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NEW FORECLOSURE RULES
How a simple home loan EMI calculation before you apply can reduce your interest burdenA home loan EMI calculator is an invaluable tool for financial planning, allowing users to estimate monthly repayments, total interest, and...- CCI directs probe into poultry group on complaint by Maneka Gandhi's NGOIn an order on Wednesday, the Competition Commission of India (CCI) has ordered its director general (DG) to investigate if the group’s bus...
- CCI says BookMyShow hasn’t abused its market dominance, closes caseThe Competition Commission of India has closed a case against BookMyShow. Allegations of antitrust violations were dismissed. The regulator...
- New foreclosure rules can hit NBFC profitability: ReportThe Reserve Bank of India's draft guidelines for foreclosure on home loans, loans against property, and SMEs could boost competition among ...
- Foreclosures in China soar, threatening to choke off bank profitsChinese banks are grappling with a surge in mortgage defaults and foreclosures as the country's housing market crashes. The increase in sei...
- RBI bans NBFCs from charging loan foreclosure penaltiesForeclosure charges are part of the fee income for any lender and adds to its bottomline.
- NHB asks HFCs to share info on Rs 25 lakh default and aboveNational Housing Bank, has asked mortgage firms to share information on default of Rs 25 lakh and above by wilful defaulters so that furthe...
- CCI dismisses complaint against Bank of BarodaTo foreclose the loan, the lender had sought foreclosure penalty which was alleged to be arbitrary, unreasonable and anti-competitive.
- Banks within rights to levy foreclosure penalty: CCIThe levy of a penalty by banks and housing finance companies for foreclosure of home loans does not amount to abuse of dominant position, t...
- Banks within rights to levy foreclosure penalty: CCICompetition watchdog ruled that banks and housing finance companies were not violating competition laws by charging the penalty.
- Home-loan-swap window to help beat rate hikesThe government may seek changes in the prepayment rules to enable a home loan borrower to shift to cheaper lenders if his bank raises inter...
- Home-loan-swap window to help beat rate hikesThe government may seek changes in the prepayment rules to enable a home loan borrower to shift to cheaper lenders if his bank raises inter...
- US financial rescue plan to impose tougher rules: ReportThe government would convert preferred shares it received from many financial firms into common stock - effectively swapping debt for equit...
- Fed gives home buyers protection against shady lending practicesFor Roxanna Evans, the Federal Reserve's new rules to crack down on abusive lending practices, approved Monday, came too late.
- Fed adopts plan to curb shady mortgage practicesLenders worry the new rules are too tough, could limit mortgage options.
- Federal Reserve to give US home buyers more protectionFed Reserve will give US home buyers protection from shady lending practices, baring them from loans without proof of a borrower's income. ...
- Dollar gains against major currenciesThe dollar rose Tuesday as investors weighed plans by the U.S. Federal Reserve to protect future homebuyers from shoddy mortgages and give ...
- Fed chairman vows to help homeownersFighting to stem a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke pledged Friday to do all that is possible to ...
- Fed steps in to protect home loan borrowersLenders would have to confirm that a borrower can afford a mortgage before making the loan under protections proposed by the Federal Reserv...
- Fed Reserve to enact new loan rules this year: BernankeFederal Reserve Chairman Ben S Bernanke repeated a pledge to lawmakers that the central bank will issue new consumer-protection rules by ye...
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