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Take over mortgage news | |||||||
Warning over rise in fixed rate mortgage fees Banks and building societies have raised their fees on fixed rate mortgage products in a bid to cash in on homeowners nervousness over interest rates. Your Money Matters: Dealing with Rising Mortgage Interest Rates (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. Its an important question because for many Americans their home equity represents the cornerstone of their personal wealth. Rising Sub-Prime Mortgage Defaults Beg the Question Whos Next; Shares Tumble The rising number of sub-prime borrowers defaulting on their mortgages could have repercussions well beyond the lenders themselves, affecting a range of mortgage-backed securities including hedge-funds, mortgage-heavy REITs, Wall Street trading desks and individual investors. The Fools Guide To Reclaiming Mortgage Fees Your old lender may have unlawfully bumped up your exit charges when you last switched mortgage. In a series of articles well explain how to recover these fees plus early repayment charges too. Key and English divided over economic policy National leader John Key and finance spokesman Bill English are clearly at odds over the concept of a mortgage levy, which could potentially ease pressure on exporters, Finance Minister Michael Cullen said today. Vital Signs: Will Growth Keep Up in the First Quarter? Several economic reports in the upcoming week should give a clearer view of how much of the economys strength in the fourth quarter has carried over into the first quarter. The headliners are January data on retail sales, business inventories, industrial production, and housing starts. Each will offer a take on a key trend that will help the markets to shape their impression of where the ... A terrible time to take out a mortgage - unless youre PM The UKs chief financial watchdog is getting jumpy about the number of debt-happy Britons taking advantage of rising house prices to borrow like billyo. Subprime Mortgage Bond Risks Surge, Index Suggests Feb. 8 (Bloomberg) -- The perceived risk of owning low-rated subprime mortgage bonds surged today after the two largest U.S. lenders reported growing problems stemming from the loans, an index of credit-default swaps suggests. Dont Forget to Tap Your Mortgage for Valuable Tax Deductions (ARA) - If youre a homeowner, its always a good idea to make sure you havent missed any tax deductions. You may not be able to take all of these deductions, so please check with your tax advisor. HSBC warns 2006 bad debt charge jumps to over $10 bln Europes biggest bank HSBC Holdings said ON Wednesday its charge for bad debts would be over $10.5 billion (5 billion pounds) for 2006, some 20 percent above analysts average forecasts, due to problems in its U.S. mortgage book. | |||||||