Egypt’s FRA eases rules for mortgage financing
Egypt’s Financial Regulatory Authority (FRA) announced on Wednesday new regulations allowing mortgage financing…
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Mortgage
US 30-year fixed-rate mortgage hit new low
The average rate on the popular U.S. 30-year fixed-rate mortgage has fallen to its lowest level since May 2023.…
BoC likely to leave overnight rate untouched
The Bank of Canada (BoC) is expected to maintain its key overnight rate at 5 per cent despite recent data…
PREDCO, Aspire Holding plan inaugurate joint mortgage company
Pioneers Properties for Urban Development (PREDCO) and Aspire Capital Holding for Financial Investments intend to…
Egypt’s central bank launches mortgage initiative for low, middle income citizens
Egypt’s central bank has launched on Tuesday a mortgage initiative, allocating 100 billion Egyptian pounds ($6.4…
Egypt’s FRA: leasing companies can delay loan repayments for 6 months
Egypt’s market watchdog, the Financial Regulatory Authority (FRA) issued a decree that makes mortgage, financial…
Egypt’s NBE injects $518.6mn among CBE’s mortgage initiative
Egyptian largest state-owned lender, National Bank of Egypt (NBE) says it has pumped 8.2 billion Egyptian pounds ($…
Egypt’s Beltone to launch two subsidiaries to provide leasing, mortgage services
Egyptian investment bank Beltone Financial Holding said on Monday its board approved to launch two 98 percent-owned…
U.S. housing sector continues to tread water
Sales of new U.S. single-family homes rebounded sharply in June, yet sales for the prior three months were revised…
INTERVIEW: Egypt’s EFG Hermes mulls move into insurance, mortgage sectors
Egyptian investment bank EFG Hermes is considering expanding into the insurance and mortgage sectors after…
European markets seen lower ahead of more Fed comments
European equities are seen lower on Thursday morning as investors watch out for fresh comments from Fed Chairman…
Egyptian mortgage companies pump funds of 1.4 bln pounds in 11 months
The total value of mortgage granted by mortgage companies in the first 11 months of 2017 recorded 1.4 billion…
RBS to pay $125M to settle California mortgage bond claims
Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while…
Banque Misr teams up with three partners to launch leasing unit
Banque Misr, Egypt’s second largest state lender, is linking up with Misr Financial Investments, Misr Insurance…
Banque Misr pumps 900mn Egyptian pounds for low-income housing projects
Egypt’s second largest bank, state-owned Banque Misr has pumped 900 million Egyptian pounds ($49.2 million) to…
Sprint to raise $3.5 billion through sale, lease-back of airwaves
Sprint Corp, the No. 4 U.S. wireless carrier, is preparing to mortgage a little more than 10 percent of its…
Egyptian Mortgage Refinance says injected $11.9 mln finances in 8 months
Egyptian Mortgage Refinance Company (EMRC) has pumped finances estimated at 105 million Egyptian pounds ($11.9…
Emirates NBD Egypt mulls establishing new mortgage unit
Emirates NBD Egypt is studying establishing a new unit for mortgage activities, its deputy managing director Sahar…
U.K. mortgage approvals hit lowest in 18 months
The number of new mortgages approved in the U.K. dropped in July to the lowest level in more than a year, a sign…
Faisal Islamic Bank’s mortgage portfolio hits $112k for middle-income housing units
Egypt-based Faisal Islamic Bank’s portfolio of mortgage finances pursuant to the central bank’s initiative has…
Brexit uncertainty created pause in UK mortgage sector in July
The UK’s mortgage sector was hit in July as a result of the European Union referendum with both the number and…
CBE allocates $56mn to Mortgage Initiative
Central Bank of Egypt (CBE) allocated 500 million Egyptian pounds for mortgage firms among the first stage of…
HSBC says H1 pre-tax net profit hit $235 mln in Egypt
HSBC plc says net profit before tax in Egypt reached $235 million in the first half of the 2016. The bank in Egypt…
Mortgage firms in Egypt grant funds of $60.7mn in H1 2016
Egypt's mortgage companies have granted funds estimated at 540 million Egyptian pounds ($60.7 million) during the…
United National Bank to provide mortgage for Misr Italia clients
Egypt-based property developer Misr Italia Holding signed protocol on cooperation with the United National Bank to…
Egypt’s mortgage activity grows 12 percent in five months
Egypt's mortgage sector activity grew 12 percent during the first five months of 2016, Sherif Samy, Chairman of the…
Egypt’s mortgage sector leapt by 30 pct in 2016
Egypt’s first-quarter mortgage activity surged by 30 percent, the head of Egyptian Financial Supervisory Authority,…
Egypt low-income citizens can apply for 500,000 affordable housing units: Minister
Egypt’s housing ministry announced on Thursday that low-income citizens will be able as of Saturday to purchase…
Egypt’s banks pumped US$225mn among CBE’s mortgage initiative in 2 years
Egypt’s local banks injected 2 billion Egyptian pounds (US$225 million) in favour of the central bank's low-income…
Citigroup executives avoid U.S. charges over mortgage bonds – document
U.S. authorities have decided not to pursue criminal charges against any Citigroup Inc (C.N) executives or…
Egypt’s mortgage sector leapt by 600% in 2016
Egypt's mortgage sector has jumped by 600 percent during January 2016, largely the mortgage companies has granted…
CBE amends the mortgage finance initiative keeping in mind low-income earners
Central Bank of Egypt (CBE) amended the mortgage finance initiative, which was issued in February 2014 to finance…
Credit Agricole’s mortgage arm achieves $30.6mn funds in 2015
Credit Agricole Egypt’s mortgage company Egyptian Housing Finance Co. (EHFC) declined by 14 percent to record…
NBE ups mortgage loans to $33.6bn to serve 3,520 low-income units
The National Bank of Egypt (NBE)’s mortgage loans, upon the central bank’s housing initiative, have increased to…
Egypt’s first real estate financing federation to launch its website in two weeks
The newly-founded Egyptian Real Estate Financing Federation will be launching its website in two weeks to…
AmCham: Egypt real estate sector shows promising growth opportunities
Egypt’s real estate sector offers promising growth opportunities owing to the rise in demand for housing units and…
Pimco, others sue Citigroup over billions in mortgage debt losses
Pacific Investment Management Co and other investors have sued Citigroup Inc over the bank's alleged failure to…
Egyptian Mortgage Refinance eyes $25mn bond issuance
The Egyptian Mortgage Refinance Company (EMRC) intends to enter bonds market for the first time with initial issue…
Faisal Islamic offers 3 proposals to activate central bank’s mortgage initiative
Faisal Islamic Bank of Egypt is offering the country’s central bank three proposals to activate the mortgage…
U.S. regulator sues BNY Mellon over $2bn in soured mortgages
A U.S. regulator sued Bank of New York Mellon Corp (BK.N) on Wednesday over $2.06 billion in residential…