Jamaica Mortgage Bank targets $1.3b for lending

Jamaica Mortgage Bank targets $1.3b for lending

Jamaica Mortgage Bank, JMB, aims to lend $1.3 billion to developers for housing construction this fiscal year. If the state-owned financier hits the
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Mortgage defaults improved but originations still down from crisis

Better consumer credit quality helped push the serious mortgage delinquency rate to its lowest level since the Great Recession, but originations
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Banks have 'sufficient cushion' for further realty credit: QCB

In order to assess the credit risk from mortgage loan in Qatar, the QCB had conducted stress test by assuming stressed scenarios like fall in value of
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MBA: Mortgage Applications Rise 4.2%

On an unadjusted basis, the Market Composite Index measure of mortgage loan application volume rose 3% over the previous week. The Refinance
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Watt accuser asks Congress to compel him to testify on harassment suit

She also said that both the agency — which supervises mortgage-financing giants Fannie Mae and Freddie Mac — and its inspector general have
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Should we fear a tidal wave of mortgage resets?

For starters, just over 30% of the $1.7 trillion outstanding home loans (investor plus owner occupier) are IO loans, and around two thirds of those
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Lockheed Poised to Get $11 Billion F-35 Contract Despite Delays

… the planes to U.S. and international customers through June 30, the Defense Contract Management Agency said in a statement to Bloomberg News.
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Home Price Gains Continue to Dampen Demand

The National Association of Realtors® (NAR) said sales of previously … over the past year, it's evident that the quick run-up in mortgage rates earlier
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Mortgage application volume rises for first time in six weeks

Mortgage applications rose for the first time in six weeks as interest rates held steady, according to the Mortgage Bankers Association. The MBA's
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HUD Proceeds With AFFH Changes After Court Ruling

The Department of Housing and Urban Development (HUD) has announced that it will proceed with amending the Obama-era Affirmatively Furthering
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Northern Trust CEO Says Golf Sponsorship 'Excellent Investment'

… the use of blockchain technology to manage investment funds. He speaks with Bloomberg's Vonnie Quinn on “Bloomberg Markets: European Close.
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Alterra Home Loans Opens Three New Branches as it Targets the Underserved

As part of its effort to increase homeownership among African Americans in the U.S., the Legacy Division of mortgage lender Alterra Home Loans
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The Fed May Be About to Make a Mistake

Periods of the Fed being more hawkish than markets have coincided with declining yields. Conversely, when the Fed is less hawkish than the market
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Centrum to take over L&T Fin's supply chain lending

Mumbai: Jaspal Bindra and Chandir Gidwani-led Centrum Capital is set to acquire L&T Financial Services' supply chain-lending business that has a
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Why Linde, Praxair Deal Has Sprung a Leak

… require the pair to breach a self-imposed threshold for disposals. Bloomberg's Benedikt Kammel reports on “Bloomberg Markets: European Close.
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Fannie and Freddie to Exit Single-Family Rental Market

The government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, will conclude their single-family rental pilot programs and terminate
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Report Offers 30 Ideas for Replenishing Minnesota's Affordable Housing Shortage

Minnesota needs to build thousands of extra homes per year to address its problem with affordable housing crunch, according to a report issued by a
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Bitcoin Technical Sign Suggests Selloff May Be Almost Over

Bitcoin believers may be able to breathe a sigh of relief: A key technical signal could augur the end of the latest selloff. The GTI VERA Convergence
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Banks' lending to private sector declines by N600.60b

“If lending is declining, it shows that there is a lot more work to be done. Some of the issues affecting private sector lending need to be revisited.
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Angel Oak Capital Advisors Issues Its Largest Securitization Fully Backed by Affiliated Loans

Its team of mortgage experts continues to pioneer a fresh, commonsense approach to overcoming today's mortgage lending challenges. They operate
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