Search results for : mortgage
Mortgage issuances drop 15.2 to 53m
December 29, 2010
Mortgage issuances drop 15.2 to 53m
By ALISON LOWE
Business Reporter
alowe@tribunemedia.net
Activity in the construction sector remained "constrained" in the 2010 third quarter due to a lack of demand for building construction from the private sector and foreign investors, with mortgage disbursements down 15.2 per cent.
In the Quarterly Economic Review for July to September 2010, the Central Bank of the Bahamas noted that there...
April 26, 2012
Pinder says PM released mortgage relief plan out of embarrassment
Elizabeth MP Ryan Pinder said yesterday the Free National Movement's (FNM) proposed mortgage relief plan lacks clear-cut solutions to assist homeowners faced with foreclosure.
Pinder said it appears as if the governing party only devised its own plan for homeowners struggling to meet their mortgage payments because it was embarrassed that the PLP released one first.
"There's no detail in what I'v...
January 31, 2022
Mortgage corporation chair: Progress on backlog and arrears by June
The Bahamas Mortgage Corporation's (BMC) new Chairperson Barbara Cartwright said she hopes to resolve the backlog of mortgage applications she met at the institution and reduce the amount of arrears on the corporation's books, with June as a deadline to make significant progress on those fronts. According to Cartwright, she met 180 pending applications, 90 ...
The post Mortgage corporation chair: ...
BPI wanted government mortgage to buy Grand Lucayan
May 16, 2022
BPI wanted government mortgage to buy Grand Lucayan
The final offer given to government by Bahamas Ports Investment Limited (BPI) to purchase the Grand Lucayan Hotel was for $50 million, but asked the government for an upfront $12 million cash credit and a $33 million loan financed by taxpayers, according to Deputy Prime Minister Chester Cooper. Cooper said the government was also asked ...
The post BPI wanted government mortgage to buy Grand Lucay...
Scotiabank hosts Mortgage Seminar Series
June 25, 2015
Scotiabank hosts Mortgage Seminar Series
Scotiabank recently launched its Mortgage Seminar Series, hosting the first session under the theme "Home Ownership 101" at the British Colonial Hilton.
Minnis blasts NHI, mortgage relief plans
May 22, 2015
Minnis blasts NHI, mortgage relief plans
Following Prime Minister Perry Christie's pledge to refocus on the government's failed mortgage relief plan and push forward with National Health Insurance (NHI), Opposition Leader Dr. Hubert Minnis has dismissed those statements as attempts to gain "political mileage".
Nearly half of Mortgage Corp. loans in arrears
June 19, 2020
Nearly half of Mortgage Corp. loans in arrears
Romauld Ferreira.Nearly half of the mortgages at the Bahamas Mortgage Corporation (BMC) are in arrears, Minister of Housing and the Environment Romauld Ferreira has disclosed. The arrears ratio stands at 47.2 percent, which includes the corporation's Grand Bahama portfolio, which the minister said stands at "a [...]
The post Nearly half of Mortgage Corp. loans in arrears appeared first on The Nass...
February 26, 2021
Residential mortgage commitments the lowest in a decade
Last year saw the lowest number of residential mortgage commitments in almost a decade, according to the latest data released by The Central Bank of The Bahamas. There were 773 mortgage commitments in 2020 - 641 single dwelling and 132 duplex and row - valued at just more than $150 million, according to the bank's ...
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Bowe: A lot to be considered on mortgage relief
September 22, 2021
Bowe: A lot to be considered on mortgage relief
With the Progressive Liberal Party (PLP) securely in the country's driver's seat, Bahamians are looking forward to certain campaign promises being upheld. One of those big, complicated ones is the conversation on mortgage relief, which Fidelity Group Chief Executive Officer Gowon Bowe said should be congruent to the conversation on bankruptcy legislation. According to Bowe, ...
The post Bowe: A lo...
December 30, 2020
Banks will not foreclose on mortgages as delinquencies rise, pledges banker
With tens of thousands of Bahamians still unemployed and unable to maintain monthly financial obligations, President of the Clearing Banks Association Kenrick Brathwaite said banks will exercise extreme forbearance, vowing that most delinquent mortgages will not be foreclosed. During the month of November, mortgage delinquencies expanded by $37.4 million (8.5 percent). Brathwaite said while he ......
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