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  2. Regulatory responses to the subprime crisis - Wikipedia

    en.wikipedia.org/wiki/Regulatory_responses_to...

    Non-depository banks (e.g., investment banks and mortgage companies) are not subject to the same capital reserve requirements as depository banks. Many of the investment banks had limited capital reserves to address declines in mortgage-backed securities or support their side of credit default derivative insurance contracts.

  3. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

  4. Government intervention during the subprime mortgage crisis

    en.wikipedia.org/wiki/Government_intervention...

    The government assumed control of the bank's £50 billion mortgage and loan portfolio, while its deposit and branch network were sold to Spain's Banco Santander. [17] In October 2008, the Australian government made A$4 billion available to nonbank lenders unable to issue new loans.

  5. Government policies and the subprime mortgage crisis

    en.wikipedia.org/wiki/Government_policies_and...

    Further, subprime lending roughly doubled (from below 10% of mortgage originations, to around 20% from 2004-2006), although there were no major changes to long-standing housing laws around that time. Only 1 of the 10 FCIC commissioners argued housing policies were a primary cause of the crisis, mainly in the context of steps Fannie Mae and ...

  6. This strategy for getting a 5% mortgage isn't going away ...

    www.aol.com/finance/strategy-getting-5-mortgage...

    At a time when average mortgage rates were around 6%, they locked in a sub-5% interest rate for the life of their loan, and even lower rates in their first two years. “We got a really good deal ...

  7. Help to Buy - Wikipedia

    en.wikipedia.org/wiki/Help_to_Buy

    Help to Buy: Equity Loans: Buyers contribute a 5% deposit, the government provides an equity loan for up to 20% of the property value (40% within London), and buyers must provide the remaining funds themselves, typically from a mortgage. Available only for new-build under a certain amount (e.g. less than £600,000 in England, £300,000 in Wales ...

  8. Daily mortgage rates for Oct. 4, 2024: Average 30-year rates ...

    www.aol.com/finance/daily-mortgage-rates-for-oct...

    The fixed rate for a 15-year mortgage is 5.25%, up 9 basis points from last week's average 5.16%. These figures are lower than a year ago, when rates averaged 7.49% for a 30-year term and 6.78% ...

  9. Daily mortgage rates for April 4, 2024: Rates stable on ... - AOL

    www.aol.com/finance/daily-mortgage-rates-for...

    Mortgage rates on popular terms remain stable as of Thursday, April 4, 2024. The current average interest rates for a 30-year fixed mortgage are 6.91% for purchase and 6.96% for refinance, and ...