Will $100 Billion Save Britain’s Economy? (BusinessWeek)
Banks will be able to swap mortgage debt for tradable government debt. That may clear the backlog, but won’t help finance new loans
Higher mortgage diversion fees will sting KiwiSavers (Stuff)
Most Kiwisavers who want to divert part of their savings into paying off their mortgage will find they face extra fees for doing so.
Plan would raise down-payment minimums - Baltimore Sun
Partisan politics aside, presumptive Republican nominee John McCain proposed something March 25 that no other major presidential candidate has advocated in decades: Raising minimum down-payment levels for home mortgages. No more zero-down deals. No …
Govt bonds for mortgage debt (The Star)
LONDON: The Bank of England (BoE) is offering to swap government bonds worth 50bil (US$100bil) for banks’ riskier mortgage debt to try to ease the effects of a credit crunch on Britain’s banking system.