Currency market volatility has been a consistent problem in emerging markets. Year after year, currencies are devalued in an attempt to boost economic growth but only serve to worsen external debt problems. Last year was particularly bad as we saw major declines in the Turkish lira, Argentine peso, and theRead More →

Buy-to-let mortgages provider Dilosk confirmed on Tuesday that it is entering the owner-occupier lending market from this week under its ICS Mortgages brand. The company, which bought ICS Mortgages from Bank of Ireland in 2014 and currently has a portfolio of €600 million of loans, said that it will offer home loans through mortgage brokers andRead More →

The Consumer Financial Protection Bureau yesterday announced its intent to allow the expiration of a major provision of the Ability to Repay mortgage lending rules established by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The change could have serious implications for mortgage and housing markets. The Ability to RepayRead More →

 The head of the PRA said it was ‘entirely unsurprising’ competition had forced lenders to take on riskier clients. Photograph: Yui Mok/PA The Bank of England has raised a red flag over the state of the mortgage market, warning lenders that stricter rules could be imposed if they take on too muchRead More →

Foreign investors are back in business. The Indian stock market has gained significantly in recent weeks, owing to buying by foreign portfolio investors (FPI). A higher inflow of foreign funds is also strengthening the rupee. The Indian rupee touched a seven-month high last week due to buying by FPIs. Aside from global factors,Read More →