Reverse mortgage: Is this the solution if you retire cash-poor? – National

Reverse home loans have never been this popular in Canada.Inquiries about them have actually doubled between 2016 and 2017, according to HomeEquity Bank’s CHIP Reverse Home loan, which was, for a time, the only banks to use them nationwide.And as a wave of infant boomers crosses the work-life surface line, competitors to serve those who…

RBA on hold as mortgage rates and loaning standards take centre stage

The Reserve Bank of Australia has dodged concerns surrounding rising mortgage rates, falling property prices and a lending crackdown to extend its record-breaking streak without moving the cash rate. The central bank on Tuesday opted to leave the official cash rate on hold for the 21st time in a row at 1.5 per cent –…

Fintechs are the emerging choice for new-age credit, loans

by Upasana Taku Securing small loans could be a tedious task, especially when the processes are cumbersome to get it from the formal banking system. And that is what Anil, a 27-year-young entrepreneur from Delhi realised when he wanted to buy a laptop recently.  For Anil, getting a laptop was crucial for his business. He…

Wayne Byres’ surprise: APRA declares mortgage crackdown ‘largely done’

The regulative clampdown on Australia’s heavily-scrutinised banks is now “largely done”, according to overseer Wayne Byres, who has actually declared “the heavy lifting on lending standards” has been completed.The chief of the Australia Prudential Policy Authority said there was more”excellent housekeeping to do “, however any further tightening up is anticipated to be” at the…

5 Tips to assist Single Moms And Dads Get Approved for a House Mortgage

Being a single parent comes with a heavy responsibility to offer your children, while dealing with the daily struggles of parenting alone. Among the greatest duties a single parent bears is that of putting a roofing over their children’s heads.As a single parent, you must initially identify if renting or house ownership is the very…

Banks’ Non Carrying out Loans struck GH cents 8.6 bn.

BOG Governor, Dr. Ernest Addison Despite moves by the central bank to sanitize the banking sector, the industry’s asset quality remains a source of concern as the Non-Performing Loans (NPLs) ratio remain high, the Bank’s Sector Report has revealed. The stock of NPLs increased from GH¢7.1bn as at end-April 2017 to Gh¢8.63bn in April 2018- a new…

The Issue With Farm Loans

The Situational Evaluation of Farmers’ brings this out nicely. If farming families are arranged based on their land holdings, then the families with smaller sized holdings( which typically recommends lower wealth)usually produce unfavorable cost savings. This suggests that these households do not create any savings or equity to money their agriculture organisation. While that is…

Financial Crisis: “Mother of All Credit Bubbles”: Who’s Listening?

An extraordinary article by regular financial columnist Steven Pearlstein in the June 10 Washington Post warned that a surge in corporate debt has created “the mother of all credit bubbles,” and put the U.S. (and world) financial systems on the road to a new crash worse than that of 2007-8. The full-page spread featured charts…