HOME EQUITY LOANS NEWS & INFORMATION
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Friday, November 21, 2008
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LATEST HOME EQUITY LOANS NEWS:
Nigeria: IFC Invests in Ghana Home Loans to Expand Access to Housing Finance
IFC, a member of the World Bank Group, will invest in Ghana Home Loans to help the specialised mortgage provider boost residential mortgage lending and provide better access to housing finance for Ghanaians. Hong Kong's Negative Equity Cases Triple As Property Prices Fall HONG KONG (AFP)--The number of Hong Kong home mortgage loans in negative equity in the third quarter was almost triple that of the previous three months as property prices plunge, officials said Friday. Amlak halts home loans Amlak Finance, the UAE's biggest mortgage lender by market value, has temporarily stopped granting new home loans, Bloomberg has reported. The bank is reviewing its existing credit policy 'to ensure optimum servicing of existing and prospective accounts', CEO Arif Al Harmi said. No-deposit home loans on way out NO-DEPOSIT home loans could disappear next year as the global credit crisis puts the squeeze on banks. Home loan aid program expands The government will let more borrowers qualify for a new $300 billion program that lets troubled home owners swap risky loans for more affordable ones, a Bush administration official said Wednesday. Do math before merging HELOC, mortgage In some situations, it makes sense to combine a mortgage loan with a home equity line of credit. FHA-Backed Loans: The New Subprime As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long-standing federal program designed to encourage homeownership by insuring mortgages for buyers of modest means. |







