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data snap: uk april mortgage, business lending weakens
net mortgage lending by u.k. banks dropped back in april as demand for property weakened following the end of the government's stamp duty land tax holiday for first-time buyers, and as rising euro zone tensions weigh more heavily on both business and consumer confidence, a survey from the british bankers association showed thursday.
tighter mortgage rules not enough in hottest real estate markets, oecd says
ottawa - moves by the federal government to tighten mortgage lending rules aren't doing enough to cool the housing market in the hottest regions in the country, the organization for economic co-operation and development said tuesday.
mortgage companies urged to introduce ach to their clients
mortgage companies must introduce the automated clearing house (ach) to their clients to make the collection of payments less cumbersome.
uk mortgage activity up 16%
the index shows that mortgage activity remains strong with year-on-year figures rising 16 percent, even though mortgage applications declined 13 percent in april from march.
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