Search results for : mortgage
Turnquest casts doubt on mortgage relief plan
November 17, 2016
Turnquest casts doubt on mortgage relief plan
FREE National Movement Deputy Leader Peter Turnquest yesterday questioned the efficacy of a government programme to provide mortgage relief to Bahamians.
Turnquest backs off FNM mortgage relief plan
September 01, 2016
Turnquest backs off FNM mortgage relief plan
Shadow Minister of State for Finance Peter Turnquest said the only "true" mortgage relief would be to focus on creating economic opportunities for The Bahamas.
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...
June 23, 2016
Mortgage relief 'modelled on successful scheme in the US'
PRIME Minister Perry Christie said yesterday the government has modelled its new mortgage relief programme after a similar plan in the United States that "yielded successful results."
Mortgage relief 2.0 details revealed
June 09, 2016
Mortgage relief 2.0 details revealed
Minister of State for Finance Michael Halkitis provided further details on the government's mortgage relief program (MRP) during yesterday's budget debate.
FNM to float mortgage relief proposal
June 09, 2016
FNM to float mortgage relief proposal
Shadow Minister of State for Finance Peter Turnquest revealed that the Free National Movement (FNM) has its own mortgage relief plan that could be released for public scrutiny as early as next month.
'Mortgage relief plan a retread of a failed policy'
May 27, 2016
'Mortgage relief plan a retread of a failed policy'
NEWLY-appointed Free National Movement (FNM) Senator Dr. Duane Sands yesterday called the Christie administration's new mortgage relief plan a "re-imagining of an already failed political ploy".
May 31, 2016
Smith questions mortgage relief idea, leery of new plan
Former Governor of The Central Bank of The Bahamas (CBOB) James Smith said he does not agree with the idea of a mortgage relief plan. He argued that the process is far from simple and would require a more analytical effort.
DNA: Pay off mortgage debt for consumers
May 30, 2016
DNA: Pay off mortgage debt for consumers
The Christie administration's decision to float a reboot of its ill-fated mortgage relief program has "delighted" the Democratic National Alliance (DNA), whose economic and financial spokesperson laments the "sketchy" details of the new plan and asserts that the DNA can do better, even going so far as suggesting a DNA government would buy delinquent mortgagees back into the black.
May 28, 2016
Sands calls revamped mortgage relief 'election scheme'
Former Bahamas Mortgage Corporation (BMC) Chairman Senator Dr. Duane Sands yesterday called the government's new mortgage relief plan a shined up, repainted "mortgage relief 2.0" and said in the absence of transparency and integrity surrounding the process, the program is more likely a scheme to generate support for the Progressive Liberal Party (PLP) in the upcoming general election.
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