User: sandman1965 Topic: real estate
Category: Home Loans
Last updated: Jul 01 2015 14:59 IST RSS 2.0
 
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Loan demand for housing, education down in Gujarat 1.7.2015 TOI: Cities
The slowdown in the real estate sector and lack of interest among buyers led to 21% decline in beneficiaries of housing loans in 2014-15 than in the previous financial ...
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5 Indians among 7 charged for defrauding US banks  1.7.2015 Sify Finance
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5 Indians among 7 charged in bank fraud case in US 1.7.2015 Rediff: Business
If convicted, each defendant faces a maximum penalty of 30 years.
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IMF counters Rajan's Great Depression comment 28.6.2015 Rediff: Business
Rajan also said it's a problem of collective action and not a problem of industrial nations or emerging markets
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IMF counters Raghuram Rajan's comment about world facing Great Depression-like problems 28.6.2015 ET: Policy
With Raghuram Rajan ringing alarm bells about the world economy facing the Great Depression-like problems, an IMF research paper has countered his views.
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IMF paper dismisses Rajan's Great Depression warning 28.6.2015 DNA: Wide Angle
An International Monetary Fund has countered Raghuram Rajan's views that the world economy may be slipping into 1930s Great Depression-like problems, and said that monetary policy easing alone can't be blamed for a financial crisis.  Rajan, former IMF Chief Economist was one of the few people who had correctly predicted the 2007 financial crisis, has incited a debate among policymakers and economists with his warning against "competitive monetary policy easing" by central banks around the world. Speaking at a London Business School (LBS) conference, Rajan said that there was a need for central banks to sit together and define new "rules of the game" to find a better solution to deal with the situation. Rajan said that this was a problem of collective action and not of industrial nations or emerging markets. Countering his views, the IMF Working Paper says that monetary policy easing alone cannot be blamed for the financial instability. It pointed out that the bigger cause for the global recession in the ...
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Why you should not default on your home loan EMI 27.6.2015 Rediff: GetAhead
If you default, the bad behaviour stays in your credit report for a very long time
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Sensex, Nifty surge for 2nd straight week 27.6.2015 India News, Latest News in India, Live News India, India Breaking News - Times of India
Both the indices, BSE Sensex and NSE Nifty, surged further by 496 points and 156 points, respectively, on persistent buying from investors on hopes of rate cut from Reserve Bank of India (RBI) in view of above-average monsoon ...
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Still paying a high home loan EMI? Switch banks 26.6.2015 Hindustan Times: Business
Some banks are bundling the offer for lower EMIs with longer loan repayment tenure. While lower EMIs is an attractive option, the borrower can end up paying significantly more as interest as repayment will spread over more years than the original plan.
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Smart Cities, AMRUT, Housing for All critical for India: Deepak Parekh 25.6.2015 ET: Infrastructure
Parekh said that housing for the low-income groups and the EWS must be given due attention, since there is a subsidy attached to the two segments.
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BSE sensex hits one-month closing high on Modi's housing push 25.6.2015 TOI: India Business
The BSE sensex marked its highest close in a month on Thursday, as mortgage lenders such as Housing Development Finance Corp rose on hopes the government's push on housing would aid income.
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India's BSE index heads for 1-mth closing high on Modi's housing push, rate cut hopes 25.6.2015 Sify Finance
* BSE index rises 0.5 pct; NSE index gains 0.38 pct
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Sensex heads for one-month closing high 25.6.2015 Sify Finance
MUMBAI (Reuters) - The BSE Sensex rose on Thursday, heading for its highest close in a month, as mortgage lenders such as Housing Development Finance Corp rose on hopes the government's
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Sensex hits one-month closing high on Modi's housing push 25.6.2015 Sify Finance
MUMBAI, June 25 (Reuters) - India's benchmark BSE index marked its highest close in a month on Thursday, as mortgage lenders such as Housing Development Finance Corp rose on hopes the
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UK tenants pay more rent than any country in Europe 24.6.2015 The Guardian -- Front Page

British renters pay a higher proportion of their wages as well a higher rents, according to the National Housing Federation

Private tenants in the UK are paying higher rents than those anywhere else in Europe and spending a greater chunk of the average pay packet, according to research by the National Housing Federation (NHF).

Related: UK mortgage approvals in May hit 14-month high

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Modi's 'Housing for All' plan may just be a pipedream 24.6.2015 Rediff: Business
Struggling, corrupt construction industry will be challenged by the prime minster's $250-billion plan
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4 home loan agreement clauses you must know 24.6.2015 Rediff: GetAhead
Always be clear about the clauses and conditions laid down by your bank or housing finance company. If at all you skip this task then you may face a major problem during the entire tenure of your loan or may be even beyond that.
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Bad loans in housing segment more than halve in last 5 years, Cibil says 24.6.2015 DNA: Top News
The largest credit information company Cibil has said the proportion of bad loans in the housing segment has more than halved in the past five years. The percentage of non-performing assets (NPAs) from the home loans segment has dropped to 0.57 in March 2015 compared to 1.06 at the end of 2010, it said in a report. The company attributed the lower delinquencies to availability of timely credit information for lending. It can be noted that all the lenders check the previous history of potential borrowers with a credit information company like Cibil before taking a call on the loan proposal. The past history also helps the lenders in pricing the product. The Cibil report said Mumbai and Pune account for most such enquiries from banks for availing the details of potential borrowers, which is followed by Delhi and Bengaluru. It said 3.9 lakh new home loan accounts were opened in the January-March quarter of this year. It can be noted that in the face of slowing demand from the corporate segment, all banks ...
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Insuring your property with your home loan lender is not mandatory 23.6.2015 DNA: India
"I am taking a home loan from XYZ Bank. They are forcing me to buy property insurance from them claiming it is mandatory as per RBI rules. Is that true and should I buy the property insurance from them or can I explore from the market also?" These kinds of queries have become very common as banks seek to protect their interests while giving a home loan as well as to earn commissions on the insurance products that they sell. But one thing is very clear. There is no requirement by the Reserve Bank of India (RBI) that any kind of insurance needs to be mandatorily taken at all while taking a home loan from a bank. The use of the regulators' name is clearly mis-selling. At the same time, there is no prohibition on the banks either to make internal guidelines that home loan consumers have to take certain kinds of insurance (including property insurance) before the loan can be disbursed. But this becomes the particular bank's internal requirements. Most, but not all, banks require you to take a term insurance ...
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Surreal estate: Kensington & Chelsea properties soar to £11,635 a sq metre 23.6.2015 The Guardian -- Front Page

Halifax data reveals widening wealth gap in UK as cost of property in London’s most expensive districts reaches 12 times as much by area as nation’s cheapest

It may only be enough space for a coffee table, but a single square metre of home in Kensington & Chelsea, London, will set you back more than £11,000, according to the latest figures from Halifax.

The mortgage lender’s latest analysis of prices around Britain found the cost of property in Britain’s most expensive district is more than 12 times as much by area as in the cheapest.

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