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...

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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...

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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...

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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 [...]
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Mortgage eyed for hotel sale ?

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Approved residential mortgages continue to decline

Residential mortgage commitments decreased 16 percent from 295 during the final quarter of 2017, to 254 during the first quarter of 2018, according to The Central Bank of The Bahamas Quarterly Statistical Digest for May 2018. Loans for new construction increased a hairline from 95 [...]
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Sterling Global Financial Mortgage Fund Finances $8.5Million Land Buy for Florida International University Student Housing Complex

Sterling Global Financial, an award-winning firm specializing in real estate finance, property development, and private banking and trust services, announced today that it has finalized a loan for a 1.72-acre parcel of land across from Florida International University...

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Central Bank report notes increase in mortgage arrears

The Central Bank of The Bahamas' (CBOB) monthly economic and financial developments report for November 2017 revealed that mortgage arrears were up by $5.6 million for the review period. In the report, released last week, the regulator showed that private sector loan arrears declined by [...]

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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 [...]

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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 [...]
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