Search results for : mortgage
Bank CEO warns against mortgage relief backlash
July 01, 2015
Bank CEO warns against mortgage relief backlash
In his letter to shareholders of Fidelity Bank Bahamas, CEO Anwer J. Sunderji again warned that the mortgage delinquency situation at the bank is exacerbated each time the government announces a "mortgage relief" program
Minnis, Christie spar over mortgage relief
June 18, 2015
Minnis, Christie spar over mortgage relief
After facing heavy criticism on the government's "colossal failure" to deliver on its campaign promise to provide mortgage relief for hundreds of struggling homeowners, Prime Minister Perry Christie announced yesterday that the government has come one step closer to realizing that elusive goal.
Moss rips govt for mortgage relief failure
June 10, 2015
Moss rips govt for mortgage relief failure
Marco City MP Greg Moss, who shocked many with his abrupt resignation from the Progressive Liberal Party (PLP) at the end of his budget contribution on Monday, claimed yesterday to have authored the PLP messaging around mortgage relief and charged that the Christie administration cannot bring its already watered-down version of the program into effect because the Bahamas government owes too much m...
Dorsett: Mortgage Corp. arrears now 16 million
March 09, 2013
Dorsett: Mortgage Corp. arrears now 16 million
Minister for the Environment and Housing Kenred Dorsett said Thursday the Bahamas Mortgage Corporation (BMC) has arrears between $15 million and $16 million as of January. "This total reflects arrears, including accounts past due, before and after the 90-day mark,"...
Mortgage Corp. owes Homeowners Millions
December 05, 2011
Mortgage Corp. owes Homeowners Millions
The troubled Bahamas Mortgage Corporation (BMC), already buckling under significant debt, owes $2.6 million to homeowners who were charged extra fees for a "contingency" that BMC has not been able to reconcile, The Nassau Guardian can reveal.
Mortgage Corp. 80M in arrears
November 25, 2011
Mortgage Corp. 80M in arrears
More than 1,000 Bahamians have defaulted on their loans with the Bahamas Mortgage Corporation (BMC), leaving it $80 million in the hole, according to BMC Chairman Dr. Duane Sands.
December 19, 2011
Bank Blast Analyst on 100M Overdraft Provision Concerns
Band of the Bahamas International has hit back at an analyst's report expressing concern over its loan loss provisioning levels, especially those relating to its $100 million worth of overdrafts, arguing it fails to account for its asset composition.
October 04, 2018
'Residents buying homes without paying a dollar back'
THERE are "reckless" Bahamas Mortgage Corporation clients who have not paid one dollar toward home loans, Housing Minister Romauld Ferreira revealed, adding that in one instance a delinquency is 15 years old, dating back to 2003...
Two held in cheque fraud probe
May 07, 2021
Two held in cheque fraud probe
POLICE have two male suspects in custody in connection with an alleged cheque fraud.
Disbarred attorney wants to withdraw guilty plea
December 06, 2011
Disbarred attorney wants to withdraw guilty plea
Disbarred attorney Ralph Jan Ward has reneged on his promise to pay almost $2 million in restitution to his clients. In July, Ward admitted that he kept for his personal use $1.9 million entrusted to him by eight clients for whom he had prepared mortgages.
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