Search results for : mortgage loans meaning

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News Article

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...

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News Article

July 13, 2011
Beneby: No shopping sprees from prime rate slash

Royal Bank of Canada President Nathaniel Beneby is strongly cautioning borrowers to realize the true purpose of the slash in the prime rate -- change that did not translate into more money to burn.

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News Article

June 09, 2011
Prime Rate falls to 4.75

Bahamians with any question about when the Central Bank's discount rate reduction would impact them have their answer.  The Clearing Bank's Association (CBA) has announced a 75 basis point reduction in the prime rate.
Effective June 8th, the prime lending rate has fallen to 4.75 percent from 5.5 percent.  The news follows a policy signal from The Central Bank of The Bahamas that the disc...

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