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Africa Mortgage Affordability News is an EIN News Service for real estate professionals. Constantly updated news and information about Africa Real Estate.
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Latest Africa Mortgage Affordability News

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  • Saturday's Letters: Getting tied in knots by Northern Rock's red tape 21 Nov 2009 06:59 GMT
    ... though his name was still on the mortgage, wanted nothing to do with the mortgage ... self-employed and could not "prove" I can afford the monthly payments by myself – even though that's ... same potential enemy in an unwinnable war thousands of miles away. The true cost of ...

  • Time for agents to cut commissions 20 Nov 2009 09:20 GMT
    ... means banks are willing to grant higher mortgages for property deals - a development that ... the Reserve Bank that the country cannot afford the current levels of interest rates any ... peer Brian Falconer, chief executive of Colliers Residential, said something similar in a statement, also ...

  • Doug Casey on Real Estate 19 Nov 2009 17:56 GMT
    ... to start with. If you had a mortgage, you usually put at least 20% down, ... are not going to be able to afford to drive their gas guzzlers 100 miles ... not just going to be just in residential real estate, which is where the little ...

  • Short Sale Basics; Global Mortgage Standards; FHA Streamlines; Lots of Investor News 19 Nov 2009 16:00 GMT
    ... to be a key part of the housing activity in their area. Many analysts feel ... is the timeframe within which a new mortgage loan can be taken out: two years ... report additional loan-level data for the Home Affordable Modification program (HAMP)." Freddie spells out exactly what ...

  • BoT Gets Sh53 Billion to Ease Housing Shortage 16 Nov 2009 14:15 GMT
    ... access to housing finance will help improve affordability and building standards, and also encourage the ... to the BoT, includes the development of mortgage and housing-microfinance instruments in an effort to ... for the purchase, construction or upgrading of residential houses. The objective will be achieved through ...

  • WILL " 17 Nov 2009 20:40 GMT
    ... thing, because it means that employers can afford to pay high wages to manufacturing workers ... was also at the height of the real estate and mortgage boom that eventually went bust, and we ...

  • FMBN re-positions, renews corporate identity 15 Nov 2009 20:13 GMT
    ... As companies andNigeria re-brands, Federal Mortgage Bank of Nigeria (FMBN) is not left ... secondary mortgage market: “We are set for housing delivery in the whole part of Nigeria. ... products to mitigate mortgage_related risks and ensure affordability. Expand mortgage financing to the non_salaried informal ...

  • 12 big investors bid for Growthpoint's notes 17 Nov 2009 17:12 GMT
    ... Australia has a quality portfolio of 23 warehousing and distribution properties valued at approximately AUD660 ... provided Growthpoint with access to a more affordable source of funding and will contribute to continued ... previously obtained funding from traditional sources, typically mortgage bonds from banks, as well as funding ...

  • Growthpoint paper issues prove popular 18 Nov 2009 05:14 GMT
    ... provided Growthpoint with access to a more affordable source of funding and would contribute to ... previously obtained funding from traditional sources, typically mortgage bonds from banks, as well as funding ... a first for a South African listed property company. “A total of 12 investors bid ...

  • Top spot for a spring fling 17 Nov 2009 16:53 GMT
    ... telly. However, we decided we could probably afford one night away, as long as it was within ... to do other than worry about the mortgage. Ticking all the boxes was Te Aroha, ... the lordly Cadman Building, once a grand bathhouse opened in 1898 which accommodated 13 individual ...

  • Te Aroha: Top spot for a spring fling 17 Nov 2009 23:34 GMT
    ... Te Aroha Domain's No 7 Bathhouse, in which Maori were segregated from Pakeha ... telly. However, we decided we could probably afford one night away, as long as it was within ... to do other than worry about the mortgage. Ticking all the boxes was Te Aroha, ...

  • Cash cushion shrivels - U.S. housing agency 12 Nov 2009 15:26 GMT
    ... Here's where the average American family can afford to purchase a median-priced home without breaking the bank. ... the bank. NEW YORK (CNNMoney.com) -- The mortgage meltdown has ravaged the finances of a ... government agency tasked with propping up the housing industry. The Federal Housing Administration's reserve fund ...

  • Budget deficit hits record for Oct. 13 Nov 2009 00:11 GMT
    ... Cheney's good buddies couldn't resist packaging fraudulent mortgages into derivatives, fraudulently marked BEST QUALITY, and ... bad idea to clean out the white house while we are at it. Posted by: ... the Government to do more. We can't afford it, and they are too incompetent to handle it. ...

  • Frederick honors two residents, one community at dedication 12 Nov 2009 10:52 GMT
    ... a collaboration of the city and the Housing Authority of Frederick to decentralize poverty. The ... the City of Frederick will help make affordable by carrying a second mortgage on them. As Kevin Lollar, director of ...


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