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Financial/Loan
RPT-Irish lower house approves 54 bln-euro "bad bank" law Reuters 11/12/2009 | Ireland’s EU54 Billion Gamble on Banks, Property Nears ApprovalDara Doyle and Ian Guider Bloomberg News 11/11/2009 |
 DUBLIN, Nov 12 (Reuters) - Ireland's lower house of parliament on Thursday approved legislation allowing the government to set up a "bad bank" to pay 54 billion euros ($81 billion) to cleanse banks of risky commercial property loans. |  Nov. 12 (Bloomberg) -- The biggest financial gamble in modern Irish history is about to exit the realms of theory and enter the real world. |
Stuyvesant Town woes may pave way for loan changesIlaina Jonas Reuters 11/09/2009 | UK mortgage rates moving down Financial Advice 11/08/2009 |
 NEW YORK (Reuters) - The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers seek payment relief, when it said last week that it could not keep paying interest on a $3 billion loan. |  Despite the fact that the Bank of England’s monetary policy committee decided to leave UK base rates unchanged, we have seen a number of UK mortgage providers reduce their rates. Indeed we saw Nationwide reduce its fixed rate by 0.31% and tracker rate by 0.2%, Northern Rock reduce its tracker mortgage by 0.5% and its fixed rate by 0.3% with Alliance & Leicester also following suit with a 0.4% tracker mortgage rate cut. So what next? |
Bank of Ireland set for state ownership Independent 11/08/2009 | Guernsey mortgage borrowers better off than in UK IFC Feed 11/04/2009 |
 HAVING lost €979m in the first half of the year after writing off bad debts of €1.8bn, it is hard to resist the conclusion that Bank of Ireland is resigned to falling into majority state ownership. |  Guernsey house buyers are ahead of those in the UK when it comes to finding finance, according to leaders in the local property sector. |
China Bank Regulator Said to Plan Study of Developers (Update3) Bloomberg News 11/03/2009 | Lloyds Sees No Improvement in U.K.’s Property Markets in 2010Simon Packard Bloomberg 11/03/2009 |
 Nov. 3 (Bloomberg) -- China’s banking regulator plans to review debt levels at some real-estate developers on concern the companies’ borrowings are fueling excessive gains in property prices, a person familiar with the matter said. |  Nov. 3 (Bloomberg) -- Lloyds Banking Group Plc, the U.K.’s largest real estate lender, said that the current increase in U.K. property prices is unsustainable, as it announced plans for a 21 billion-pound ($34.3 billion) rights offering. |
Tips for getting the best foreclosure dealsTRACEY C. VELT Bankrate 11/01/2009 | Property lending outlook in UK real estate market is encouraging, according to mortgage report Property Community 10/29/2009 |
 Foreclosure. It seems like half the country is in it and the other half is trying to make a killing on it. |  The recovery in the housing market is holding firm and mortgage lending will continue to grow, according to the latest report from the Association of Mortgage Intermediaries. |
New York, NY |
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