Page 3 - Mortgage

Indiabulls Housing Finance Q2 net profit down 11% to Rs 286 crore

The comapny disbursed retail loans of Rs 325 crore in the month of September 2021 through its co-lending tie-ups

HDFC second quarter net profit rises 32% to Rs 3,780 crore

HDFC scrip was trading at Rs 2,901.35 apiece on BSE, up 2.02 per cent from the previous close

Improved affordability, lowest-ever interest rate pushing home loan demand

Favourable demographics, improved affordability of residential properties and historically low mortgage rates are pushing the demand for home loans, mortgage lenders said. Several major banks, mortgage companies and housing finance companies have significantly reduced their interest rates on home loans during the festival period to encash revival in housing demand after the second wave of the COVID-19 pandemic. In some cases, the interest rate on home loans is as low as 6.5 per cent. Asked about the likely impact of its decision to cut mortgage rates for the festive season on home loan disbursals, HDFC Managing Director Renu Sud Karnad said the lower interest rate does help but it is just one of the many variables for the pick-up in demand for home loans. "Housing today is much more affordable than it ever was. In the last couple of years, property prices have more or less remained the same across the country while income levels have gone up," she noted. Karnad further said people

Banks are auctioning 2,362 properties in next 30 days. Grab one for a song

But get a thorough title check done and ensure there are no outstanding dues

Mortgage firm Easy raises $15 mn in series A, focus on affordable housing

The round was led by private equity firm Xponentia Capital Partners, founded by former Carlyle Group managing director Devinjit Singh

LIC HFL cuts home loan rates to all-time low of 6.66% for select borrowers

Mortgage financier LIC Housing Finance on Friday said it has reduced its interest rates to 6.66 per cent for home loans up to Rs 50 lakh.

HDFC beats the Street, post 42% net profit surge to Rs 3,180 cr in Q4

Board okays re-appointment of Keki Mistry as vice-chairman, CEO for 3 more years

US home prices rise 10.1% in Dec, fastest since 2014 due to low rates

U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from crowded urban areas to houses in the suburbs. The S and P CoreLogic Case-Shiller 20-city home price index, released Tuesday, climbed 10.1per cent in December from a year earlier. The year-end jump was the biggest since April 2014 and follows a strong 9.2per cent year-over-year gain in November. Home prices climbed 14.4per cent in Phoenix , 13.6per cent in Seattle and 13per cent in Seattle in December. But prices rose all over. Chicago, which recorded the slowest price gain, saw a 7.7per cent uptick. Detroit was not included in the year-over-year figures because of record-keeping delays caused by the coronavirus pandemic. These data are consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes," said Craig Lazzara, global head of index investment strategy at S&P DJI.XX. But he said it was ...

US long-term mortgage rates fall to record low for 15th time this year

US long-term mortgage rates declined this week to record low levels for the 15th time this year against the backdrop of an economy ravaged by the pandemic

MFI stocks make a comeback in financial landscape after two-year hiatus

Betting on pure-play MFI players such as CreditAccess Grameen and Spandana Sphoothy may be safer compered to MFI-oriented banks

ADB-backed Mortgage Corp may need new investors to grow

The revision factors in lower-than-anticipated growth in the company's scale of operations, which impacts its profitability.

Monthly collections from securitised retail loans up to 50% in June: Crisil

Collection ratio for loans in microfinance, commercial vehicle and mortgage space had fallen to near-zero in many pools in April 2020

Other income, mortgage guarantee can help you increase loan eligibility

Showing other income, and buying mortgage guarantee will help get approval

A deferred free lunch for good conduct

RBI could ask banks to reward customers who do not default by giving a discount at the end of the loan's tenure

Delinquencies have doubled amid Covid-19, says IMGC CEO Mahesh Misra

Higher loan-to-value transactions also have higher moratorium percentages. And people with poor credit scores have opted for moratorium compared to those who had no credit scores, he said

PNB Housing Finance cuts lending rates by 15 bps for existing customers

The company offers its retail customers housing and non-housing loans

Cholamandalam eyes mortgage-finance segment, to offer Rs 15 lakh loans

The company will target buyers of low-cost homes and offer loans of as much as Rs 15 lakh

Breakthrough in sensitivity conjecture

Hao Huang's argument could finally help in the understanding of Boolean Functions

Avoid rejection despite a low credit score

Options you can try include an NBFC or pledging your assets as collateral to garner a loan