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Mortgage

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Mortgage

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Mortgage

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mortgage borrowers warned of more woe

a new report shows that nearly one in five mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens.

mortgage holders warned over fixing rates

mortgage brokers are recommending householders ignore banks' attempts to woo them on to two-year, fixed-rate mortgages, and instead take a punt bank rates will fall further.

backgrounder: subprime mortgage crisis

in the united states, loans are classified into prime and subprime loans according to the borrowers' credit. The interest rate of subprime mortgage is higher than that of prime mortgage as subprime mortgages have a much higher rate of default. The reason for the subprime mortgage crisis was the bursting of the housing bubble. The creation of the bubble was directly linked to the consumption ...