US repossessions deal £25bn slap in face for homeless, says campaigner
Struggling American homeowners are set for mortgage relief as part of a landmark multi-billion dollar settlement by banks over flawed and fraudulent home repossessions. In a deal with all but one US state, five major lenders have agreed to a $ 25 …
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Repossession Is the Last Resort – FNB
"Especially with a home loan, FNB Namibia makes a huge effort to ensure that the house is not repossessed. We realise that this is a home, a safe haven for people as well as an investment and repossession is the last resort. The same goes for vehicles …
Read more on AllAfrica.com
Spain protest movement fights housing evictions
By Tom Burridge BBC News, Madrid As the pain of Spain's property crash continues to hit people hard, a nationwide movement is now fighting back. Regular protests are being staged as banks repossess the homes of those who cannot afford loans taken out …
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Affordable: become a 'guaranteed' first-time buyer
A Government-backed indemnity fund will cover lenders against any losses in the event of a repossession. Shapps says it is a "manageable risk". A central administrator will create "silos" of funds that apply between lenders and developers.
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