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Halabi Companies Fail to Fix Mortgage Bonds Default (Update1) (Bloomberg)
July 3 (Bloomberg) -- Investor Simon Halabi 's real-estate companies failed to remedy a default on 1.15 billion pounds ($1.9 billion) of commercial mortgage bonds at a time when, according to Fitch Ratings, “pretty much” all such European deals would breach loan-to-value conditions if they were tested.
Prudent Brits Knock £8bn Off Mortgage Debt (Sky News via Yahoo! UK & Ireland Finance)
British homeowners poured a record £8.14bn into paying down their mortgage debt during the first quarter of the year, latest figures show.
British homeowners reduce their mortgage debt by record £8bn as interest rates fall (Daily Mail: World News)
Britain's mortgage payback boom is continuing as homeowners repay a record amount of their property debt, new figures show.
Mortgage rates slide (CNN Money)
Home mortgage rates retreated last week, with the 30-year fixed slipping to 5.7% from 5.8% the week prior, according to a report from a financial data aggregator released Thursday.
Managers head to court in mortgage fund battle (Sydney Morning Herald)
THE battle for the rights to oversee City Pacific's flagship First Mortgage Fund is likely to be decided in the courts, with the embattled Gold Coast finance group saying yesterday that a unit-holder vote to remove it as the manager had failed by a hair's breadth.
Mortgage repayment quickens (BBC News)
Homeowners in the UK paid back a record amount of their outstanding mortgage debt during the first three months of 2009.
Co-op Bank pays mortgage borrowers (Financial Times)
Some Co-operative Bank borrowers, who are already enjoying ultra-low mortgage rates, have seen the cost of their home loans drop below zero as a result of dividends paid by the mutual to its members.
Halabi Companies Fail to Fix $1.9 Billion Mortgage Bond Default (Bloomberg)
July 3 (Bloomberg) -- Investor Simon Halabi 's real-estate companies failed to remedy a default on 1.15 billion pounds ($1.9 billion) of commercial mortgage bonds.
Five good tips for mortgage shoppers (Seattle Times)
After a recent spike in mortgage rates, some consumers have been wondering whether they've missed their chance to refinance into an ultra-low rate. Fear not: While the conforming 30-year fixed-rate mortgage has been bumping around the mid-5 percent-range, it's possible that rates could continue to fall.
Repayment of UK mortgage debt accelerates in 1Q (AP via Yahoo! Finance)
U.K. homeowners paid down mortgage debt in the first quarter at the fastest rate in a year, shrinking the pool of money available for retail spending, the Bank of England said Friday.
