By InvestAdvocate Lagos (INVESTADVOCATE)-Keystone Bank Limited is offering a 15 to 18 percent (15%-18%) interest rate on mortgage. Philip Ikeazor, Managing Director/Chief Executive Officer (MD/CEO) made this disclosure at a recent media parley with business editors in LagosNigeria. According to him, the Central Bank of Nigeria (CBN) does risk based […]
Tag: Mortgage
Insight: Losses loom for investors enmeshed in mortgage chaos
Since the financial crash, banks have been accused of wrongfully foreclosing on homeowners because they failed to create and maintain proper mortgage paperwork. Now, there are signs that chaotic document management is harming investors in mortgage bonds, too. A review of loan documents, property records and the monthly reports made […]
Bank of America $8.5 billion settlement heads for court showdown
A long-running fight comes to a head on Monday when court proceedings begin over an $8.5 billion settlement between Bank of America Corp and investors in mortgage securities that turned sour in the financial crisis. Bank of America agreed to the proposed settlement in June 2011 to resolve claims by […]
