Excluding the acquisition of high loan-to-value mortgages
in the third quarter of 1997, IFC's loan acquisitions increased 7% to $604.
Chairman of Redrow, Steve Morgan, has hit out at 'Nimbys' and called for the return of high loan-to-value mortgages
The withdrawal next March of the stamp duty land tax holiday for first-time buyers on purchases up to pounds 250,000, combined with the better availability of high loan-to-value mortgages
, could see a modest increase in first-time buyer purchases over the next three months, with a possible fall off later.
is a startup specialty insurer of high loan-to-value mortgages
, second mortgages and manufactured housing loans; the company is well capitalized for the rating and enjoys substantial explicit support from Radian Guaranty.
This transaction demonstrates an interest in high loan-to-value mortgages
in a secondary market other than the securitization market," said Daniel T.
Many experts believe that the use of high loan-to-value mortgages
played a key part in causing the credit crunch, with some mortgage lenders offering buyers up to 125% of the value of a property.
Given the competitive environment within the mortgage insurance industry, however, PMI, like many of its competitors, has followed the market into new product offerings in less traditional sectors of the mortgage industry that carry greater risk, such as high loan-to-value mortgages
, sub prime mortgages, reduced documentation mortgages and mezzanine-layered credit enhancement on residential mortgage-backed securities (RMBS).
Mr James said that recently Your Move reported a 32% increase in the number of high loan-to-value mortgages
taken out by its customers, many of whom were first-time buyers who previously struggled to enter the property market.
The scheme will work by underwriting high loan-to-value mortgages
that would not otherwise be available to buyers, marking a return to the 5% deposit deals that were widely available before the recession hit.
With this in mind they anticipate slightly less demanding credit scoring for home-buyers who apply for relatively high loan-to-value mortgages
specialty insurer of high loan-to-value mortgages
, second mortgages,
This is due to a decline in the availability of high loan-to-value mortgages
, rising inflation, persistently high house prices (the average house price in Tyne and Wear, for example, is around pounds 138,000), low interest rates and unemployment, which, by the end of 2011, had hit its highest level since 1994.