The US housing market, a key economic driver, is exceedingly tight, with supply struggling to meet demand as the sector recovers a decade after the housing crisis, analysts say. But persistent and pent-up demand among would-be homeowners could spur builders to boost construction, helping to ease pressure on the market for new homes. Inventory of … Read more
The US Department of Justice is suing Barclays for alleged mortgage securities fraud. It claims that Barclays misled investors about the quality of loans backing securities in the run-up to the financial crisis. Barclays rejected the claims, saying they were “disconnected from the facts”. The banking giant is among a number of European banks that … Read more
New figures released by the Bank of Ghana (BoG) reveal demand for loans for house purchase by customers of banks have reduced despite an ease in credit access by commercial banks. Banks in July 2016 eased their credit stance to households for house purchase and consumer credit. Despite the move demand for mortgages saw a … Read more