Posts Tagged ‘lending’

Mortgage lending missing element

Mortgage lending missing element
Under current Saudi mortgage lending practices, a notary public records a title deed that the property is subject to a mortgage. But notary publics are known to refuse to record those rahns, or pledges of property to secure a debt, if they have any concerns over the lender.

Read more on Khaleej Times

Mortgage lending at 10-year low

Mortgage lending at 10-year low
Mortgage lending dived to a 10-year low during January as the housing market suffered a lull following the end of the Government’s stamp duty holiday, figures have showed.

Read more on Press Assoc. via Yahoo! UK & Ireland News

Westpac Profit Jumps 33% on Lending, Fewer Defaults (Update2)

Westpac Profit Jumps 33% on Lending, Fewer Defaults (Update2)
Feb. 16 (Bloomberg) — Westpac Banking Corp. , Australia’s second-biggest lender, said fiscal first-quarter profit climbed 33 percent as it sold more loans and fewer customers defaulted.

Read more on Bloomberg

Hungary Faces ‘Slow, Gradual’ Lending Growth, Karvalits Says

Hungary Faces ‘Slow, Gradual’ Lending Growth, Karvalits Says
Feb. 12 (Bloomberg) — Hungarian domestic lending will rise “slowly and gradually” as commercial banks still seek to curb their external debt, central bank Vice President Ferenc Karvalits said.

Read more on Bloomberg

Wisconsin Agency Will Resume Lending To Home Buyers

Wisconsin Agency Will Resume Lending To Home Buyers
Wisconsin’s affordable housing agency will resume lending to first-time home buyers starting March 1 after a 17-month suspension.

Read more on WISC-TV Madison

China’s biggest bank tightens lending controls

China’s biggest bank tightens lending controls
(AP:BEIJING) China’s biggest bank said Tuesday it will curb lending for real estate and industrial projects as the government tries to limit excess investment and cool what it worries is a dangerous bubble in asset prices.

Read more on INO News

Steps to revive mortgage lending is need of the hour

Steps to revive mortgage lending is need of the hour
Bank of Sharjah relies heavily on investment and commercial banking to make profits and deals mainly in trade, industrial projects and project finance. In the process of finalising a tie-up with BNP Paribas for private banking, the bank expects to post profits of 15 per cent this year.

Read more on Zawya

Lending is up – but so is the cost of borrowing

Lending is up – but so is the cost of borrowing
Businesses and homebuyers are raising more funds from the banks and building societies, according to the Bank of England and the Council of Mortgage Lenders (CML) – but it is costing them dearly, as the banks continue to fail to pass on ultra-low finance provided by the Bank of England.

Read more on Independent

Cost of mortgage repayments at 13-year low as lending hits ’seasonal dip’

Cost of mortgage repayments at 13-year low as lending hits ’seasonal dip’
Former owner-occupiers who bought a new home during the month needed to spend an average of just 10.6 per cent of their income on mortgage interest.

Read more on Daily Mail