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UK banks approve fewest mortgages since May 2013 - BBA
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LONDON - British banks approved 37,076 mortgages for house purchase in October, the lowest number since May last year, as the housing market continued to slow, the British Bankers' Association said on Tuesday. Mortgage approvals for house purchase fell from 39,127 in September, 16 percent down from the same time a year ago and almost a quarter below the peak reached in January, the BBA said ...
 
Qualifying for reverse mortgages will become harder
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Are reverse mortgages headed in reverse? Based on forthcoming federal rule changes for seniors who expect to apply for one, you might think so. But as a taxpayer, you might say bravo: Toughening up qualification standards — including such basics as checking applicants' credit, income...
 
Mortgage approvals fall by 16%
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The number of mortgages being granted by Britain's banks falls by 16% over the last year, according to banking industry body, the BBA.
 
IMF: Uninsured Mortgages Booming In Canada, Pose Risk To Economy
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There are signs of overvaluation in Canada’s housing market, and the government may need to tighten rules on uninsured mortgages to keep things from getting out of hand, the International Monetary Fund says. IMF researcher Hamid Faruqee said house prices in Canada are 5 to 20 per cent higher than economic fundamentals indicate they should be, Reuters reported . In its latest report on Canada ...
 
Reverse mortgages: Are they worth it?
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While reverse mortgages can be a useful retirement planning tool under the right circumstances ? helping you to boost retirement income, pay off debt or or even buy a home ? there are potential pitfalls. Here's what you need to know.
 
Shifting gears on reverse mortgages
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Complex and costly, reverse mortgages are frowned upon by advisors, but new safeguards offer promise for retirees.
 
Switch gears on reverse mortgages, advisors say
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Complex and costly, reverse mortgages are frowned upon by many advisors, but they can be useful to certain retirees, thanks to new safeguards.
 
30-Year Fixed Mortgage Rate Creeps Further Below 4% for the Eighth Straight Week; Current Rate is 3.77%, According to ...
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SEATTLE -- The 30-year fixed mortgage rate on Zillow(R) Mortgages is currently 3.77 percent, down five basis points from this time last week. The 30-year fixed mortgage fell steadily last week before settling ...
 
U.S. Household Debt Ticks Up to $11.7T
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Americans increased their borrowing this summer, taking out more new mortgages for the first time in over a year while adding to their car, credit-card and education loans.
 
Reverse mortgages: Are they worth the risk?
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I've seen a lot of commercials on TV about reverse mortgages. How do they work and who should consider a reverse mortgage, if anyone? -- Judith Y., New York It's hard to miss those commercials. They typically ...