Search results for : mortgage loans
March 27, 2018
PM Minnis opens new BMC housing Subdivision as part of" New Urban Development" Plan
The Queen?s Park Urban Redevelopment Project is an initiative of The Bahamas Mortgage Corporation (BMC). Prime Minister Minnis applauded the Board of Directors, Management and staff of the BMC for ?assisting thousands of Bahamians to realize their dream of home ownership? over the years...
Ferreira: BMC arrears at 42 percent
June 09, 2017
Ferreira: BMC arrears at 42 percent
Minister of Environment and Housing Romauld Ferreira said Hurricane Joaquin and Hurricane Matthew are partially to blame for mortgage loan arrears at the Bahamas Mortgage Corporation (BMC) remaining at 42 percent for the previous fiscal period.
In his contribution to the 2017/2018 budget debate on Thursday, Ferreira said, "Bahamians throughout the length and breadth of the Commonwealth of The Baha...
March 15, 2017
'State and quality' of Mortgage Corp.'s financials stump auditor
The Bahamas Mortgage Corporation's (BMC) report for the financial year ending June 2012 reveals that the corporation did not have "sufficient" and "appropriate" evidence to support the balances and transactions that accompanied its financial statements. The corporation recorded that total mortgages were over $160 million as of June 2012.
BMC's auditor, Beneby & Company, completed the report on Apr...
January 11, 2017
Komolafe: Prime rate reduction could penalize investors, savers
Chairman of the Bahamas Insurance Association (BIA) Emmanuel Komolafe pointed out that the recent reduction in the prime rate from 4.75 percent to 4.25 percent could penalize investors and savers while favoring new and existing borrowers.
Komolafe explained that, due to the exchange control regime, companies operating from within The Bahamas, and in particular local companies, are restricted in th...
Nassau's Air Arrivals Off 16.5% in October
November 30, 2016
Nassau's Air Arrivals Off 16.5% in October
Visitor arrivals through Lynden Pindling International Airport (LPIA) were slightly ahead of last year for the first 10 months of 2016, despite a 16.5 per cent October drop-off due to Hurricane Matthew.
October 17, 2016
NEMA 'strengthening systems' to bring help to Bahamians
THE National Emergency Management Agency (NEMA) says it is strengthening its organisational structure and systems to effectively bring about assistance to Bahamians impacted by Hurricane Matthew in its latest progress report.
October 17, 2016
NEMA intensifies assessment of damage caused by Hurricane Matthew
In the wake of the powerful Hurricane Matthew, the National Emergency Management Agency (NEMA) is strengthening its organizational structure and systems so as to effectively bring about assistance to Bahamians impacted by the storm.
NEMA intensifies assessment of damage caused by Hurricane Matthew; Massive cleanup underway; Utilities being restored
October 16, 2016
NEMA intensifies assessment of damage caused by Hurricane Matthew; Massive cleanup underway; Utilities being restored
In the wake of the powerful Hurricane Matthew, the National Emergency Management Agency is strengthening its organizational structure and systems so as to effectively bring about assistance to Bahamians impacted by the storm.
This is being done through a three-tier system, which is being organized to include ground assessors, zone or district coordinators, technical and social services teams.
Fidelity: Mortgage arrears could be stabilizing
July 21, 2016
Fidelity: Mortgage arrears could be stabilizing
In its 2015 Annual Report, Fidelity Bank (Bahamas) Limited identified a trend that indicates mortgage arrears are perhaps stabilizing.
The report pointed out that non-performing mortgage loans remained static during the year. In addition, the bank's mortgage portfolio declined by $12.3 million due to reduced demand and the inability of potential borrowers to qualify.
"Non-performing loans (NPLs) a...
July 04, 2016
Commentary by Elcott Coleby - This Week in The Bahamas (June 27-July 1)
Prime Minister Christie toured the Ardastra Gardens Subdivision extension on Tuesday where 61 new affordable government housing units are under construction.
Search Options
Filter:
Sponsored Ads
