Mortgage loan Current Affairs, GK & News

RBI Committee Report on Development of Housing Finance Securitisation Market

The report by an RBI committee on the development of housing finance securitisation market headed by Harsh Vardhan, senior advisor, Bain & Co has made the following observations: The home loans disbursed by banks and housing finance companies (HFCs) is expected to jump to Rs 35 lakh crore by the end of fiscal 2022, from ..

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Jyske Bank launchs world’s first negative interest rate mortgage

Denmark’s third largest, Jyske Bank has launched the world’s first negative interest rate mortgage and started to offer a10-year mortgage deals at a negative interest rate of 0.5% a year. Under its negative mortgage, borrowers will pay the usual EMI but the outstanding amount will be slashed each month by more than the borrower has ..

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Residential Asset Price Monitoring Survey conducted by RBI

The Reserve Bank of India (RBI) has conducted the quarterly Residential Asset Price Monitoring Survey (RAPMS) on housing loans disbursed by select banks / Housing Finance Companies (HFCs) across 13 cities. The report indicated that housing affordability has worsened over the past 4 years as the House Price to Income (HPTI) ratio increased from 56.1 ..

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Harsh Vardhan RBI committee to review mortgage securitisation

The Reserve Bank of India (RBI) has constituted a 6-member committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it. The committee on the development of housing finance securitisation market, headed by Bain & Co Senior Advisor Harsh Vardhan, will review the regulations relating to Mortgage-Backed Securitization (MBS) ..

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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 ..

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