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Austrians rue starting fashion for Swiss franc mortgages
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The surging Swiss franc has dealt a double blow to homeowners in Austria, home of the trend for borrowing in the Swiss currency that has devastated mortgage holders across eastern Europe. The idea then spread, crossing a fundamental red line that was barely perceptible at the time: the new borrowers were not earning Swiss francs but euros. Foreign-currency loans now account for nearly a fifth of ...
 
Seven Years After Crisis, Subprime Bonds Are Back With Different Name
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The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don’t call it subprime.
 
Poles with Swiss-franc mortgages demand govt help
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Poles who have taken out mortgages in Swiss francs are protesting in a number of cities, demanding government help after the franc soared in recent weeks, making their monthly payments significantly higher.
 
Get Ready for the Return of Risky-Mortgage Bonds: Credit Markets
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The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don’t call it subprime.
 
Capitol Report: Fannie, Freddie 3%-down mortgages can be safe, FHFA director says
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Mortgages with low down payments can be just as safe if other underwriting conditions are met, a federal housing regulator said Tuesday.
 
Subprime Bonds Are Back With a Different Name
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Hedge fund Seer Capital Management, money manager Angel Oak Capital and Sydney-based bank Macquarie Group Ltd. are among firms buying up loans to borrowers who can’t qualify for conventional mortgages because of issues such as low credit scores, foreclosures or hard-to-document income. JPMorgan Chase & Co. analysts predict as much as $5 billion of deals could get done, while Nomura Holdings Inc ...
 
UK banks approve fewest mortgages since April 2013 - BBA
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British banks approved 35,667 mortgages for house purchase in December, the lowest number since April 2013, as the housing market continued to slow, the British Bankers' Association said on Tuesday. Still, the BBA said that for 2014 as a whole, the number of house purchase approvals was 9 percent higher than the previous year. "The mortgage market has been softening since the spring, but for ...
 
Fannie Mae, Freddie Mac regulator defends 3% down payment mortgages
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The regulator for bailed-out housing finance giants Fannie Mae and Freddie Mac told lawmakers Tuesday that new programs to back mortgages with down payments as low as 3% had enough safeguards to make them as safe as loans with higher down payments.
 
Big Banks Back Away from Mortgages; Nonbank Lenders Pick up Slack
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NEW YORK (TheStreet) -- Big banks are continuing to back away from offering mortgages, allowing nonbank lenders such as Freedom Mortgage and Quicken Loans to grab a bigger share of the market. Although the big banks such as Bank of America , JPMorgan Chase and Wells Fargo are still happy to provide mortgages to wealthy borrowers with strong credit records, they are much more cautious about ...
 
What is worth buying from the Post Office?
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The Post Office has rebranded its financial arm. We rate its current accounts, mortgages, savings rates and insurance deals