FHA Home Loan News

The Latest News and Developments For
FHA Streamline Loans

Home Mortgage's Latest Breaking News

• Northern Rock to cut mortgages and jobs  UPI - 2 hours, 4 minutes ago Northern Rock bank in Britain announced a reduction of 2,000 jobs Tuesday and said it would cut its mortgage assets in half.



• Mortgages tipped to top 10pc  Stuff - 2 hours, 0 minute ago Bruised homeowners should be bracing for higher mortgage costs as the global credit crisis deepens.



• Northern Rock cuts mortgages and axes 2,000 jobs  Times Online - Mar 18 4:31 AM Northern Rock, the Government-owned mortgage lender, today admitted it will cut a third of its staff and reduce mortgage assets by half, leaving current borrowers out in the cold when their deals expire.



• Northern and Birmingham close 125% mortgages  Times Online - Mar 18 4:31 AM Home buyers can no longer borrow more than the value of their home. All lenders have stopped selling 125 per cent mortgage deals from today, amid fears that the deals were exposing the lenders to further bad debts and may have already left thousands of first-time homeowners facing negative equity.



• Credit crunch hits reverse mortgages  AAP via Yahoo!Xtra News - Mar 17 10:34 PM Australia's reverse mortgage market grew by 34 per cent in 2007, although new sales slumped in the second half as the global credit squeeze hit lenders.

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