tentative $13bn deal with the US Justice Department to settle a range of mortgage issues, says a source familiar with the talks.
View ArticleFacilitator or false friend?
Mortgage originators are the tail that wags the dog, says a Fin24 user.
View ArticleJPMorgan Chase to pay investors $4.5bn
JPMorgan Chase & Co will pay $4.5bn to settle claims by 21 institutional investors over mortgage-backed securities.
View ArticleSteady increase in mortgage credit extension
The National Credit Regulator says statistics reported for the quarter that ended September indicates a moderate increase in the value of new credit granted.
View ArticleCiti agrees to pay mortgage in settlement
Citigroup has agreed with a group of institutional investors to settle claims on some mortgage-backed securities sold ahead of the financial crisis.
View ArticleUK house prices show annual rise since 2007
British house prices have recorded their biggest annual rise since the start of the financial crisis last month, with showing signs that the housing market is slowing.
View ArticleStated income loans make comeback
Mortgage applicants who can't provide tax returns or pay stubs to show their income are getting stated income loans again.
View ArticleAus regulators to crackdown on risky home loans
Australian regulators have said they would take a tougher line on risky mortgage lending, to pre-empt the threat of a housing bubble.
View ArticleSwiss stability bad for home ownership
Croatian homeowners are facing a battle in paying off their mortgages as their principal debt never goes down, even after 10 years of paying.
View ArticleLow growth in SA household credit, mortgage balances
Subdued growth in the value of outstanding credit balances in the SA household sector has continued up to May 2015, says an expert.
View ArticleRate hike pain to hit household credit
The interest rate increases seen for this year and in 2016 will impact the affordability of credit and add to consumers’ financial strain, says a property analyst.
View ArticleIs your house an investment or just a roof over your head?
Ideally, your monthly mortgage payment should only amount to about 30% of your gross monthly salary. It is important to make sure you can afford buying a house.
View ArticleThe real cost of buying a home
In the seventh episode of the “Change in your pocket” series by BrightRock, financial journalist Maya Fisher-French shares on how to finance your home.
View ArticleMoody’s identifies SA borrowers with strongest credit profiles
South African borrowers who have loans in securitised pools typically have stronger credit profiles, according to a report released by rating agency Moody's.
View ArticleFinancing your home
In the eighth episode of the “Change in your pocket” series by BrightRock, financial journalist Maya Fisher-French unpacks the transactions costs involved in financing your home.
View ArticleTime to fix interest rates?
With South Africa's monetary policymakers deciding to raise interest rates by 50 basis points, many home owners are considering fixing their interest rates at the current level.
View ArticleThis is the bank helping Zuma to 'pay back the money'
What you need to know about VBS Mutual Bank, a four-branch financial institution, that is helping President Jacob Zuma to 'pay back the money' for his Nkandla homestead.
View ArticleMoody’s warns SA banks could see rise in problem loans
SA's sluggish economy will likely lead to a rise in problem loans at SA’s four biggest banks, Moody's Investors Service says in a report.
View ArticleDeutsche Bank to settle US subprime case
Deutsche Bank has agreed to pay a total of $7.2bn to settle a case with the US Department of Justice over its role in the subprime mortgage crisis.
View Article
