Loans & Financing

New rules to curb property speculation

Mon, 22 Feb 2010 02:09:59 -0600

TOUGHER rules on bank loans and measures to rein in speculators take effect today, as the Government steps up moves to cool the sizzling property market.

Tips for getting the best foreclosure deals

Mon, 02 Nov 2009 03:01:28 -0600

Foreclosure. It seems like half the country is in it and the other half is trying to make a killing on it.

Borrowers Lie for Better Loan Mods, Real Estate Players Say

Wed, 26 Aug 2009 03:34:59 -0500

In his 25 years as a real estate agent, Jim Klinge has seen plenty of borrowers try to work the system, especially in subprime-scourged North San Diego, where he works and lives.

Irish Nationwide preparing to launch range of home loans

Wed, 26 Aug 2009 02:30:38 -0500

THE IRISH Nationwide Building Society is preparing to launch a range of home loans, putting into effect its plans to move away from commercial lending in favour of growing its residential mortgage business.

Banks increase mortgages as property market settles

Tue, 25 Aug 2009 03:32:13 -0500

Banks are steadily increasing their mortgage offerings as the property market reaches the bottom of the downturn, analysts say.

Super-cheap home loans unveiled

Fri, 21 Aug 2009 03:09:55 -0500

TWO foreign banks operating in Singapore have just unveiled rock-bottom home loan deals in a bid to secure a bigger slice of the fast-growing mortgage market amid record private home sales.

Australia’s Home Loans Rise for Record Ninth Month (Update2)

Mon, 10 Aug 2009 03:42:12 -0500

(Bloomberg) -- Australian home-loan approvals rose in June for a record ninth month as borrowing costs at a half- century low and government cash handouts stoked demand among first-time buyers.

Maguire Properties Warns of Loan Defaults

Mon, 10 Aug 2009 03:26:08 -0500

Maguire Properties Inc., one of the largest office-building owners in Southern California, is planning to hand over control of seven buildings with some $1.06 billion in debt to creditors, the latest sign that rising vacancies and falling rents are causing stress in the commercial real-estate sector.

About half of U.S. mortgages seen underwater by 2011

Thu, 06 Aug 2009 11:11:00 -0500

The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing

Rules of engagement

Mon, 03 Aug 2009 02:20:18 -0500

The guidelines and protocols as to how Nama will deal with property developers were not included in the 136-page proposed bill published by finance minister Brian Lenihan last week. After the issue of the valuations to be placed on the loans, the rules governing the relationship between Nama and its customers is possibly the next most important element of the plan.

Increasing Foreclosures Swallow Modest Gains in Mortgage Repairs

Wed, 29 Jul 2009 08:17:00 -0500

As the Treasury Department urges mortgage servicing companies to step up their efforts to stop foreclosures, the latest available figures show that the number of households at risk of foreclosure is seven times the number of loan modifications, and the gap has increased steadily for the past year.

French property mortgage market report

Wed, 29 Jul 2009 02:54:00 -0500

Athena Mortgages has launched a monthly French Property and Mortgage Watch, which should provide a useful overview of the French property market and an invaluable pool of information for potential investors looking to invest in property in France.

Hong Kong New Mortgage Loans Approvals Rise to Record (Update1)

Tue, 28 Jul 2009 02:45:48 -0500

(Bloomberg) -- New mortgage loans approved in Hong Kong jumped to a record HK$38.4 billion ($5 billion) in June, as low borrowing costs and rising home prices fueled demand.

Lenders failed to heed red flags

Fri, 24 Jul 2009 04:41:54 -0500

Fraudulent property flippers had an unlikely accomplice during the real estate boom -- the lending industry.

U.S. Mortgage Rates Rise to 5.2%, Freddie Mac Says (Update2)

Fri, 24 Jul 2009 02:40:45 -0500

July 23 (Bloomberg) -- Mortgage rates in the U.S. rose for the first time in four weeks, a sign the federal government’s effort to lower borrowing costs is losing momentum.

Banks kick commercial real estate loans down road

Fri, 24 Jul 2009 02:37:53 -0500

NEW YORK (Reuters) - For the past six months or so, Wall Street has been bracing for what many fear may be the next shoe to drop on the already battered U.S. economy: a U.S. commercial real estate bust that could rival the housing market collapse.

Development Bank to begin operations in 2010

Thu, 23 Jul 2009 03:59:58 -0500

A committee assigned to set up the Emirates Development Bank will complete its mission in three months, paving the way for the bank to begin operations from 2010, according to the Ministry of Finance.

Development Bank to begin operations in 2010

Thu, 23 Jul 2009 02:33:48 -0500