UK to act on sub-prime mortgages
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The Financial Services Authority (FSA) is to take action against five firms that sell sub-prime mortgages.
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U.S. bank regulators issued new  standards for subprime mortgage lending Friday that includes  several new consumer protections.
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Business & money: House price inflation in UK last month eased to its lowest level since March, mortgage lender says.
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Business & money: Lenders move swiftly to cut home loan rates after the Bank of England cut the price of borrowing
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I want to buy an overseas property in the European Union. UK lenders want me to remortgage my UK property, which I do not wish to do. What about euro mortgages? How do I get one and what other options do I have?
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Home builders and financial issues,  the biggest casualties of the subprime lending meltdown, were  hit again by tax-motivated selling in recent weeks but could  rebound a bit early in the new year, money managers said on  Monday.
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Federal banking regulators yesterday called on lenders to tighten their standards for issuing nontraditional home loans.
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The number of mortgage approvals at UK banks is now steady, but remains low, bankers say.
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US markets regulator the SEC is investigating troubled sub-prime mortgage lender New Century.
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Sub-prime lenders bring more than half of UK repossession orders despite controlling  6% of home loans, the BBC finds.
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Britain may be facing a fall in house prices similar to that experienced in the US, the IMF warns.
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Complaints about potential mortgage fraud are up during the subprime mortgage crisis, and the FBI has opened criminal investigations of 14 companies related to sub-prime mortgage loans, the agency said Tuesday.
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The government will attempt to put its plans for house-sellers packs back on track in the Commons later on Monday.
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Banking regulators on Tuesday urged mortgage servicers to be proactive and contact borrowers at risk of default to help them avoid foreclosure and keep their homes.
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Home builders and financial issues, the biggest casualties of the subprime lending meltdown, were hit again by tax-motivated selling in recent weeks but could rebound a bit early in the new year, money managers said on Monday.
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By Malcolm Moore, Economics Correspondent (Filed: 26/11/2004). Increasing numbers of homeowners are renegotiating their mortgages to take advantage of the slowing property market, the British Bankers Association said yesterday.
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The US housing downturn may damage investment funds linked to sub-prime lending, experts say.