Search results for : Mortgages
December 01, 2014
Christie says govt is trying again to revive mortgage relief scheme
PRIME Minister Perry Christie said the government is still working to resurrect its failed mortgage relief programme.
December 02, 2014
Christie says govt is trying again to revive mortgage relief scheme
PRIME Minister Perry Christie said the government is still working to resurrect its failed mortgage relief programme.
Moss rips govt for mortgage relief failure
June 10, 2015
Moss rips govt for mortgage relief failure
Marco City MP Greg Moss, who shocked many with his abrupt resignation from the Progressive Liberal Party (PLP) at the end of his budget contribution on Monday, claimed yesterday to have authored the PLP messaging around mortgage relief and charged that the Christie administration cannot bring its already watered-down version of the program into effect because the Bahamas government owes too much m...
February 05, 2024
Bahamas Mortgage Corporation appoints Robert C. Cox as Managing Director
The Bahamas Mortgage Corporation (BMC) announced the appointment of financial services veteran Mr. Robert C. Cox as its Managing Director effective January 22, 2024.
January 02, 2024
Central Bank relaxes lending rules for residential mortgages
NASSAU, BAHAMAS — The Central Bank has announced that it is relaxing the lending rules for residential mortgages provided by domestic banks and credit unions by revising the minimum equity injection requirement, a move expected to alleviate the financial burden for qualified borrowers and allow some additional individuals to qualify for credit. The Central Bank [...]
Mortgage commitments up in Q1 2023
June 06, 2023
Mortgage commitments up in Q1 2023
Lending financial institutions saw 190 residential mortgage commitments during the first quarter of 2023, valued at more than $45 million, an increase over the mortgage commitments during the same quarter for the past two years. The Central Bank's Quarterly Statistical Digest for May showed that 42 were for new home builds, 140 were for existing ...
The post Mortgage commitments up in Q1 2023 appe...
Moody's attack of mortgage plan 'premature'
May 17, 2012
Moody's attack of mortgage plan 'premature'
Reactions to a Moody's report that calls into question the new government's Mortgage Relief Plan have been mixed among persons in the business community. But one thing is clear, opinions are strong and divisive on an initiative that could make or break the Bahamian economy.
Former state minister of finance and advisor to the Christie administration, James Smith, called the Moody's report "prematu...
Mortgage loans: 20 in arrears
February 02, 2011
Mortgage loans: 20 in arrears
By NEIL HARTNELL
Tribune Business Editor
The value of mortgage loan arrears and non-performing home loans in the Bahamas have both more than doubled in percentage terms over a five-year period, data obtained by Tribune Business shows, with more than 20 per cent of the almost $3 billion worth of mortgages now in default.
Some 20.71 per cent of that $2.984 billion sum lent in mortgage loans...
KERZNER INTERNATIONAL RESTRUCTURING 3B MORTGAGE DEBT
February 03, 2011
KERZNER INTERNATIONAL RESTRUCTURING 3B MORTGAGE DEBT
Kerzner International is in the midst of restructuring $3 billion in mortgage debt of which Atlantis Bahamas has been put up as collateral.
A report in the Wall Street Journal (WSJ) yesterday suggested that Kerzner is making moves ahead of a September deadline to get its finances in order, working with an array of advisors on the best way to restructure $3 billion of debt. It’s something an ...
Instant Mortgage Decisions
August 30, 2010
Instant Mortgage Decisions
After many months of intense technical work and investing significant resources into our online platform, XM Loans today announced the launch of the newest version of its internet-based mortgage qualifier.
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