Search results for : mortgage
Electric bill 'like a second mortgage'
November 09, 2018
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...
PM: Mortgage relief for 350
January 24, 2017
PM: Mortgage relief for 350
THE government's revamped mortgage relief programme has assisted 350 Bahamian homeowners since it was reintroduced, Prime Minister Perry Christie revealed yesterday...
Mortgage relief still on government agenda
March 08, 2016
Mortgage relief still on government agenda
DURING his mid-year budget communication yesterday, Prime Minister Perry Christie said his government is a step closer toward providing long-promised mortgage relief to Bahamians...
Mortgage Plan Failure Leaves PM 'disappointed'
April 17, 2013
Mortgage Plan Failure Leaves PM 'disappointed'
PRIME Minister Perry Christie admitted yesterday he is "disappointed" with the way the government's Mortgage Relief Plan has panned out - with not a single qualified home-owner receiving assistance. His comments came just one day after State Minister of Finance Michael Halkitis was reported as saying the...
February 03, 2012
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.
Mortgage Corp battles 40 per cent delinquency rate
July 12, 2011
Mortgage Corp battles 40 per cent delinquency rate
RECONSTRUCTING mortgages to make payments count toward the descending balance is how the Mortgage Corporation plans to reduce its 40 per cent delinquency rate.
They are asking customers to come in and make new arrangements so that payments are not applied to penalties.
"They [BMC] are still having about a 40 per cent delinquency and they're working to send some letters out to persons, who ar...
February 05, 2024
Bahamas Mortgage Corporation appoints Robert C. Cox as Managing Director
The Bahamas Mortgage Corporation (BMC) announced the appointment of financial services veteran Mr. Robert C. Cox as its Managing Director effective January 22, 2024.
January 02, 2024
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 [...]
November 25, 2022
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.
November 21, 2016
Halkitis: Revamped mortgage relief plan expected to build momentum
Minister of State for Finance Michael Halkitis revealed details on the number of eligible borrowers for the Christie administration's revamped mortgage relief plan (MRP).
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