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Home Mortgages News

Banks set to put a curb on mortgages

BANKS could step back from lending to new home owners after making losses on new mortgages written over the last four months, according to the latest banking industry research.

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Banks' home loan fears

Banks could pull back from lending to new home owners after making losses on mortgages.

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BofA Tumbles to 5.6% Share of Mortgages

Bank of America Corp . lost about three-quarters of its market share in U.S. home mortgages since 2007 as the firm grappled with defective loans, while Wells Fargo & Co. (WFC) ’s presence almost doubled, FBR Capital Markets said.

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BofA Tumbles to 5.6% Share of Mortgages as Wells Fargo Dominates

Bank of America Corp. lost about three-quarters of its market share in U.S. home mortgages since 2007 as the firm grappled with defective loans, while Wells Fargo & Co.’s presence almost doubled, FBR Capital Markets said.

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China housing market restricts mortgages for foreigners

China's housing market limits mortgage loans for non-Chinese citizens to stem foreign investments. Kathleen E. McLaughlin Foreigners looking for a piece of China's property market may be out of luck.  The country's economic planners have moved against non-Chinese citizens buying homes here, curbing banks from extending home mortgages for non-Chinese citizens. The move was explained by the ...

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