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Tag: mortgage
Lawyer charged with conspiracy to cheat bank of mortgage loans
2015-03-31 08:27:49| Real Estate - Topix.net
Mohammed Lutfi Hussin, 48, faces nine charges of conspiring with Mohammad Sauki Mawadi, a former real estate agent, to cheat OCBC Bank of delivering a total of $6.2 million as mortgage loans in 2005 and 2006. Court documents say that Sauki dishonestly submitted documents as part of a mortgage loan application to OCBC for nine properties by inflating their purchase prices and induced the bank to approve and deliver higher mortgage loans.
Tags: bank
loans
mortgage
charged
Mortgage approvals at six-month high
2015-03-30 11:53:36| BBC News | Business | UK Edition
The number of mortgages being granted across the UK hit a six-month high in February, Bank of England data shows.
Tags: high
mortgage
approvals
mortgage approvals
Mortgage wars heat up Vancouver's already hot real estate market
2015-03-19 08:06:19| Real Estate - Topix.net
A lowering of a popular financing option for home buyers could cause more harm than good for at least one Vancouver couple. "Why couldn't [interest rates] just go up to where they were before, and we would probably be able to find a place?" asks Melaine Lee.
Mortgage lending dipped in January
2015-03-17 13:34:50| BBC News | Business | UK Edition
Mortgage lending to home buyers went through an unexpectedly large dip at the start of the year.
Tags: january
mortgage
lending
dipped
Annaly Capital And Chimera Investment Corp.: The Problem Facing Mortgage REITs
2015-02-22 00:26:55| Real Estate - Topix.net
Annaly Capital Management, Inc. and sister company Chimera Investment Corporation are two examples of mortgage real estate investment trusts, or REITs, with fat yields. However, does a big dividend yield make a good investment? The answer is no, and now may be a particularly risky time to jump aboard.
Tags: problem
capital
investment
corp
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