Low-doc lenders need to provide brokers with better education, Pepper Home Loans has said.An ASIC review released last week found issues of non-compliance among low-doc brokers, saying there were instances of brokers inadequately recording information or verifying client income. Pepper Home Loans COO David Holmes said the review's findings are indicative of a lack of education on low-doc requireme...
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review process behind the loan was not quite as diligent as Secretary Chu insists...
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ensure that home loan customers stick around longer in an environment without prepayment charges, ICICI Bank has introduced cashback offers on home loans....
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Close to a million home loans in the U.S. were in some stage of the foreclosure process in early 2011. More than half a decade after the start of the housing crisis, that number has started to decline, but there were still nearly 750,000 homes in the foreclosure process as of February 2013. To determine the 10 banks foreclosing the most home loans, 24/7 Wall St. reviewed data provided by RealtyTrac,...
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scheme, aimed at existing home loan borrowers and linked to the price of property, is offering personal loan at 11.25% to existing home loan customers.The offer is similar to the top-up scheme of other players such as ICICI Bank and home loan provider HDFC, which have pegged their loans at 12.25% and 12.50%, respectively. The new product, called 'SBI Home Equity scheme', gains relevance in the context...
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SBI’s home loans portfolio as on June 30, 2011 stood at Rs89,881 crores recording a growth of 20.37% year-on-year. This growth is higher than the industry home loans growth of 17% recorded in April, May and June 2011.When State Bank of India’s (SBI) chairman Pratip Chaudhuri discontinued “SBI Easy Home Loan and SBI Advantage Home Loan” popularly known as teaser loans from May, he was confident that...
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largest lender and market leader in home loans segment, State Bank of India, on Thursday said sluggish growth in property market prompted it to cut its annual home loan growth target by up to 10 per centage points.The bank, which cut its home loan rates on Wednesday by up to 0.60 per cent, was earlier targeting a 25 per cent growth in its home loan book. Such loans are expected to grow by only 15-20...
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one of the biggest nightmare for home buyers. If you are looking for a home loan where you monthly instalment does not change during the entire tenure of the loan, Axis Bank has a product to offer.Axis Bank has launched a lifetime fixed rate home loan at an interest rate of 11.75% for a 20-year tenure. This is one of the cheapest fixed rate loan available in the market.HSBC offers fixed rate home loans...
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Bringing back memories of the much-reviled teaser rate home loans, ICICI Bank today launched two home loan products, which give borrowers the option of a fixed interest rate for the first two years.However, it isnt a teaser rate loan in the strictest sense as it does not front-load a lowball rate as an inducement to unsuspecting home loan borrowers.Under the one-year fixed rate home loan, the customer...
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bank launched "NISHCHINT" lifetime fixed interest home loan scheme which offers home buyers loans at a fixed rate of 11.75 per cent for the entire duration of the loan that is up to 20 years, Axis Bank said in a statement.Under the scheme, the bank will offer home loan to eligible buyers up to 85 per cent of loan-to-value for debt up to 20 lakh and 80 per cent loan-to-value for borrowings above Rs...
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