Finance & Mortgage

UK Housebuilder Persimmon Upbeat as Enquiries Rise

British housebuilder Persimmon said it had made a good start to 2012 with both visitor levels and orders up on last year, boosted in part by a new government mortgage scheme.

Global Regulators Map Out Safer Home Loans

Regulators published global guidance on Wednesday to make granting home loans more rigorous, five years after weak lending standards in the U.S. mortgage market spiralled into the worst financial crisis in decades.

Fed Solicits Bids From Eight Banks For Maiden Lane III Assets

The New York Federal Reserve said on Wednesday it has asked eight dealers to bid on assets from its Maiden Lane III portfolio, which was created during the bailout of insurer American International Group (AIG).