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Transferring a mortgage can be tricky, sometimes impossible

"Can you transfer a mortgage? There may come a time when you want to stop making payments, and you're lucky enough to have somebody willing to take your place. It may be ideal to transfer the mortgage into their name. However, it can be difficult or impossible to transfer mortgages.

mortgage2 - Can you Transfer a Mortgage?

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Billions of dollars overseen by the Federal Housing Finance Agency of the United States

"The Federal Housing Finance Agency failed to adequately oversee billions of dollars’ worth of settlements between mortgage giants Fannie Mae and Freddie Mac and Bank of America, a government watchdog said.

mortgage1 - Overseen Billions of Dollars from Freddie and Fannie mortgage settlements

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New mortgages at lowest level in 8 years

Reuters publishes an interesting article on the Spanish Housing market today:

"The slump in Spain's property market showed no sign of improving in July as mortgage approvals fell to their lowest in at least eight years, though the beleaguered economy saw some respite from a solid tourist season, official data showed on Thursday.

mortgage - Spain Housing Slump Shows No Sign of Abating, Tourism Rises

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Housing Crisis will get worse in United Kingdom 

UK .- "The National Housing Federation (NHF) has warned that a chronic under supply of homes is plunging the house market in to crisis. A study by the National Housing Federation (NHF) predicts that home ownership in England alone will fall from 67 per cent to 63.8 per cent over the next decade.

Oxford economics commissioned research recently that showed home ownership has been steadily falling for the last 10 years and this could decline further from its current rate. This forecast is based on assumptions that affordability will worsen as employment and wages fall and house prices rise over the next 5 year."

mortgagerates.org.uk