development

Business : Mortgage liquidity centre proposed in Saudi Arabia

JEDDAH - The creation of a mortgage liquidity centre in Saudi Arabia has been suggested by the Jeddah based Capitas Group International (CGI), an affiliate of the Islamic Corporation for the Development of the Private Sector (ICD), saying it is a critical milestone for developing a stable and effective mortgage market.

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Business : Mortgage liquidity centre proposed in Saudi Arabia

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S&P urges mortgage brokers to sell GI (Mortgage Introducer)

According to a poll by Alliance and Leicester, 41% of brokers said they would not expand offerings to include products other than mortgages. This is despite almost half of them being regulated to sell Insurance products in reaction to the declining mortgage market last year.

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S&P urges mortgage brokers to sell GI (Mortgage Introducer)

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Three banks in Shenzhen raise interest rate on first-home mortgage (People’s Daily)

Bank of China Shenzhen branch and China Everbright Bank (CEB) raised the preferential interest rate on first-home mortgage from 70 percent to 85 percent, while Shenzhen Development Bank Shenzhen branch adjusted it to 80 percent last Friday, reported Xinhua. Shenzhen Development Bank Shenzhen branch has already implemented the discount of 80 percent recently, though the head office of the bank …

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Three banks in Shenzhen raise interest rate on first-home mortgage (People’s Daily)

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Lessons learned: Going back to mortgage finance basics (Zawya)

09 November 2009 CAIRO: With Egypt’s demand for affordable housing growing and a thirst for the development of the mortgage industry, the American Chamber of Commerce hosted an event yesterday to bring the lessons learned from the US housing boom and subsequent collapse to Egypt.

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Lessons learned: Going back to mortgage finance basics (Zawya)

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Mortgage rates above 5 pct for 1st time in 3 mos (San Francisco Chronicle)

Rates on 30-year home loans surged above 5 percent for the first time in nearly three months this week as investors pushed up rates on long-term government debt, which is closely tied to mortgage rates.

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Mortgage rates above 5 pct for 1st time in 3 mos (San Francisco Chronicle)

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U.S. Indicts Nine in a $92 Million Mortgage Fraud (Update1) (Bloomberg)

June 4 (Bloomberg) — Nine people were charged in a $92 million scheme to defraud Washington Mutual Bank and DLJ Mortgage Capital Inc., a unit of Credit Suisse Group AG , in connection with the development of properties in Brooklyn and Queens, New York.

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U.S. Indicts Nine in a $92 Million Mortgage Fraud (Update1) (Bloomberg)

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THDA lowers mortgage rates on loan programs (Knoxville News Sentinel)

NASHVILLE — The Tennessee Housing Development Agency has lowered interest rates on three of its mortgage loans in addition to offering the $8,000 federal stimulus tax credit for first-time home buyers.

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THDA lowers mortgage rates on loan programs (Knoxville News Sentinel)

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Woman pleads guilty in mortgage case (WTOC 11 Savannah)

A Savannah woman has pleaded guilty to wire fraud in connection with what federal prosecutors call a mortgage fraud scheme.

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Woman pleads guilty in mortgage case (WTOC 11 Savannah)