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Top US banks 'involved in mortgage abuse'New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America, Wells Fargo and Company and other banks violated the terms of a settlement designed to end mortgage servicing abuses. Schneiderman - More… |
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Can UAE’s new mortgage caps check speculation?This article appeared in the April 2013 edition of The Gulf. If Sultan bin Nasser al Suwaidi has his way, by the end of this year it will be that little bit harder for people in the UAE to buy their own homes. The central bank More… |
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Dubai’s home ownership on the riseDubai’s freehold real-estate market is increasingly becomes a dominating force, with owner occupied home ownership now accounting for nearly one in six transactions, up by more than 100 per cent in the last four years, a report said. More… |
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UAE cbank 'agrees' on mortgage cap proposalsThe United Arab Emirates central bank has agreed, in principle, to soften plans to introduce limits on mortgage lending for residential properties following a plea by commercial banks, central bank and banking sources said on T More… |
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Saudi mulls $1.3bn Fannie Mae-style companySaudi Arabia's central bank plans to launch a real estate refinancing company with SR5 billion ($1.3 billion) of capital to help develop the kingdom's mortgage market, local media quoted its governor as saying. The company More… |
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UAE orders speedy review of mortgage, bank rulesThe UAE's central bank said on Saturday it wanted to finalise a review of regulations on mortgages, banks' loan exposure and liquidity to make sure they were put into practice quickly. The central bank has imposed regulati More… |
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DIB investors approve Tamweel acquisitionDubai Islamic Bank (DIB) said its shareholders have given approval to the lender for 100 per cent acquisition of the emirate's top Islamic mortgage lender, Tamweel. The announcement was made at the end of DIB's extraordina More… |
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UAE bank body in mortgage caps proposalThe Emirates Banks Association is discussing proposed caps on mortgages with the UAE's central bank, hoping to raise the limits while curbing speculation in the real estate market, the industry body's chairman said on Sunday. More… |
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Tamweel Q4 net profit drops 11.3pcTamweel, the Dubai-based Islamic mortgage lender, posted a 11.3 per cent drop in fourth-quarter net profit on Tuesday, Reuters calculations show, with the company blaming a full-year decline in earnings on provisions. Tamweel, cur More… |
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UAE c.bank says won't impose mortgage capsThe UAE central bank will not impose limits on mortgage lending without consulting commercial banks, and any new rules are not imminent, central bank governor Sultan Nasser al-Suweidi was quoted by a local newspaper as saying. More… |
