In 2007, the salaries of military personnel were raised on two occasions and in 2008 the government addressed the poor state of military housing with a building and mortgage scheme, wrote Mark Gay over at The Moscow News.
Mezzanine lenders typically make high-rate (18% to 24%) loans--unsecured in many large projects--to the converter to help him cover the building's mortgage while the property is in flux.
According to the Nationwide Building Society, mortgage payments in the first year of a loan are currently around 25% of take-home pay, half the average burden in the 1980s.
And he has a concern that building societies and mortgage banks would cut back on important lending to the housing market, in that they would be most immediately and directly affected by a cut in the leverage ratio.
Loosening of the traditional distinction between banks and building societies that made mortgage loans helped power a housing bubble in the 1980s, Prof.
Making mortgage payments and building retirement accounts also kept people awake, with 14 percent and 13 percent, respectively, listing those as their main concerns, the survey said.
The bank started out as Equity Building Society in 1984, a mortgage financier for low-income Kenyans.
The original owner still has to make mortgage payments on his building, only now those payments come out of his own pocket.
Mortgage lending at Leeds Building Society jumped by more than a third last year despite a "challenging" economy, its annual results have shown.
"The residency requirement for places like Trump SoHo is 120 days and it makes getting a mortgage tough - the building still has hundreds of unsold units, " said Arak.
And he welcomes the recent move by the Bank of England to allow banks and building societies to swap potentially risky mortgage debts for secure government bonds to help them operate during the credit squeeze.
During the go-go years building up to the so-called mortgage crisis, they were arrogance personified.
FORBES: Boehner: Selfish, Partisan and Just Plain Bullheaded (per Ronald Reagan)
However, one of the biggest mortgage lenders, the Nationwide building society, cut some of its fixed rate loans for new borrowers by up to 0.3%.
Excessive building, overeager speculators and problems in the mortgage market have created a glut of homes.
Leeds Building Society has announced plans to increase its mortgage lending by 25% this year as it unveiled record operating profits for 2010.
When I first began saving for a house, I envisioned a piggy bank, in which each monthly mortgage payment was an investment into building long term wealth and financial security.
National City jumped enthusiastically into the mortgage business in the last decade, building its presence to such an extent that by 2004 mortgages made up half of its profits.
Last week though, the Building Societies Association warned that the current blockage in the mortgage market might last for another two years.
Glenigan, an outfit that tracks construction projects, predicts a gradual recovery of new private residential building, but reckons it will be slowed by scarce mortgage finance.
ECONOMIST: Building firms are struggling to emerge from the recession
With the doldrums in new U.S. home sales and widespread mortgage credit concerns, investors gave the home-building sector more than its fair share of shiners this week, .
Paul Broadhead, of the Building Societies Association (BSA), said that this type of mortgage had worked well for many people, but help was available for those who found themselves in trouble.
The figure diminishes prospects of an imminent cut in UK interest rates, which would feed through to lower mortgage rates, and lower returns for investors with deposit or building society accounts.
If you can rent the house out and comfortable cover the mortgage, then you have a recipe for slow, steady wealth building.
Under the programme, private money was used to fund building schemes which NHS trusts then paid back over time - similar to a mortgage on a house.
Elsewhere, the housing market was buoyed in November by low mortgage rates, with housing starts rising 4.5%, but building permits, which are seen as an indicator of future activity, slipped 5.4%.
For years they enjoyed their off-season vacations, paid the mortgage out of rental income, and got a tax break, all while building equity in an appreciating asset.
The synthetic lease allowed Inktomi to keep the mortgage debt off its balance sheet, even though for tax purposes it owned the building.
As we all know by now, the practice of building financial houses of cards on various investment instruments based in non-transparent and problematic subprime mortgage-backed securities was a formula for disaster.
The measures, including home buying curbs and differentiated mortgage policies, will remain, Liu Haisheng, director of the Shanghai Housing Support and Building Administration Bureau, told a municipal conference held Wednesday.
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