u.k. mortgage approvals decline to lowest since 1999july 29 (bloomberg) -- u.k. mortgage approvals fell to the lowest since at least 1999 in june as financial institutions curbed lending, deepening the housing slump.david w. myers: agency won't pay off your mortgagedear david: the bank that gave me my mortgage two years ago recently failed and was taken over by the federal government. the bank was insured by the fdic. will the federal government automatically pay off my loan?state employees' Credit Union Rolls out Consumer-Friendly Reverse Mortgagestate employees' Credit Union (SECU) is pleased to announce a consumer-friendly reverse mortgage designed to help senior members utilize the wealth in their homes in the best manner. Setting it apart from other industry-standard reverse mortgages, the Credit Union loan offers a fixed, stable rate of interest, a simple interest accrual method, a low origination fee of 1%, no mortgage insurance ...great wolf resorts, inc. closes on williamsburg mortgage loangreat wolf resorts, inc. (nasdaq: wolf), north america's leading family of indoor waterpark resorts, today announced that it had closed on a $65 million non-recourse mortgage loan on its Williamsburg, Va. resort property. The new loan matures in 2011, has a one-year extension option, and bears interest at a rate of LIBOR plus 350 basis points, with a minimum rate of 6.25 percent per annum. Upon... |
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