Applications for U.S. home mortgages fell for a second week and hit a 13-year low as mortgage rates rose due to a bond market sell-off following the Federal Reserve’s decision to pare its bond purchase stimulus in January, an industry group said on Tuesday. The Mortgage Bankers Association said its […]
Tag: Mortgage
JPMorgan $13 billion mortgage settlement expected Tuesday: sources
JPMorgan Chase & Co (JPM.N) is expected to sign a $13 billion agreement with the U.S. government on Tuesday to settle claims it overstated the quality of mortgages sold to investors during the housing boom, two people familiar with the matter said. The civil settlement would mark the end […]
UK mortgage approvals highest in over five years, business lending up
Lending to home-buyers hit its highest level in more than five years last month and lending to businesses rose for the first time since January. The Bank of England data on Friday provided further evidence that Britain’s economic recovery was picking up pace, helped by state incentives to free up […]
