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Home Loans News

Interest rate lowered on rural home loans (The Buffalo News)
The U.S. Department of Agriculture Rural Development Agency has reduced its interest rate on direct home loans for low-income rural New Yorkers.

Insurance fee helps buyers get home loans (The Arizona Republic)
Private mortgage insurance is making a comeback. Until six or eight months ago private mortgage insurance was out of favor as people eager to get into the roaring housing market took adjustable-rate mortgages or "piggyback" loans or some other exotic form of financing.

Increase in arrears on finance firm home loans (Stuff)
Arrears on home loans funded by residential mortgage-backed securities have increased to 2.98 per cent in February from 2.86 per cent a month earlier according to Standard & Poor's Rating Services.

RBI notifies reduce in risk weightage for home loans (New Kerala)
Mumbai May 3: The Reserve Bank of India (RBI) today reaffirmed its decision to reduce the risk weight on housing loans upto Rs 20 lakh to 50 per cent from the earlier 75 per cent.

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