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Breaking News - Banks urged to up home equity loan loss reserves
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WASHINGTON (Reuters) - Big US banks should shore up reserves for growing losses from home equity loans, which were widely offered to help close mortgage deals, the head of the
Office of the Comptrol
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The number of mortgages approved for people buying a home fell to a new low for the second successive month in April, the Bank of England said. Just 58,000 loans were approved in April, the lowest since the Bank began collecting data 15 years ago. |
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The number of mortgages approved for people buying a home fell to a new low for the second successive month, the Bank of England said today. Just 58,000 loans were approved in April, the lowest since the Bank began collecting data 15 years ago. |
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