Mortage Bond News

Bond News:
Bond Originators : Standard Bank’s property book for the first eight months showed an average monthly decline of 3.9% in the median house price. More disconcerting is the fact that monthly declines have been reported in 15 consecutive months and that there is no sign yet that the bottom has been reached. Read more on Standard Bank Home Loans

Mortgage Bond News:
While declining growth in residential mortgage bonds growth remains the prime driver of the decline in growth total mortgage bond value, merely due to the size of the residential market, commercial property mortgage bond market weakness has increasingly contributed to the overall trend. mortgage bonds

Mortgage Bond News:
It is important to remember that bank managers are not investors. They seldom understand the principles of property investment- that is let the tenant pay the bond repayments while the investor enjoys the compounded income and capital growth. Bond Originators

Mortgage Bond News:
In spite of the economy emerging from recession in Q3 2009, important drivers of homehold spending in the economy, such as the level of homehold income, debt and unemployment, do not point to a quick turnaround in the housing market. Four consecutive months of lower declines in the median home price suggest that home price growth could turn positive by the second quarter of 2010. standard bank home loans

Mortgage Bond News:
FNB Home Loans: House Price Index The FNB House Price Index average for 2009 showed a decline of -3.9% compared with the average value for the previous year. This was significantly worse than the +6.9% inflation of 2008, and a far cry from the +29.5% average price inflation registered in 2004, which proved to be the best year of last decade. Read more on fnb homeloans

Mortgage Bond News:
ABSA Home Loans: House Inflation
House price inflation resumes. After almost a year of nominal year-on-year house price deflation in the South African housing market, some price inflation was recorded in the past two months, according to Absa's calculations. Based on re c ent price trends, it was expected that annual nominal price growth would resume shortly. Read more on ABSA Home Loans

Mortgage Bond News:
Standard Bank Home Loans
Until now, Standard Bank required a deposit of 5% to 10% on property purchases valued up to R1.5m. Standard Bank is the first of the big four banks to officially announce the long-awaited move back to the traditional 100% home loan offering. Read more on Standard Bank Home Loans

Mortgage Bond News:
ABSA Home Loans: Mortgage Advances
Mortgage advances growth slows down further in July
Data released by the South African Reserve Bank indicates that the year-on-year (y/y) growth in the v alue of mortgage advances by monetary institutions. Read more on ABSA Home Loans

Mortgage Bond News:
Standard Bank: Home Loan News
Standard Bank's property book for the first seven months of 2009 showed an average monthly decline of 3.8% in the median house price. The trend cycle of the July data confirmed that median house prices are still declining and that the weakness in the property market is set to continue. Read more on Standard Bank Home Loans

Mortgage Bond News:
ABSA: Lowest mortgage advances growth since mid-2000
The year-on-year (y/y) growth in the value of total mortgage advances by monetary institutions (the net outstanding balance on mortgage loans at these institutions) tapered off further to 8,2% in June 2009, from 9,4% in May, according to data released by the South African Reserve Bank. R ead more on Absa Mortgages

Mortgage Bond News:
Home loans: FNB breaks ranks. Johannesburg - In a market environment where banks' strict lending criteria are strangling the housing market, First National Bank (FNB) has taken the first step to make buying a house easier, Read more on FNB Breaks ranks

Mortgage Bond News:
Mortgage Recession.
Annabel Bishop (Investec economist) says figures show a turning point in November. SA's leading business cycle indicator, which predicts trends in six to 12 months, rose for the second month in a row in May, backing hopes the recession's end is in sight. Mortgage Recession

Mortgage Bond News:
Standard Bank Home Loans
Standard Bank's property book for the first eight months of 2009 showed an average monthly decline of 3.9% in the median house price. More disconcerting is the fact that monthly declines have been reported in 15 consecutive months and that there is no sign yet that the bottom has been reached. Read more on Standard Bank Home Loans

Mortgage Bond News:
Standard Bank Home Loans
Standard Bank's property book for the first ten months of 2009 revealed an average monthly decline of 4.3% in the median house price. This brings the number of monthly declines to 17 consecutive months. The October smoothed data yielded a rate of contraction of 4.6% y/y, improving slightly from the declines recorded in August and September There are signs that the residential property market is stabilising and that interest in residential property is returning. Read more on Standard Bank Home Loans