Foreclosure Current Affairs, GK & News
SBI signs with India Mortgage Guarantee Corporation (IMGC) to offer mortgage guarantee backed home loan
The State Bank of India (SBI) has recently signed a pact with India Mortgage Guarantee Corporation (IMGC) to offer mortgage guarantee scheme for prospective non-salaried and self-employed home loan customers. The offering will help increase home loan eligibility up to 15% within the regulatory norms. The MoU between SBI and IMGC is a strategic initiative ..
Category: Government Schemes Current Affairs
Reserve Bank of India asked banks to forthwith stop charging penalty on pre-payment of home loans taken on floating interest rates. RBI held in its notification that abandoning prepayment penalty on home loans would lead to reduction in the bias between existing and new borrowers. The action can aid in finer pricing of the floating ..
Month: Current Affairs - June, 2012
Topics: Economy • Finance • Foreclosure • Loans • Money • Mortgage • Mortgage loan • Mortgage-backed security • Predatory lending • Prepayment of loan • Structured finance • United States housing bubble