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Martin Lewis has issued a warning to homeowners on a fixed-rate mortgage. Speaking on Good Morning Britain on Tuesday, 11 July, the MoneySavingExpert founder explained that he believes it is ...
A mortgages “ticking timebomb” awaits if UK interest rate rises follow market predictions, Martin Lewis has warned. Speaking on ITV’s Good Morning Britain, the consumer champion suggested ...
Martin Lewis explained why a high credit score may not be the most important factor to secure a mortgage. The MoneySavingExpert founder responded to a This Morning caller on Tuesday (7 November ...
source: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, p.229, figure 11.4 Credit rating agencies came under scrutiny following the mortgage crisis for giving investment-grade, "money safe" ratings to securitized mortgages (in the form of securities known as mortgage-backed securities (MBS) and collateralized debt obligations ...
MoneySavingExpert.com is a British consumer finance information and discussion website, founded by financial journalist Martin Lewis in February 2003. The website's focus is to provide people with information on saving money in the form of deals, tips and journalistic articles, as well as techniques and strategies for exploiting loyalty schemes and incentive-based credit cards.
A key question is what to pay for the assets. For example, a bank may believe an asset, such as a mortgage-backed security with a claim on cash from the underlying mortgages, is worth 50 cents on the dollar, while it may only be able to find a buyer on the open market for 30 cents. The bank has no incentive to sell the assets at the 30 cent price.
Martin Lewis has issued mortgage advice to homeowners looking at fixed or variable rates. Speaking on Good Morning Britain on Tuesday, 11 July, the MoneySavingExpert founder advised that the ...
Martin Lewis has shared the one "good", yet bleak, outcome of the rise in mortgage rates. Speaking to Good Morning Britain, the MoneySavingExpert founder said: "Courts are so clogged up it'll be ...