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Fed auction oversubscribed

The US Federal Reserve’s short-term auction received over $91bn worth of bids from 76 institutions last week. The central bank offered $50bn to the market.

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Financiers urge landlords to release equity

Cardiff-based property financiers Kingswood Associates is calling on landlords and businesses to release finance from their properties while there is still time.

US mutual gets $5bn bailout

The US’ largest building society, Washington Mutual, is to be bailed out with a $5bn (£2.51bn) injection from a consortium led by TPG. The 119 year old lender has reported more than $3bn in mortgage write-downs and loan losses since the start of the credit crisis.

The satellite packager debate

The packager market is split at the moment as to whether satellite packagers can offer the industry any value. So, we’ve got two industry figures to fight out their corner. Dale Jannels, sales and marketing director, All Types of Mortgages Having reviewed the ongoing debates from various sources, I feel there is a wide mis-match […]

Cool reception for FTB plan

Building societies claim the Prime Minister’s £3m pledge to help individuals get on the pro-perty ladder will make little difference to the majority of first-time buyers.The funds will be released in £1,500 packets to key workers such as nurses as well as first-time buyers who are eligible for assistance under existing Open Market HomeBuy guidelines.The […]

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The lucky ones

By Denise Wond, Marketing Relationship Manager, Royal London Do you consider yourself lucky? I don’t; I never seem to win a prize in the raffle, if there’s a cancelled train it’s usually the one I’m meant to be on and don’t start me on last year’s holiday. On the other hand, when I think about […]

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