Taiwan’s banks not wanting their loans turning into bad loans, are helping home owners to extend their mortgage loan payment by 10 years.
There have been a growing number of home owners finding difficulties repaying their loans admist the global economic crisis.

Recent figures shows domestic banks loans rose to NT$18.6 trillion in October, an increase of […]

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Bank of Thailand forecast the local loans provided by commercial banks are expected to be far slower and lesser.
This is due to current economic crisis and bank’s reluctance to issue loans fearing that it may turn out to be bad loans.

Although overall volume of loans provided by banks set in October was the same at […]

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Automakers General Motors and Ford are hoping to hear from the White House about their $15 Billion loan package proposal they sent earlier this week,
With the news of the proposal, the automakers gained 18% for GM while Ford was up 17%.

It seems the loan would be likely announced today or as early as December 15th.
The […]

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AFM or the Dutch Financial Markets Authority might tightens the rules for banks who provides mortgages.
It all stems from stagnant sales and the construction of houses in recent months.
With that, banks are calling the government to raise the ceiling of mortgage guarantees, in the hopes to boost the housing sector.
This stagnation could spell the start […]

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Industrial Credit and Investment Corporation of India has reduced their home loans interest rate of Rs 2 million and below to 11.5%.
It was a revised rate of 1.5% from 13% to 11.5%.
This new cut will only apply to new home loans.
I reckon ICICI had to do it as their company shares has been slipping Rs […]

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