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Banks honor government July 1 ban on foreign-currency-based mortgages, but note risks
Banks honor government July 1 ban on foreign-currency-based mortgages, but note risks Major banks in Hungary on Thursday suspended receipt of new applications for foreign-currency-denominated mortgages in accord with a recent government decision to prohibit such mortgages effective July 1. Read more on Budapest Business Journal
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More banks raise interest rates
More banks raise interest rates ANZ National Bank has increased its variable, six month and one year mortgage rates after the Reserve Bank of New Zealand hiked the official cash rate by 25 basis points to 2.75 percent earlier this month. read more Read more on Otago Daily Times
Banks Face Short-Sale Fraud as Home ‘Flopping’ Rises (Update2)
Banks Face Short-Sale Fraud as Home ‘Flopping’ Rises (Update2) Two Connecticut real estate agents found a way to profit in the U.S. housing bust: Buy low, sell fast. Their tactic was also illegal. Read more on BusinessWeek
2. Banks start increasing interest rates on car loans
2. Banks start increasing interest rates on car loans PETALING JAYA: Interest rates on new non-national car loans has increased by an average of 0.25 percentage point effective yesterday while rates for new national car loans saw a hike of about 0.10 percentage point, a check with several major lenders sh… Read more on The [...]
Spanish Banks With $167 Billion of Assets Plan Four-Way Merger
Spanish Banks With $167 Billion of Assets Plan Four-Way Merger Four Spanish savings banks plan to combine to form the nation’s fifth-largest financial group with more than 135 billion euros ($167 billion) in assets, as regulators push ailing lenders to merge with stronger partners. Read more on BusinessWeek
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How long does it take for banks to foreclosure a house?
few months ago I lost my house and still in the process of foreclosure. what is the process time period? does any one knows. please Do not send stupid comments.
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