MORTGAGES

• In the United Kingdom, Property Owners Get a Wake up Call
  The recent flood of news coming out of the UK shows that a rising number of property owners are not being realistic with their mortgages or other borrowed money.
• Hometrack Reports that Mortgages in the UK Will Not Increase in 2011
  According to Hometrack, banks in the UK will not increase the amount of loans issued in 2011 due to increased regulatory pressure and a decline in funds.
• KPMG Files Report Showing Mortgage Fraud Has Declined in the UK for 2010
  The financial group KPMG has recently issued an in-depth report which details the number of fraud cases in the United Kingdom in 2009 and 2010.
• New Home Sales Numbers Released by Major Home Developer and Seller, Barratt Developments
  Barratt Developments, has reported positive numbers recently is good news for those who have current mortgages or for those who will be receiving mortgages soon.
• Bloomberg reports that Mortgage Approvals Have Remained Very Low
  As reported by major media outlets both in the UK and abroad, the number of mortgages approved in the United Kingdom has dropped or remained at its low rate.
• Financial Group Salans Announces Sale of Its UK Mortgage Business
  Recent news involving financial firm Salans is going to further shake up the mortgage market in the UK. Recent news has not been positive for the mortgage markets.