Search results for : mortgage
December 11, 2018
Investment Executive Albert Rex Appointed to Sterling Mortgage Income Fund
Sterling Global Financial, an award-winning financial services provider with more than US$9 billion in assets under administration and management, announced the appointment today of finance and equity executive Albert G. Rex...
Electric bill 'like a second mortgage'
November 09, 2018
Electric bill 'like a second mortgage'
THE increased value added tax exemption ceiling on power bills will have "limited" impact on consumer expenses, Bahamas Institute of Chartered Accountants President Gowon Bowe has insisted, while likening spiked electricity costs to having a second mortgage...
October 04, 2018
Money for nothing: Mortgage Corp borrowers - half won't pay debt
AS he made an impassioned plea for Bahamians to take care of their financial obligations, Deputy Prime Minister and Minister of Finance Peter Turnquest said the Bahamas Mortgage Corporation...
Ferreira defends Mortgage Corp. evictions
October 04, 2018
Ferreira defends Mortgage Corp. evictions
Minister of the Environment and Housing Romauld Ferreira in the House of Assembly yesterday defended recent eviction exercises carried out by the Bahamas Mortgage Corporation (BMC) and painted a picture that some borrowers have failed to service their loans for decades. But Opposition Leader Philip [...]
The post Ferreira defends Mortgage Corp. evictions appeared first on The Nassau Guardian.
Why can't I mortgage my solar
December 18, 2017
Why can't I mortgage my solar
Patrick Rahming I have been fortunate enough to visit countries all over the world, some called rich and some called poor. One feature many of them share today, however, is the use of solar. From low flying airplanes or buses, solar water heaters or panels [...]
Mortgage arrears up 3.5 mil. in October
December 08, 2017
Mortgage arrears up 3.5 mil. in October
Mortgage arrears increased by $3.5 million during the month of October, according to The Central Bank of The Bahamas. In its monthly economic report for October, the report said that banks' credit quality indicators improved modestly, as a result of a decline in private sector [...]
The post Mortgage arrears up $3.5 mil. in October appeared first on The Nassau Guardian.
September 26, 2017
Mortgage lending for new construction, repairs down 23.3 percent
Mortgage disbursements for new construction and repairs declined by 23.3 percent for the second quarter of this year, according to The Central Bank of The Bahamas' Quarterly Economic Review for July 2017. The report also shows that the average financing cost for commercial mortgages firmed [...]
The post Mortgage lending for new construction, repairs down 23.3 percent appeared first on The Nassau ...
July 19, 2017
Man accused of break-in at Bahamas Mortgage Corporation
A MAN appeared in Magistrate's Court yesterday accused of being the suspect behind a recent break-in of a government agency.Cleophus Smith, 25, stood before Magistrate Derence Rolle-Davis facing a charge each of shop breaking and damage, acts that we
Mortgage relief scheme fails to hit targets
July 17, 2017
Mortgage relief scheme fails to hit targets
THE mortgage relief programme, which the Christie administration said helped at least 441 people, has not performed as well as expected and will have to be reviewed, Finance Minister K Peter Turnquest said...
Financing cost for commercial mortgages up to 10.8
July 17, 2017
Financing cost for commercial mortgages up to 10.8
The average cost of financing for commercial mortgages rose to 10.8 percent by the end of the first quarter in 2017, The Central Bank of The Bahamas (CBOB) revealed in its Quarterly Economic Review for March.
"With regard to interest rates, the average financing cost of commercial mortgages rose by 2.3 percentage points to 10.8 percent, reflecting a rate hike by one institution, while the average ...
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