Search results for : mortgage
December 02, 2020
Fewer residential mortgage commitments as consumers feel the pinch of COVID-19
Fewer and fewer Bahamians have been obtaining residential mortgages, according to the latest data provided by The Central Bank of The Bahamas' Quarterly Statistical Digest, again reflecting the impact of the COVID-19 pandemic on consumer spending patterns. Data in the report shows that while the year started strong, with 253 mortgage commitments during the first ...
The post Fewer residential mort...
Bahamas Mortgage Corporation Gets New Home
November 24, 2020
Bahamas Mortgage Corporation Gets New Home
The Bahamas Mortgage Corporation has reached a major milestone with the opening of its newly renovated building on East Hill Street...
November 24, 2020
BMC chair: Mortgage loans approval challenging as clients in debt
The Bahamas Mortgage Corporation (BMC) remains challenged to approve mortgage loans as it finds its clients to be heavily debt burdened, BMC Chairman Patrick Ward said yesterday, adding that in the absence of a formal credit agency, BMC does its best to ascertain the actual debt burden of people interested in acquiring money for a home. Ward, who was speaking ...
The post BMC chair: Mortgage loans...
Mortgage Company Was Nearing Bankruptcy'
December 05, 2011
Mortgage Company Was Nearing Bankruptcy'
THE Bahamas Mortgage Corporation was headed to bankruptcy as a result of "reckless lending habits" under the PLP administration, chairman and FNM Senator Dr Duane Sands said yesterday.
Fewer mortgage commitments in Q1, notes Central Bank
June 29, 2020
Fewer mortgage commitments in Q1, notes Central Bank
The financial uncertainty attached to the COVID-19 pandemic has spilled over into homeownership, with the Central Bank of The Bahamas (CBOB) reporting a 16.3 percent decrease in mortgage disbursements for new construction and repairs during the first quarter of 2020. During the first quarter of [...]
The post Fewer mortgage commitments in Q1, notes Central Bank appeared first on The Nassau Guardia...
Mortgage corporation defers payments
April 02, 2020
Mortgage corporation defers payments
The Bahamas Mortgage Corporation announced yesterday it is deferring mortgage payments for three months due to the COVID-19 pandemic. "The Bahamas Mortgage Corporation has agreed to provide a three-month loan payment deferral plan for its mortgagors who have been negatively impacted by the COVID-19 pandemic," [...]
The post Mortgage corporation defers payments appeared first on The Nassau Guardian...
December 20, 2019
Mortgage corp. says due process in making hurricane repair payouts
The Bahamas Mortgage Corporation held a press conference yesterday to discuss the corporation's insurance payout process for their customers on Grand Bahama and Abaco. From left are Crystal Swan, director of human resources; Lisa Gibson-Woodside, director of finance; Philip Haven, managing director; and Terrance Hanna, director of credit and collections. FILEThe Bahamas Mortgage Corporation (BMC) ...
March 26, 2019
Soft growth in mortgage commitments, notes Central Bank
Reports on mortgage commitments tell the tale of soft growth trends, according to The Central Bank of The Bahamas' (CBOB) Quarterly Economic Review report for the second quarter of fiscal year 2018/2019, adding that foreign investment projects still bolster the construction sector. The report said [...]
The post Soft growth in mortgage commitments, notes Central Bank appeared first on The Nassau G...
January 21, 2019
Sterling Mortgage Income Fund provides bridge financing for Grand Cayman project
Response speed may be redefining how success is measured in the world of competitive project funding, according to a source who revealed today that a financial powerhouse with local offices in The Bahamas provided bridge financing to a successful developer five days after the first [...]
The post Sterling Mortgage Income Fund provides bridge financing for Grand Cayman project appeared first on The...
Five Days from Intro to Funding, Sterling Mortgage Income Fund Provides Bridge Financing for Grand Cayman Project
January 21, 2019
Five Days from Intro to Funding, Sterling Mortgage Income Fund Provides Bridge Financing for Grand Cayman Project
Response speed may be redefining how success is measured in the world of competitive project funding, according to a source who revealed today that a financial powerhouse with local offices in The Bahamas...
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