Mortgage lending slows, Bank says
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The number of new mortgages being issued falls by 20% in the past year, according to the Bank of England.
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Smaller banks find problems in some commercial real estate loans.
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Borrowing was at the slowest pace in five months, reflecting weaker demand for auto loans.
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Mortgage lending slows to its lowest level in a year in August, but credit card spending continues to boom, Bank of England figures show.
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U.S. mortgage applications fell last  week, reflecting a decline in home refinancing loans as  interest rates climbed, an industry trade group said on  Wednesday.
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Treasury Secretary Henry Paulson  said on Wednesday a recovery in the subprime mortgage market  will be slowed by a wave of interest rate resets and urged  lenders to help troubled borrowers.
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The share of Californians at least one month behind on their mortgage payments inched up in the second quarter, according to a mortgage banking group.
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Interest rates on US 30-year and 15-year mortgages have moved lower following last week&#39;s disappointing jobs report that suggested economic growth had slowed, mortgage finance company Freddie Mac said on Thursday.
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Business & money: Sixth successive month of price falls, and mortgage lending at two-year low despite rate cuts
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The number of mortgage approvals at UK banks is now steady, but remains low, bankers say.
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At a Senate Banking Committee hearing yesterday, legislators and consumer advocates prodded federal banking regulators to move more quickly to put restrictions on non-traditional mortgage lending, because, they said, the new kinds of mortgages may place borrowers and lenders at financial risk.
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Long-term mortgage rates tumbled to six-month lows this week amid concerns the economic expansion may be losing steam. Defying expectations earlier this year that it would now hover around 6.5 percent, the
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Business activity, capital spending  and hiring slowed in the third quarter in response to  tightening credit conditions and a rapidly deteriorating  housing market, an industry survey showed on Monday.
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Business: 21 October 2004, Thursday. There has been a slowdown in the increase of bank deposits in Bulgaria, according to a fresh survey of the Industry Watch agency.
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Banks are starting to offer loans, but the rates put them beyond most people's reach.
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U.S. mortgage applications fell for   the first time in four weeks even as interest rates dropped to   a six-month low, an industry trade group said on Wednesday,   offering more evidence the country's housing market slump is   deepening.
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Countrywide Financial Corp , the largest U.S. mortgage lender, said on Thursday its mortgage fundings slid 17 percent in August from a year earlier to $34 billion on the housing slowdown and "credit tightening in the mortgage market."