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US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts Say
31.3.2020
The U.S. mortgage industry faces collapse once again, this time due to the economic consequences following the coronavirus outbreak and massive job losses. Up to 50% of borrowers could default on their mortgage payments, according to industry estimates. Since the stimulus bill signed by President...
Reserve Bank of India (RBI) Eases Refinancing Limits on Selected Borrowers
8.11.2019
In a development that should come as a major boost for Indian banks that operate overseas, the Indian central bank RBI eased restrictions with regards to refinancing certain loans. According to the policies that are going to go into effect in December this year, foreign branches of Indian banks...
As US Expands Subprime Mortgage Program, Is a New Crisis Looming?
19.8.2019
The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social...