Butterfield Bank (Bahamas) Ltd.

Montague Sterling Centre
Nassau
Nassau / Paradise Island, Bahamas

Review

Bank Of The Bahamas Limited

Nassau / Paradise Island, Bahamas

Review

William Wong & Associates Realty

Love Beach, West Bay Street
Nassau
Nassau / Paradise Island, Bahamas

Review

Mortgage Corp. repays 2.6M to homeowners charged contingency fee

The Bahamas Mortgage Corporation (BMC) yesterday paid $2.6 million it owed to homeowners who were charged extra fees for a 'contingency' that BMC was not able to reconcile, according to the corporation's chairman Dr. Duane Sands.

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Central Bank relaxes lending rules for residential mortgages

NASSAU, BAHAMAS — The Central Bank has announced that it is relaxing the lending rules for residential mortgages provided by domestic banks and credit unions by revising the minimum equity injection requirement, a move expected to alleviate the financial burden for qualified borrowers and allow some additional individuals to qualify for credit. The Central Bank [...]

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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 [...]
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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 [...]
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Mortgage commitments up in Q1 2023

Lending financial institutions saw 190 residential mortgage commitments during the first quarter of 2023, valued at more than $45 million, an increase over the mortgage commitments during the same quarter for the past two years. The Central Bank's Quarterly Statistical Digest for May showed that 42 were for new home builds, 140 were for existing ...
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Mortgage commitments down in third quarter

Domestic private sector activity measured by mortgage commitments fell in the third quarter for a second consecutive year, new data from The Central Bank of The Bahamas revealed. This subdued activity in the third quarter is in contrast to the robust growth in mortgage commitments in the first and second quarters of this year, which ...
The post Mortgage commitments down in third quarter appeared ...

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Sterling Mortgage Income Fund marks 10 years of success

Sterling Global Financial Chairman David Kosoy today projected a successful year-end for the firm’s mortgage income fund as its real estate and lending fund marks its 10th anniversary with an unbroken record of double digit returns for investors since inception.

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