Mortgages

Given the bank’s track record and execution capabilities, HDFC Bank can positively surprise the Street both in terms of growth as well as profitability post merger

Why is Bajaj Finance stock under pressure despite impeccable business show?

Though loan growth is healthy and asset quality better, downside risks to the stock’s valuation have increased

HDFC: Q3 FY23 on an even keel, merger matrix to steer stock

The housing mortgage lender’s plus point is its ability to deliver a consistent performance across credit cycles and in the face of intense competition

HDFC Q2 – Steady performance, all eyes on merger

The mortgage financier saw robust growth in retail loans, while credit costs were lower. Asset quality improved too, though margins declined.

Why should investors bet on DCB Bank?

Asset quality stress seems to have peaked; operating efficiency set to improve

Barclays to pay $120 mln in US Libor litigation: Lawyers

The British bank is the first to resolve claims by so-called "over-the-counter" investors that transacted directly with banks comprising a panel to determine Libor, or the London Interbank Offered Rate.

Fall in Chinese home prices moderates in April

Average new home prices in China's 70 major cities dropped 6.1 percent last month from a year ago, the same rate of decline as in March, according to Reuters calculations based on official data published on Monday.

Jan IIP may disappoint significantly, says Nomura

"Overall the first half of FY15 was very weak for corporate growth relative to historic trends. While there has been some pick-up in Q3, the seasonality in growth is less pronounced and going by January trends, looks like industrial growth will disappoint significantly," Nomura said in a research report.

MetLife will pay govt $123.5 mn in mortgage settlement

The Justice Department said today that the mortgages were insured by the Federal Housing Authority. It says MetLife knew many of the loans didn't meet federal requirements but it rarely informed the FHA about the problem.

In line to achieve loan book growth of 25-30% in FY15: IIFL

The company reported a consolidated net profit of Rs 112.3 crore which was up 2.6 percent versus Rs 109.5 crore quarter-on-quarter (Q-o-Q) for the third quarter ended December 2014

China banks on first-time buyers to prop up housing

New home prices dropped in July for the third month in a row with 64 out of 70 cities surveyed showing month-on-month declines.

Mortgages tougher to get for credit challenged customers

Typically, home buyers used to complain of the paucity of home loan options in the market. Then, in the early 90s, these customers complained of high interest rates. Then, post-2005 emerged the challenge of rising real estate prices for these potential home buyers.

Rising rates: Reason to worry or sign of strength?

Encouraging reports on housing and hiring, along with a soaring stock market, have led many to suspect that the Fed could cut back on its bond buying in the coming months; reasons why traders have been selling bonds over weeks.

BofA to sell service rights on $100bn of mortgages

Bank of America Corp (BofA) is looking to sell collection rights on at least another USD 100-billion of mortgages after announcing similar deals for more than USD 300 billion on Monday, according to two sources familiar with the situation.

Time to fall back in love with mortgage banks: Analyst

Once the dregs of the US economy, mortgage banks are becoming more attractive as the home sector claws back from a depression and the Federal Reserve moves to buy mortgage-backed assets, an analyst said Monday.

JPMorgan profit rises, loan book grows

JPMorgan Chase & Co posted a higher-than-expected second-quarter profit as it wrote off fewer bad mortgages and credit card loans.