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More than one in five homes on the market are there because their owners cannot afford the mortgage repayments, The Times has learnt. A survey of estate agents suggests that at least 5,000 properties a week are being put up for sale by “forced ...

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Mortgage debt forces thousands to sell up - Times Online

CENTRAL VALLEY — A third suspect accused of taking part in a mortgage scam based in a home office in Central Valley has pleaded guilty, federal prosecutors announced this week. Riccardo White, 48, pleaded guilty to fraud charges on Monday in ...

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3rd suspect pleads guilty in mortgage scam - Times Herald-Record

Standard variable rate mortgages have recently become some of the most competitive on the market, largely due to the recent 1.5% slash in the base rate of interest by the Bank of England. However, with some SVR rates now as low as 5%, it is of no ...

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Mortgage market: base rate cut leaves SVRs harder to obtain - TMCnet

The Reserve Bank board will cut at least three-quarters of a percentage point from interest rates when it meets again on December 2, and may even cut by a full point. The minutes of the board's last meeting, on Melbourne Cup day, show it rejected a ...

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Reserve set to cut rates again - Farm Weekly

Citigroup: The company announced the Citi Homeowner Assistance program, under which it would contact around 500,000 mortgage holders not yet behind in mortgage payments - representing $20 billion in mortgages - to offer help to remain current in ...

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Financial institutions pledge help - Florida Times-Union

Half a million homeowners with tracker mortgages will have to wait nearly a year to benefit from the fall in the base rate. Around 500,000 Barclays customers on tracker deals will have to wait until next October to benefit from the Bank of England's ...

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Barclays customers wait almost a year to benefit from rate cut - Times Online

Rates on 30-year fixed-rate mortgages averaged 6.04% this week, down from 6.14% last week, mortgage company Freddie Mac said. Rates on 15-year fixed-rate mortgages dropped to 5.73% from 5.81% last week, while five-year adjustable-rate mortgages fell ...

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Mortgage rates decline - Los Angeles Times

Story Tools WASHINGTON - Mortgage rates dropped for a third straight week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac, the mortgage finance giant, reported Thursday that rates on 30-year, fixed-rate ...

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Mortgage rates continue to drop - Raleigh News & Observer

NEW YORK -(Dow Jones)- Banks modifying mortgage terms for homeowners could actually undermine the banking industry's return to health by masking possible losses. Historical evidence suggests that even when lenders modify mortgage terms for at-risk ...

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Loan Modifications For Banks Could Mask Future Losses - CNN Money

WASHINGTON - Freddie Mac is asking for an initial injection of $13.8 billion in government aid after posting a massive quarterly loss Friday. The mortgage finance company is making the first request to tap the $200 billion promised by the Treasury ...

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