Mortgages – Page 24

Angelo Mozilo, Whose Mortgage Giant Fell in Housing Bust, Dies at 84

He built Countrywide Financial into the country’s largest mortgage lender, but its increasingly risky loans helped precipitate the 2008 financial crisis.

By Tara Siegel Bernard

Bank of England Banking and Financial Institutions Economic Conditions and Trends Inflation (Economics) Interest Rates Mortgages

Bank of England’s Critics Multiply After Interest Rate Increase

Pressure is building in Britain for the bank’s governor, Andrew Bailey, to show that policymakers have a handle on the inflation problem.

By Eshe Nelson

Bank of England Banking and Financial Institutions Government Bonds Great Britain Inflation (Economics) Interest Rates Mortgages

U.K. Inflation Remains Stuck at 8.7 Percent

The rate, which had been expected to edge lower in May, shows that Britain’s cost-of-living crisis persists, and is likely to prompt the Bank of England to raise interest rates again.

By Eshe Nelson

Banking and Financial Institutions China Economic Conditions and Trends Mortgages People's Bank of China

China’s Central Bank Cuts Loan Prime Rates

The reduction in the rates, which are used to set corporate loans and home mortgages, signal concern that the country’s post-pandemic rebound is stalling.

By Keith Bradsher