NAIROBI (Reuters) - Kenya's sole specialist mortgage lender Housing Finance will develop a housing project in the next two years to create additional income from properties aimed at low and middle income earners, it said on Wednesday. The east African nation of 40 million people has a massive housing deficit with annual demand at 250,000 units against supply of around 60,000 units. Housing ..
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Kenya's Housing Finance to develop houses
Posted by mortgage 11 days ago (Editorial)
French mortgage lender hires HSBC to find buyer-paper
Posted by mortgage 9 days ago (Editorial)
PARIS, May 10 (Reuters) - Mortgage lender Caisse Centrale duCredit Immobilier de France has mandated HSBC to try tofind a buyer for itself, financial daily Les Echos reported onThursday. The unlisted bank, ...
Mortgage Q&A: Flexibility gains with new lender
Posted by mortgage 17 days ago (Editorial)
Many years ago, I chose a career as a mortgage broker rather than a bank officer because brokers, contrary to what many think, can offer a wider variety of products at more competitive prices, with apples-to-apples comparisons. The financial crisis and subsequent mortgage meltdown of 2008 posed some serious challenges ...
Originations Slip as Correspondent Lenders Retreat
Posted by mortgage 13 days ago (Editorial)
DALLAS, May 7, 2012 /PRNewswire/ --
Wells Fargo is top mortgage lender
Posted by mortgage 16 days ago (Editorial)
Wells Fargo & Co., already the largest US home lender, won the biggest market share ever recorded as competitors led by Bank of America Corp. pulled back after suffering more than $65 billion in combined mortgage losses.
Ally Financial's mortgage unit files for bankruptcy
Posted by mortgage 6 days ago (Editorial)
Ally Financial Inc's mortgage unit on Monday filed for bankruptcy and the auto lender said it will sell some international operations to help it get on a path to repaying US$12-billion in bailout money
Chasing Rates: The Truth Behind Interest
Posted by mortgage 18 days ago (Editorial)
?What?s your rate?? Mortgage consumers use these three words more than any other. They are the three words that guide the vast majority of decisions when choosing a mortgage lender. That?s all most people want to know. Queries about fees, points or even whether they are qualified and approvable, will follow only if the consumer receives [...]
Residential Mortgage seeking Chapter 11 protection
Posted by mortgage 6 days ago (Editorial)
Ally Financial Inc.'s mortgage division known as ResCap is seeking Chapter 11 bankruptcy protection.The government-owned lender had been weighing a bankruptcy filing for Residential Capital LLC for some ...
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