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05 May 2011 ~ Comments Off

Thai government considers helping homebuyers with affordable loans

The Government Housing Bank in Thailand is considering offering 0% interest rate loans for the first two years, to allow people in middle and low income brackets to purchase property costing less than US$100,200. View full post on All Stories

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03 May 2011 ~ Comments Off

McKillen increases repayments on loans in bid to avoid NAMA transfer

PROPERTY investor Paddy McKillen has increased repayments on his multi-billion euro loans in a bid to keep the debts away from the National Asset Management Agency (Nama). View full post on All Stories

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24 April 2011 ~ Comments Off

Pre-sanctioned home loans look attractive, but they don?t suit everybody

Banks and housing finance companies offer pre-approved home loans even before the borrower decides on the property. While this sounds inviting, there may be some not-so-exciting features. Check out View full post on All Stories

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04 April 2011 ~ Comments Off

In Brief: Fed pumps $24.5bn into Depfa Bank

THE US Federal Reserve pumped $24.5bn (¿17.1bn) into Dublin-based Depfa Bank during the Fed’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans, Bloomberg said yesterday. Depfa was taken over in 2007 by a German property lender and later seized by the German government. View full post on All Stories

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02 April 2011 ~ Comments Off

Judge: Resort lawsuit can go on, but no RICO claim

A federal judge in Idaho ruled that Credit Suisse can be sued by property owners over loans the international banking giant made to luxury resorts that went broke. The judge also dismissed a racketeering claim against Credit Suisse in the multibillion-dollar case. View full post on All Stories

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31 March 2011 ~ Comments Off

Disputed loan was only one of many investor took out at time

Businessman Philip Lynch had taken out several millions euro worth of loans to invest in shares and international property around the same time his family joined Gerry Conlan to borrow €25m for a site in Waterford, the court heard. View full post on All Stories

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28 March 2011 ~ Comments Off

Desperate Irish government send fresh tremors through Europe

The Irish government sent fresh tremors through the European financial sector after threatening to renege on a swathe of loans to its crippled banks. The newly-installed Coalition vowed to impose losses on creditors to its profligate lenders, which are now on life support following a severe property crash. View full post on All Stories

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16 March 2011 ~ Comments Off

Banks Increase Loan Limits on Real Estate Collateral

Banks are increasing the percentage of loans obtainable by borrowers who use real estate as collateral, as soaring property prices reduce the risk of losses from default. Most Kenyan banks cap the … View full post on All Stories

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08 March 2011 ~ Comments Off

Coalition refuses to transfer more loans into NAMA

The incoming government will not honour a key demand of the IMF-EU bailout programme which required NAMA to take over thousands of property loans valued at less than €20m. View full post on All Stories

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11 February 2011 ~ Comments Off

House prices fall on first-time dearth

House prices fell for the fourth consecutive month in December, according to Acadametrics, while CML figures show mortgage numbers dropped 4% Continued evidence of a faltering housing market emerged today with Council of Mortgage Lenders (CML) figures showing the number of first-time buyers plummeted by 42% year-on-year to 14,500 in December. The number of first-time [...]

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