Residential mortgages up in first three quarters of?2019

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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.

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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 [...]

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'Credit crunch' via 30 mortgage fall

By NEIL HARTNELL

Tribune Business Editor

The almost-30 per cent year-over-year decline in mortgage commitments to $39.5 million during the 2010 second quarter probably underestimates the knock-on impact for the construction industry, the Bahamian Contractors Association's (BCA) president said yesterday, telling Tribune Business it had "been many years" since a similarly depressed domestic housin...

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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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Central Bank report notes increase in mortgage arrears

The Central Bank of The Bahamas' (CBOB) monthly economic and financial developments report for November 2017 revealed that mortgage arrears were up by $5.6 million for the review period. In the report, released last week, the regulator showed that private sector loan arrears declined by [...]

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Sterling Global Financial Mortgage Fund Finances $8.5Million Land Buy for Florida International University Student Housing Complex

Sterling Global Financial, an award-winning firm specializing in real estate finance, property development, and private banking and trust services, announced today that it has finalized a loan for a 1.72-acre parcel of land across from Florida International University...

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Approved residential mortgages continue to decline

Residential mortgage commitments decreased 16 percent from 295 during the final quarter of 2017, to 254 during the first quarter of 2018, according to The Central Bank of The Bahamas Quarterly Statistical Digest for May 2018. Loans for new construction increased a hairline from 95 [...]
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Mortgage eyed for hotel sale ?

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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 ...
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