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18 Jan 2012, 6:47 am
"We believe that indications emanating from the latest results of the FNB Estate Agent Survey suggest that the residential market still has some way to go before it reaches that 'holy grail' where oversupplies disappear and the market can finally be said to be realistically priced and, yes, in equilibrium. [read post]
17 Jan 2012, 5:45 am
It will be the provincial headquarters for the three divisions of the First Rand Group - First National Bank ( FNB), Rand Merchant Bank and Wesbank. [read post]
11 Jan 2012, 10:40 pm
Higher savings rates were a far more desirable solution to the home loan deposit constraint than merely relying on banks to relax credit criteria.... [read post]
30 Nov 2011, 7:46 am
The National Housing Finance Corporation (NHFC) chief executive, Samson Moraba, confirmed last week that the fund will be operational by October 2012 and will aim to galvanize banks into approving more home loans.While it is true that our banks were largely exempt from the international banking woes the current global situation has made them more skittish than usual. [read post]
15 Nov 2011, 11:33 pm
18-month hiatus expected before property gainsLast week's decision by the Reserve Bank to leave the interest rate unchanged at 9 percent should not give consumers an excuse to go on a spending spree, warn the experts.John Loos, property strategist at FNB Home Loans, cautioned consumers and said although the interest rate remained unchanged, it would be wise for households to make provision in their financial planning for future hikes.He said although there was no certainty… [read post]
15 Nov 2011, 11:29 pm
"Looking at the bigger picture, Brock says that after attending several sessions on the state of the market, she agrees with economists like John Loos of FNB, who say there will be no significant upturn in house prices for three years. [read post]
10 Nov 2011, 2:21 am
But after the report the bank backtracked on its decision and started awarding its customers the opportunity to fix.Absa, FNB and Nedbank said the demand to fix was currently subdued. managing executive for Absa home loans, Sifiso Shongwe said the total value of loans fixed since April was about R60m. [read post]
1 Nov 2011, 3:11 am
The variety of houses on sheriff auction at First National Bank (FNB) were declining compared to the past year or two because of products that avoid the costly auction process, but FNB’s head of home loans believes customers should look at these properties to find good deals.A sheriff auction is a public auction held by the sheriff of the court, after a bank gets a court order to attach and sell a house to recover money not repaid on a home loan.Jan… [read post]
24 Oct 2011, 8:40 am
"John Loos, FNB property sector strategist says: "For a while we have seen the signs of global and domestic economic slowdown. [read post]
20 Oct 2011, 12:12 am
FNB and Sasol plot housing iPadFormerly-listed Enviroserv’s subsidiary to build houses but not from bricks and mortar.First National Bank (FNB) believes it has identified an opportunity to lend hundreds of millions of rand via green housing loans in a bid to deal with the shortage of houses in the affordable space, while on the other side giving entrepreneurs an opportunity to benefit from this initiative.According to Marius Marais, FNBs CEO of Housing… [read post]
20 Oct 2011, 12:05 am
*Sibusiso Gumbi is from Standard Bank. [read post]
3 Oct 2011, 7:11 am
FNB Sep house price index unchangedFirst National Bank's house price index has recorded 5.6% year-on-year growth (y/y) in September, unchanged from the revised 5.6% in August.This "stalling", said FNB property strategist John Loos, can partly be ascribed to rising base effects, with the bout of month-on-month house price decline around mid-2010 being at its worst around August last year, and thereafter starting to dissipate.However, it is believed that… [read post]
28 Sep 2011, 5:57 am
FNB/BER building index steadyFNB/BER building index steadyBuilding confidence has remained almost unchanged in the third quarter of 2011, from the preceding quarter, according to First National Bank and the Bureau for Economic Research.The latest FNB/BER building confidence index edged down to 23 points from 24 points in the preceding quarter, it was revealed on Wednesday.The index can vary between zero - indicating an extreme lack of confidence - and 100, indicating… [read post]
13 Sep 2011, 7:42 pm
FNB had received the highest asset quality ratio possible from its regulators as late as 2006. [read post]
12 Sep 2011, 2:12 am
The result is that the number of new home loans approved is on an upward trend again, having increased by 10 percent since 2009.Lightstone recently completed a study of the number of home loans approved per quarter and loan-tovalue ratios of the four major banks - Absa, Standard Bank, FNB and Nedbank - from 2006 to the first quarter of 2011, to assess whether the strict lending criteria applied over the past few years since the economic crisis have eased. [read post]
12 Sep 2011, 1:06 am
First National Bank of Arizona was one of FNB Nevada’s sister banks until the two banks merged less than 30 days prior to FNB Nevada’s failure. [read post]
5 Sep 2011, 12:11 am
“Young aspirant buyers have accumulated fewer saving and are more sensitive to deposit requirements by banks and house price fluctuations,” says Loos. [read post]
24 Aug 2011, 1:48 am
FNB Nevada was among the first banks to fail as part of the current round of bank fa [read post]
22 Aug 2011, 4:30 am
The FNB Estate Agent Survey provides evidence to this effect. [read post]
23 Jun 2011, 6:33 am
Standard Bank's median house price has recorded a growth rate of 3.3% year on year in May and the FNB House Price Index 2.1% in May. [read post]
