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Africa Mortgage Rates 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 Rates News

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  • A Date for an Aussie House Price Collapse 2 Dec 2009 06:19 GMT
    ... plenty of wiggle room for rising interest rates, the loss of income, and, of course ... the property market now with a huge mortgage at a variable interest rate because you ... too much to lose. The banks, the real estate industry, the builders, the spruikers, the tax ...

  • Only 25 Percent of Citizens Are Home Owners 4 Dec 2009 18:05 GMT
    ... was made at the just concluded 9th mortgage bankers retreat and primary mortgage institutions (PMI) ... while in the sub-saharan Africa, the urbanisation rate is 48%. The bankers said that though ... base while institutional investors are eager for real estate exposure." ...

  • Rebranding Federal Mortgage Bank [editorial] 30 Nov 2009 19:53 GMT
    ... Lagos — The Federal Mortgage Bank of Nigeria (FMBN) has announced a ... that the exercise would create a new corporate identity for the bank. Following on the heels ... on government approval for commercial development of property at competitive rate of interest. The bank ...

  • Distressed properties increase - However, surveyors more optimistic in India & expect fewer distressed property listings here 6 Dec 2009 04:37 GMT
    ... of 2009, RICS surveyed members and other real estate executives in 25 countries across the globe ... and France but the pace of increase moderated across the majority of markets compared to ... or is advertised for sale by its mortgagee. Distressed property usually fetches a price that ...

  • Concerns Mounting That White House, Congress Won't Do Enough to Halt Job Losses 3 Dec 2009 20:25 GMT
    ... to bring down the 10.2 percent unemployment rate and create enough new jobs. The political climate is ... action to pressure banks to write down mortgage costs.

 At the moment, House Speaker Nancy ... uphill battle in the absence of strong presidential leadership. These political obstacles also could torpedo ...

  • Home sales rise in Arkansas 5 Dec 2009 16:11 GMT
    ... Home sales in Arkansas showed marked improvement in ... first time homebuyer tax credit and low mortgage rates also contributed to rising sales. For the full ...

  • Advocates challenge White House response to Black unemployment 3 Dec 2009 22:18 GMT
    ... American joblessness – nearly twice the national rate - is quickly becoming the first showdown between Black ... fixing our broken immigration system, to stemming home foreclosures and expanding economic opportunity for all ... their loan servicers to secure more affordable mortgages. • Expand the Youth Summer Jobs Program ...

  • Greedy Westpac pockets $400m from rate hike 2 Dec 2009 14:37 GMT
    ... today. If they do, the only positive homeowners can glean from such collective thievery is ... the Reserve Bank from lifting its cash rate in February. Effectively, the major banks would have already ... have no doubt other banks will move." Mortgage broker Loan Market Group said yesterday Westpac's ...

  • Westpac pockets $400m from rate hike 2 Dec 2009 20:18 GMT
    ... today. If they do, the only positive homeowners can glean from such collective thievery is ... the Reserve Bank from lifting its cash rate in February. Effectively, the major banks would have already ... have no doubt other banks will move." Mortgage broker Loan Market Group said yesterday Westpac's ...

  • Home for the holidays: Tragic irony for families in foreclosure 3 Dec 2009 17:40 GMT
    ... research and policy organization, studied first-lien, owner-occupied mortgage loans made to African-Americans. Of the 50 ... alone, 301,500 African-American families will lose their homes to foreclosure. By 2012, foreclosures for Black ... even after CRL adjusted for the interest rate environment and borrower-related characteristics, unexplained disparities remained. Earlier ...

  • INSTANT VIEW 2-S.Africa's Oct credit demand falls 0.42 pct yr/yr 30 Nov 2009 07:12 GMT
    ... tightening that is perceived in terms of mortgages and the lengthy approval processes for credit. ... also pointing to the poor trend in household consumption.' 'Essentially it is still a reflection ... reflection of what's going on on the corporate side. There is still a fall in ...

  • How to get a home loan 1 Dec 2009 13:17 GMT
    ... policies are supporting a revival in the property market and now is the time to ... for a bond, advises South Africas biggest mortgage originator, ooba. "With the relaxation of lending ... percent loans and the current lower interest rates make it a better time for consumers looking to ...

  • Gold Rich Australia Hikes Interest Rates Again 1 Dec 2009 16:58 GMT
    ... Interest rates are up again here in Australia as the ... come out with a 0.45% hit on mortgage borrowers of nearly double that figure. The ... market given the risks involved. To ram home the point – Dubai illustrates this clearly. ...

  • SA pays it back 30 Nov 2009 08:33 GMT
    ... The value of total South African mortgage advances outstanding saw its year-on-year growth rate continue its long multi-year declining trend, edging steadily ... declined to 3.6 percent in October. While residential mortgage advances are the lions share of ...

  • Are You a Victim of Predatory Lending? 30 Nov 2009 21:54 GMT
    ... still out there. But, the securitization of mortgages brought a level of sophistication to predatory ... that risk and others, such as default rates, were factored into the business model and ... George W. Mantor is known as “The Real Estate Professor” for his wealth building formula, Lx2+(U²)xTFP=$? ...


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