But as the property market plummeted, prices went down by 20 per cent resulting in bank mortgages for Jubilant Place units falling far short of original estimates.
22.
However, most investment banks believed the measure would do little to stimulate end-user property demand amid the tight supply of commercial bank mortgage lending and the high interest-rate environment.
23.
In 1995 Wilmarth noted that commercial bank mortgage lenders differed from nonbank lenders in retaining a significant portion of their mortgage loans rather than securitizing the entire exposure.
24.
There was concern in the past whether some buyers might cancel their sales contracts because they could not obtain adequate bank mortgages after sharp falls in property prices, he said.
25.
The cut in mortgage rates by major banks announced in March, in response to pressure from non-bank mortgage companies, is freeing up disposable income, and employment growth is looking better.
26.
Hilmar Kopper, who resigned in May over the scandal, said that a Deutsche Bank mortgage subsidiary handled Schneider's accounts, and that the bank's board of directors were not directly involved.
27.
Rather than build large scale housing projects, it wanted to give families up to $ 4, 000 each, then help them get bank mortgages so they could own their own homes.
28.
However, in 1995 the Bank mortgages have significantly ameliorated the affordability issues as can be seen by the mortgage payment as a percentage of take home pay chart in the right pane.
29.
The Wootens were accused of falsely obtaining a bank mortgage for Mrs . Wooten's sister, Linda Jones, Cisneros'former mistress who was at the center of the charges against the former Clinton Cabinet member.
30.
Two other notable developments in Canadian banking were the launch of ING Bank of Canada ( which relies mostly on a branchless banking model ), and the slow emergence of non-bank mortgage origination companies.
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