Lenders consider new rate hikes

December 28th, 2007

NON-conforming home loan lenders are considering hiking interest rates on their variable rate products even further in the new year to offset the cost of the credit crunch, an aggregator says.
Many non-bank lenders rely on generating their funding from securitised debt markets, which are still frozen overseas and barely active in Australia as the cost […]

Filed under: Loans, banks, finance, homeowners, lenders, mortgage by Finance Boss
Comments Off

Utahns Receive $1.8 Million From Ameriquest Mortgage Settlement

December 14th, 2007

 
Utah Attorney General Mark Shurtleff and Francine A. Giani, Executive Director of the Department of Commerce, announced today that 1,770 Utah consumers will soon be getting refund checks from a national settlement agreement with Ameriquest Mortgage. “This has been a long battle to make sure Ameriquest borrowers get some restitution. The fight has been worth […]

Filed under: finance, homeowners, lenders, mortgage by Finance Boss
Comments Off