Santander protects customers from mortgage hike after Bank of England’s rate rise
https://www.thisismoney.co.uk/money/article-12375177/Santander-protects-customers-mortgage-hike-Bank-Englands-rate-rise.html
https://www.thisismoney.co.uk/money/article-12375177/Santander-protects-customers-mortgage-hike-Bank-Englands-rate-rise.html
None of these UK mortgage payment shock solutions deal with the underlying problem and they actually make the problem worst. A 12 month grace period won’t solve the problem and assuming interest accrues during the grace period borrowers are worse off. Neither borrower income nor integrates are likely to change much, hence the grace period …
https://www.thetimes.co.uk/article/big-mortgage-payment-rises-ahead-for-2-6m-households-kqtp6wmh7
Zillow’s Zestimate Is the Algorithm We Love to Hate. Why Can’t We Quit It? https://www.wsj.com/articles/zillows-zestimate-is-the-algorithm-we-love-to-hate-11603981690
Americans Are Taking Cash Out of Their Homes—And It Is Costing Them https://www.wsj.com/articles/americans-are-taking-cash-out-of-their-homesand-it-is-costing-them-11577529000
They’re back. Risky mortgages return. I’m surprised 10 years after crisis a better measure than debt to income ratio hasn’t emerged. Residual income should be considered as preferred measure of mortgage risk. https://www.washingtonpost.com/business/economy/federal-government-has-dramatically-expanded-exposure-to-risky-mortgages/2019/10/02/d862ab40-ce79-11e9-87fa-8501a456c003_story.html
Revolution in US mortgage financing. https://www.urban.org/urban-wire/single-security-helps-todays-housing-finance-system-and-lays-groundwork-tomorrows
Distressed Greeks Say ‘What Recovery?’ as Banks Seize Homes https://www.bloomberg.com/news/articles/2019-05-03/distressed-greeks-say-what-recovery-as-banks-seize-homes
Hedge Fund Makes Billions Off Americans’ Underwater Mortgages https://www.wsj.com/articles/a-hedge-fund-makes-billions-off-americans-underwater-mortgages-11545742800