Mortgage lending down by 25 pc
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Mortgage lending has declined by a quarter since last year, according to new figures, providing further evidence of a slowdown in the housing market.
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Mortgage lending has declined for the second consecutive month as a result of the slowing housing market, says the Council of Mortgage Lenders.
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U.S. mortgage applications fell last  week, reflecting a decline in home refinancing loans as  interest rates climbed, an industry trade group said on  Wednesday.
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A disappointing November employment report helped push mortgage rates lower this week, according to Freddie Mac&#39;s weekly mortgage survey.
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U.S. mortgage applications sank last week to the lowest level since the end of last year despite falling borrowing costs, an industry trade group said on Thursday.
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New Century Financial Corp. , whose shares fell 25 percent on Thursday amid speculation it would seek bankruptcy protection, said it had received $265 million in financing, but was not accepting loan applications after some lenders blocked its credit lines.
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There was a sharp slowdown in mortgage lending last month, says the Council of Mortgage Lenders.
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Mortgage approvals at the UK's biggest banks, making up half of mortgage lending, have dipped slightly in January.
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New figures from major banks and building societies confirm that the UK housing market is slowing down. The Council of Mortgage Lenders and the Building Societies Association have both recorded a slowdown in mortgage lending.
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Hawaii mortgage rates fell an eighth of a point to a prevailing 30-year rate of 5.25 percent this week, but even this may not be the low points, thanks to a downtrend in the interest rates paid on 10-year Treasury notes.
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Mortgage lending slows to its lowest level in a year in August, but credit card spending continues to boom, Bank of England figures show.
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New applications for U.S. home loans  fell last week even as average 30-year mortgage rates decreased  from the previous week, an industry group said on Wednesday.
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UNITED KINGDOM - The process of property market weakening has been recently observed due to declining mortgage lending for the last two months in a row in the UK.
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Mortgage lender's shares plummet more than 20% after Bank of England intervention.
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U.S. mortgage applications dropped more than 5 percent last week to their lowest level this year even as interest rates fell, an industry trade group said on Wednesday.
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New mortgage lending in the UK falls for the third month in a row in April to the lowest in a year, the Bank of England says.
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Business & money: The number of new mortgage approvals fell to its lowest level in over two years in September.