Saturday 30 April 2016
 
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Mortgage

Goldman Sachs to pay $5bn in mortgage pact

Goldman Sachs Group has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the US Department of Justice said on Monday. The settlement, which Goldman disclosed in Janua

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Saudi residential rents on the rise in Q3

The residential market in Saudi Arabia continued to witness growth in the rental sector, while the sales market experienced a slowdown, attributable to the stricter mortgage regulations and lack of affordability, said a report. Ac

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Oman property deals' value tops $5.7bn in H1

The value of the real estate transactions registered in the first six months of the year in Oman reached RO2.23 billion ($5.7 billion), reflecting a 45.9 per cent rise compared to figures of H1 2014, a report said. The collected f

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Dubai land transactions hit $35bn in H1

Dubai Land Department (DLD) recorded a total of 23,000 property transactions valued at Dh129 billion ($35 billion) in the UAE emirate during the first half (H1) of the year, said a report. According to the report issued by Real Es

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BBK promotes mortgage loans offering at show

Bank of Bahrain and Kuwait (BBK) is promoting its mortgage loans offering at the Gulf Property Show, which opened in Bahrain today (May 12). BBK chief executive Abdulkarim Bucheery said the exhibition is an ideal platform for the

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BBK promotes mortgage loans offering at show

Bank of Bahrain and Kuwait (BBK) is promoting its mortgage loans offering at the Gulf Property Show, which opened in Bahrain today (May 12). BBK chief executive Abdulkarim Bucheery said the exhibition is an ideal platform for the

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Fannie Mae posts $1.3bn Q4 profit

Mortgage giant Fannie Mae reported net income of $1.3 billion for the fourth quarter. That's down sharply from $6.5 billion a year earlier due largely to losses on investments used to hedge against swings in interest rates. St

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BBK launches new mortgage product for NRIs

BBK, one of the largest locally incorporated retail and commercial banks in Bahrain, has launched its new and improved mortgage loan product for the benefit of Non-Resident Indians (NRIs) through its branches in India. As part of

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Dubai luxury home prices growth tops global average

Dubai has got the status of the best performing luxury real estate market in the Middle East, while its 6.3 per cent annual price growth of luxury homes is better than the global average recorded during the first half of the year, a report said.

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Sama moves to curb rise in housing rents

The Saudi Arabian Monetary Agency (Sama) is set to issue real estate financing licenses to some banks and other financing institutions, in a move to curb the spiralling housing rent in the kingdom, said a report.  

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