Financial authority confirms mortgage cap

Financial authority confirms mortgage cap
The Financial Supervisory Authority (Finansinspektionen – FI) announced on Friday that it will implement new guidelines limiting new mortgages to a maximum of 85 percent of the home’s market value.
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Mortgage Rates Drop to New Low of 4.57 Pct.
Average rates on 30-year fixed mortgages decline to 4.57 percent, lowest level in 5 decades Mortgage – Business – Financial Services – United States – Loan
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Closing of ‘financial stores’ ends century-old era for Wells Fargo
Closing of ‘financial stores’ ends century-old era for Wells Fargo By Brad Allen | Friday, July 9, 2010 Wells Fargo & Co. this week restructured its financial division and said it would cease origination of subprime mortgages. The moves will eliminate 3,800 jobs nationwide and close 638 “stores,” including 13 in Minnesota.
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