User: sandman1965 Topic: real estate
Category: Home Loans
Last updated: Mar 06 2015 24:42 IST RSS 2.0
 
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RBI eases norms for home loans for up to Rs 10 lakh 6.3.2015 Sify Finance
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RBI eases norms for home loans for up to Rs 10 lakh 5.3.2015 TOI: India Business
RBI today eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit.
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RBI eases norms for home loans for up to Rs 10 lakh 5.3.2015 Hindustan Times: Business
Giving a boost to affordable housing the RBI on Thursday eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a ...
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UK house prices fall 0.3% and move back in line with expectations 5.3.2015 The Guardian -- Front Page

Decrease contributed to an overall quarterly rise of 2.6%, while annual price growth eased off slightly by falling to 8.3%

House prices were back in line with expectations in February, falling 0.3% after an unexpected spike of 1.9% in January, according to the Halifax.

The fall, which contributed to an overall quarterly rise of 2.6%, means that the average house price in England and Wales is now £192,372.

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Budget 2015-16 - Short on real(ty) expectations (Comment: Special to IANS) 5.3.2015 Sify Finance
2015-16 demonstrating pro-growth and
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Help-to-buy scheme needs replacement before it ends, warn mortgage lenders 5.3.2015 The Guardian -- Front Page

Failure to replace mortgage guarantee scheme, which is due to end in 2016, would hit first-time buyers and competition in housing market, says IMLA

Failure to replace the help-to-buy mortgage guarantee scheme when it comes to an end next year will choke off competition and push the first-time buyer market back into decline, lenders have warned.

The scheme, which offers banks and building societies a government guarantee on mortgages of up to 95% loan to value (LTV) on existing properties, was launched in late 2013 as part of a series of measures to kickstart the housing market. But it is scheduled to end in 2016.

Related: Housing experts: Tory plans neglect those who need affordable homes

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Surprise rate cut by Rajan 5.3.2015 Telegraph: Front Page
RBI governor Raghuram Rajan sprang a huge surprise today by cutting the policy interest rate by 25 basis points to 7.5 per cent, whipping up brio on the stock markets just a day before Holi.
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RBI's rate cut may spur housing demand 5.3.2015 ET: Policy
Developers are excited by the move to soften interest rates which would make home loans cheaper and help improve the sluggish sales.
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RBI cuts repo rate by 25 basis points to 7.5%, home loans to be cheaper 4.3.2015 CNN-IBN: Business
In a surprise move, the Reserve Bank of India on Wednesday cut repo rate by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect. This is the second rate cut in the past two months.
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7 home loan problems borrowers face in India 3.3.2015 Rediff: GetAhead
Each problem is discussed in detail and appropriate remedies are mentioned along with it.
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Ocwen to sell mortgage servicing rights on $45 bln of agency loans 3.3.2015 Sify Finance
(Reuters) - Mortgage servicer Ocwen Financial Corp said it would sell residential mortgage servicing rights on $45 billion of agency loans to an undisclosed buyer.
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Buy-to-let landlords and retirees risk squeezing out first-time buyers, data shows 2.3.2015 The Guardian -- Front Page

Newcomers already battling landlords armed with an average £100k deposit will in April face a wave of etirees armed with pension pot lump sums

First-time buyers have been warned that they face increasing competition for properties as figures showed that buy-to-let landlords are looking for mortgages with deposits averaging almost £100,000.

Data from the Mortgage Advice Bureau (MAB) based on searches through the UK’s main price comparison sites showed that in the final quarter of 2014, people searching for a buy-to-let mortgage typically said they had £99,914 in equity to put down.

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UK house prices fall 0.1% in February 2.3.2015 The Guardian -- Front Page

Nationwide’s figures are in line with other indicators which have shown falling interest from buyers and a change in mood from a year ago

House prices fell by 0.1% in February, according to the latest figures from the UK’s largest building society, as a slowdown in activity continued to draw the heat from the market.

The annual rate of price inflation fell for the six month running and now stands at 5.7%, said Nationwide, less than half the 11.8% it hit in June 2014 and its lowest level for 16 months.

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Silicon Valley likes to promise ‘digital socialism’ – but it is selling a fairy tale | Evgeny Morozov 1.3.2015 Guardian: Comment is Free
The tech industry says it can tackle inequality, and governments are keen to let it try. The choice that citizens now face is not between the market and the state, but between politics and non-politics The outside world might regard Silicon Valley as a bastion of ruthless capitalism but tech entrepreneurs fashion themselves as believers in solidarity, autonomy and collaboration. These venture humanitarians believe that they – and not the wily politicians or the vain NGOs – are the true champions of the weak and the poor, making the maligned markets deliver material benefits to those on the fringes of society. Some of the valley’s in-house intellectuals even cheer the onset of “digital socialism,” which – to quote digital thinker and environmentalist Kevin Kelly’s 2009 cover story in Wired – “can be viewed as a third way that renders irrelevant the old ...
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#DearFM, Twitterati have placed their Budget 2015 wishes 28.2.2015 ET: Infotech
Now most of them are expecting a ‘reform Budget’, as pointed out by Shailesh Pinto, a technical writer.
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Outright owners of homes outstrip mortgage holders for first time since 80s 25.2.2015 The Guardian -- Front Page

English Housing Survey figures reveal plight of a ‘priced-out’ generation

The number of householders who own their homes outright outstripped the number of people buying with mortgages for the first time in more than three decades in 2013-14, according to official data.

Housing groups warned of a “priced-out generation”, as the English Housing Survey showed the homeownership levels had fallen to a 29-year low and the proportion of 25-34 year olds who were owner occupiers had dropped from 59% to 36% over the past 10 years.

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Piramal Fund Management plans Rs 5,000 crore investment in realty projects 25.2.2015 ET: Finance / Insurance
The fund has already invested in nine realty projects through construction finance proposals totaling Rs 1,100 crore in the last three months.
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Sales elude realty sector, all eyes on Budget 24.2.2015 Rediff: Business
A revival in the sector is still 12-18 months away: Experts
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Flashback: Key features of the last five Union Budgets 23.2.2015 CNN-IBN: Business
Riding high on the development agenda, Narendra Modi led Bharatiya Janata Party triumphed the Lok Sabha elections with a thunderous applause in May 2014. Nine months later, in its first full-fledged Union budget, it is time for the Modi government to put into action the tall promises made during elections.
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From the Canaries to Cork, Brits seek to cash in on euro house bargains 22.2.2015 The Guardian -- Front Page
The slide in the euro and a belief that the fall in property prices is bottoming out has prompted a fresh surge of interest in living overseas

For the beleaguered immobiliers of the Dordogne, the luckless inmobiliarios of Marbella, and the downtrodden immobiliari of Umbria, things may finally be looking up.

After more than five years in which falling property prices across prime eurozone locations have deterred Britons from buying abroad, there are signs of a renaissance of interest in the overseas market.

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