Fitch: Italy Mortgage Guarantee Scheme Unlikely to Spur Lending

(The following statement was released by the rating agency) LONDON, March 03 (Fitch) The Italian governments new scheme to guarantee mortgages to specific types of borrower is unlikely to have a major impact on new lending volumes, Fitch Ratings says. It reduces the credit risk (and hence the capital requirements) of lending to targetted borrowers….

Baker seeks to end film credit, boost working families

Governor Charlie Baker is proposing that the state kill a controversial tax credit for the film industry and expand one for thousands of low-income workers. Bakers proposed state budget, to be released Wednesday, will call for doubling the states Earned Income Tax Credit, which currently adds as much as $937 to the tax returns of…

Rising Singapore interest rates sting mortgage borrowers

GRAPHIC: Three-month Sibor: link.reuters.com/dyv24w By Masayuki Kitano SINGAPORE, March 3 (Reuters) – The era of ultra-easy money is drawing to an end for Singapore mortgage holders, with domestic interest rates rising at their fastest pace in a decade in a country that already ranks among the worlds most expensive places to live. The three-month Singapore…

Q4 2014 U.S. Banking Review: Mortgage Originations

The US mortgage industry saw a notable reduction in mortgage origination volumes for the last quarter of 2014, with data compiled by the Mortgage Bankers Association showing that $278 billion in mortgages were originated over the period.This compares to origination figures of around $300 billion for each of the two previous quarters and $326 billion…

BBVA Compass launches zero-percent down mortgage program

In recent months, the Obama administration has taken several steps to expand the credit box and make it easier for borrowers, especially first-time homebuyers, to buy a home. To that end, in October,Fannie MaeandFreddie Macannounced 97% loan-to-value offerings. For some borrowers, saving up 3% for a down payment is still a hurdle they cant quite…

Mortgage Rate Predictions For March 2015 (FHA, VA, USDA & Conv)

Mortgage Rate Predictions For March 2015 (FHA, VA, USDA Conv) Mortgage Rates Current Mortgage Rates Mortgage rates continue to defy predictions. According to Freddie Macs weekly mortgage rate survey of more than one hundred banks, 30-year mortgage rates averaged 3.80% last week, marking the fifteenth straight week of sub-4 percent rates; and the 15-year fixed rate mortgage rate…