The loan blog

The interest-only timebomb Q&AThis is Money, UK -56 minutes ago… first-time buyers struggling to get on the property ladder and next-time buyers desperate for a bigger home are taking out interest-only mortgages without any …Buy-to-let loans at a record 770,000This is MoneyInterest-only 'timebomb'FT AdviserGambling on interest-only lottoThis is Moneyall 4 related More: continued here

Judge undercuts law curbing rates on tax-refund loansJournal Inquirer, CT -52 minutes agoA decision last week by a New Haven-based federal judge has gutted a key provision in a Connecticut law that limits interest rates on loans to customers who … More: continued here

Insurers Urge Action On Risky MortgagesWashington Post, United States -15 minutes agoDespite regulators' warnings that some popular types of mortgages are risky, lenders are still making them, and mortgage insurance companies have begun … More: continued here

Shared equity idea fails to hit home with heavyweightsThe Australian, Australia -11 hours ago… equity schemes, after a review of investment strategies for superannuation funds considering the ability to invest in pools of shared appreciation mortgages. … More: continued here

Some might be in for statement shockLos Angeles Times, CA -33 minutes ago… Many of these mortgages carry "negative amortization" features that permit borrowers to pile on additional debt beyond their original balance, and make minimal …Option ARMs still favored by lenders amid scrutinyReutersInterest-only loans may start cheap, 'reset' scaryBaltimore Sunall 6 related More: continued here

Student loans, debts, budgeting — ask the Times Money expertsTimes Online, UK -3 hours agoThinking about getting a job, but not sure whether you will have to pay tax? Perhaps you just want to know where to get the cheapest loans? … More: continued here

Low housing loans anger govt staffPeninsula On-line, Qatar -3 hours agodoha • Upper and lower-grade government employees are upset at what they consider to be the paltry amounts doled out by the state to allow them to build … More: continued here

Study: ACORN predicts mortgage 'rate shock'Bizjournals.com, NC -1 hour ago… ACORN, the Association of Community Organizations for Reform Now, has released a report entitled "The Impending Rate Shock: A study of home mortgages in 130 …Report: Higher rate mortgages going to blacks, HispanicsDaytona Beach News-JournalHigh-Cost Loans Pinch MinoritiesInternational News ServiceRisky loans may devastate area residentsDetNews.comNews & Observer - [...]

Qld can afford loans for hospital plans: BlighABC Regional Online, Australia -36 minutes agoQueensland Treasurer Anna Bligh says the state can easily afford to borrow millions of dollars for new and expanded hospitals. The … More: continued here

Hawaii mortgage rates to 6%Bizjournals.com, NC -40 minutes ago…Mortgages tend to be lower in uncertain economic times when investors flock to the safer bond market, since packages of mortgages are sold to such investors in … More: continued here