Business Standard

Mortgage

US 30 year mortgage rate slips to 6.13%, refinancing activity jumps

Refinancing now accounts for more than 57 per cent of all mortgage applications, the data show, above the historic median of 48 per cent

US 30 year mortgage rate slips to 6.13%, refinancing activity jumps
Updated On : 25 Sep 2024 | 4:51 PM IST

Sumant Rampal appointed as head of HDFC Bank's mortgage business

Before the new role, Rampal was the Group Head - Business Banking Working Capital, Rural Banking Group, and Sustainability Livelihood Initiative at HDFC Bank

Sumant Rampal appointed as head of HDFC Bank's mortgage business
Updated On : 29 Mar 2024 | 1:01 AM IST

BS IMLC: 'There's a need for re-look at affordable housing definition'

Cost of finance to housing firms is a concern, considering the inherent risks in the industry, said Adhikari

BS IMLC: 'There's a need for re-look at affordable housing definition'
Updated On : 27 Feb 2024 | 11:51 PM IST

Revisit sops for loans to push housing sector growth: Khara at BS IMLC

Pointing to economic spinoffs, such as creating jobs, Dinesh Khara, chairman, says it's time to revisit tax benefits for loans

Revisit sops for loans to push housing sector growth: Khara at BS IMLC
Updated On : 27 Feb 2024 | 11:36 PM IST

BS IMLC: IMGC expects to write mortgage cover worth Rs 11,000 cr in FY25

The company aims to provide guarantees worth Rs 7K cr in FY24

BS IMLC: IMGC expects to write mortgage cover worth Rs 11,000 cr in FY25
Updated On : 27 Feb 2024 | 11:23 PM IST

BS IMLC: 'Developers looking beyond capital, aiming to tap smaller cities'

There is confusion among buyers regarding the distinction between land and a house due to issues with land records and opaqueness

BS IMLC: 'Developers looking beyond capital, aiming to tap smaller cities'
Updated On : 27 Feb 2024 | 11:18 PM IST

China cuts reference rate more than expected to revive property market

The five-year loan prime rate (LPR) was lowered by 25 basis points to 3.95 per cent from 4.20 per cent previously, while the one-year LPR was left unchanged at 3.45 per cent

China cuts reference rate more than expected to revive property market
Updated On : 20 Feb 2024 | 9:25 AM IST

Banks must be allowed to fund developers for land purchase: Deepak Parekh

Dinesh Khara and Deepak Parekh spell out measures to boost country's mortgage financing at the Business Standard-IMGC India Mortgage Leadership Conclave

Banks must be allowed to fund developers for land purchase: Deepak Parekh
Updated On : 07 Feb 2024 | 11:54 PM IST

US 10-year yield poised to end 2023 at almost exactly where it started

It's an almost farcical conclusion to 12 months of trading that saw rates on the benchmark - a global anchor for markets and US mortgage rates - tumble to as low as 3.25 per cent

US 10-year yield poised to end 2023 at almost exactly where it started
Updated On : 29 Dec 2023 | 10:46 PM IST

Mortgage firm SRG Housing Finance aims to hit Rs 750 cr AUM next fiscal

Mortgage firm SRG Housing Finance plans to achieve Rs 750 crore asset under management (AUM) during the next financial year, a top company official has said. "We have achieved AUM of Rs 500 crore in the last quarter. We hope to achieve the next milestone of Rs 750 crore in 2024-25," SRG Housing Finance Managing Director Vinod Kumar Jain told PTI. The company got listed on bourses in August this year. Currently, Rajasthan and Gujarat contribute about 60 per cent of its business. The mortgage firm plans to expand its footprint in southern states. The company will also open its branches in Andhra Pradesh, Telangana and Karnataka in the next few months, Jain said. Also, from April next year, the treasury and pan India business team will work from Mumbai, he added. During the second quarter of the current financial year, the mortgage firm recorded 20 per cent growth to Rs 5.26 crore compared to Rs 4.39 crore a year ago. Its total income stood at Rs 31.20 crore, with a growth of 37.9

Mortgage firm SRG Housing Finance aims to hit Rs 750 cr AUM next fiscal
Updated On : 10 Dec 2023 | 8:20 PM IST

US 30-year fixed mortgage rate jumps to near 21-year high, shows data

The average 15-year rate also jumped to 6.46 per cent. It was up from 6.34 per cent the week prior and was also the highest level since April 2002

US 30-year fixed mortgage rate jumps to near 21-year high, shows data
Updated On : 18 Aug 2023 | 11:51 PM IST

ICE buyout target Black Knight sells second unit to ease antitrust path

Constellation had also agreed to buy Black Knight's Empower loan origination system business in March, a deal that analysts said may not be enough to quell concerns over ICE's $11.7 billion proposal

ICE buyout target Black Knight sells second unit to ease antitrust path
Updated On : 17 Jul 2023 | 9:49 PM IST

Mortgage lender Aviom India raises $30 mn for business expansion

Company runs programme that offers loans to women who don't have formal income documentation

Mortgage lender Aviom India raises $30 mn for business expansion
Updated On : 13 Jun 2023 | 2:42 PM IST

Favourable terms

Lower cost of funds will help HDFC Bank after merger

Favourable terms
Updated On : 23 Apr 2023 | 10:09 PM IST

The runway for mortgage finance in the country is immense: Deepak Parekh

"Urbanisation in India is an irreversible trend. Currently 32 per cent of the population reside in cities and this is expected to be 40 per cent by 2030," Parekh said

The runway for mortgage finance in the country is immense: Deepak Parekh
Updated On : 22 Apr 2023 | 2:40 PM IST

Home loan demand declines, special interest rates to continue

CMI findings show a marked increase in demand for credit cards and personal loans, indicating growing adoption of consumption-led credit products that provide convenience and liquidity

Home loan demand declines, special interest rates to continue
Updated On : 19 Apr 2023 | 11:44 PM IST

Conduct separate title searches on plot, apartment to avoid disputes

Not doing so can hurt buyer even years later, when he tries to sell the unit

Conduct separate title searches on plot, apartment to avoid disputes
Updated On : 17 Feb 2023 | 10:16 PM IST

HDFC prices its biggest ever rupee bond issuance; to raise Rs 25,000 crore

HDFC is stepping up borrowing from notes because its merger with HDFC Bank Ltd. will make accessing the bond market more difficult

HDFC prices its biggest ever rupee bond issuance; to raise Rs 25,000 crore
Updated On : 16 Feb 2023 | 12:16 PM IST

LIC Housing Finance raises lending rates by 35 bps, cites market conditions

'Good sustenance in home buying', says mortgage lender in statement

LIC Housing Finance raises lending rates by 35 bps, cites market conditions
Updated On : 26 Dec 2022 | 4:56 PM IST

Why India's growth should stay resilient

Indian property cycle has multi-year pent-up demand and is more dependent onpricing sentiments (now strengthening) instead of mortgage rates.

Why India's growth should stay resilient
Updated On : 08 Dec 2022 | 9:28 AM IST