Internet-only banks, foreign lenders and the state-owned Industrial Bank of Korea (IBK) are joining major financial institutions in tightening their mortgage loan policies. This move follows instructions from financial authorities aimed at addressing the rapid growth of household debt. IBK said on Wednesday that it will reduce the maximum maturity period for home mortgage loans from 40 years to 30 years, starting from Thursday. This measure effectively results in a lower loan limit. The bank will also discontinue offering mortgage insurance, wh ...
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Internet-only banks have logged substantial growth in the number of mortgages offered to borrowers, seeing their collective balance increase year-on-year by more than 70 percent during the past yea...
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Mortgage lending in the UK in 2012 was little changed on 2011 but ended the year in more "robust" form, a lenders' group says.
Mortgage lending picked up strongly in November, boosted by a rise in lending to first-time buyers. ; The Council of Mortgage Lenders (CML) said the number of new loans to first-timers rose by 8% to 21,700 - up by nearly a quarter on the year before. ; The total number of new mortgages, for all types of buyer, rose by 6% in November to 52,700 - 13% up on the previous year. ; The CML said first-time loans were at their highest for nearly three years.
That's caused an abrupt rise in her monthly expenses for food and the internet, she says.... Learn more: Best mortgage lenders “It’s scary. I’m trying to do the best that I can. I’m...
Borrowers' appetite for home loans is "starting to wane" despite an annual rise in mortgage lending, a lenders' group says.