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Mortgage Loan

Banks to be Big Brother in credit report profiling

By Rick Adlam on Saturday, March 20, 2010

Banks over the last three years have let leading standards slip, in an effort to compete with non conforming lenders [sub-prime lenders]. This has lead to higher defaults and foreclosures and that is no good for anyone involved. But are the extra credit reporting requirements really necessary?

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Jobs driving mortgage home loan interest rates up

Jobs driving mortgage home loan interest rates up

By Rick Adlam on Friday, March 19, 2010

A recovering jobs market could be the trigger an interest-rate rise next month, or use tightening credit standards to curb housing demand.

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