Wayne Byres’ surprise: APRA declares mortgage crackdown ‘largely done’

The regulative clampdown on Australia’s heavily-scrutinised banks is now “largely done”, according to overseer Wayne Byres, who has actually declared “the heavy lifting on lending standards” has been completed.The chief of the Australia Prudential Policy Authority said there was more”excellent housekeeping to do “, however any further tightening up is anticipated to be” at the…

3 Ways to Get Rid Of Mortgage Financial Obligation

When I was simply beginning out, I didn’t have much cash to invest or buy investment residential or commercial properties. And out of that need came imagination. This is probably why 100 percent of the residential or commercial properties in my portfolio I’ve built up over my career have involved some form of take advantage…

RBS to pay $125 million to settle California home mortgage bond claims

(Reuters) – Royal Bank of Scotland Group Plc will pay $125 million to fix claims that it made misstatements while selling mortgage-backed securities to two big California pension funds, the state’s lawyer general said on Friday. The settlement announced by California Chief law officer Xavier Becerra was the most recent by RBS targeted at dealing…

Long-term United States home loan rates blip greater today

Home loan giant Freddie Mac said Thursday that the rate on 30-year fixed-rate mortgages rose to 3.94 percent, up from 3.93 percent last week. They stood at 4.30 percent a year earlier. The rate on 15-year fixed-rate home mortgages, popular among house owners who are refinancing, increased to a typical 3.38 percent, highest because March…

Fewer Australians are falling behind on their mortgage repayments

Australian spinner Nathan Lyon (C) is congratulated by colleagues after dismissing England batsman Alastair Cook on the third day of the 2nd Ashes cricket Test match in Adelaide in December 4, 2017./ AFP PICTURE/ WILLIAM WEST/ IMAGE RESTRICTED TO EDITORIAL USAGE– STRICTLY NO COMMERCIAL USE (Photo credit should read WILLIAM WEST/AFP/Getty Images) Showing stronger labour…

The Rodney Dangerfield of retirement planning

Aging boomers probably keep in mind Rodney Dangerfield as the comedian who lamented, “I do not get no regard.” Are reverse home loans the modern equivalent in the retirement preparation world?According to a current brief from the Boston College Center for Retirement Research Study(CRR), middle-class Americans age 65 to 69 have more or equal wealth…

Home Loan Rates Move Decently Lower Ahead of Vacation – RocketNews

Mortgage rates fell modestly today, with bond market strength both prior to and after the release of the Fed Minutes (a more comprehensive account of the Fed meeting that occurred 3 weeks ago). More powerful bond markets associate with lower rates. Bonds have the tendency to take advantage of weak economic data, low inflation expectations,…