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  Obama pitches mortgage overhaul as housing rallies

  World | August 07, 2013 9:16 IST

  Phoenix, Aug 7: President Barack Obama on Tuesday proposed a broad overhaul of the U.S. mortgage finance system, including winding down government-backed mortgage giants Fannie Mae and Freddie Mac. He declared that taxpayers should never

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  Federal Bank offers home loans at base rate this month

  October 03, 2012 16:58 IST

  Mumbai, Oct 3:  Private sector lender Federal Bank today said home loans will be offered at its base rate, which is pegged at 10.45 percent, from October 3 to October 18 as part of the

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  Government extends interest subsidy scheme on home loans up to Rs 15 lakhs for one year

  July 04, 2012 15:41 IST

  New Delhi, Jul 4: The government on wednesday extended by one year the one per cent interest subsidy scheme on housing loans of up to Rs 15 lakh, where the cost of the house does

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  Banks told to stop pre-payment penalty on home loans

  June 05, 2012 21:50 IST

  Mumbai, Jun 5: In a relief to borrowers, the Reserve Bank of India on Tuesday asked banks to immediately stop charging penalty on pre-payment of home loans taken on floating interest rates.“It has...been decided that

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  Prepayment Penalty On Home Loans On Way Out, Indictes RBI

  October 27, 2011 19:18 IST

  Mumbai, Oct 25: Borrowers wanting to prepay home loans can look forward to some relief as RBI today indicated that it would scrap prepayment penalties charged by banks.“It is proposed to implement the recommendations of

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  RBI Raises Key Rates By 25 Bps; Auto, Home Loans To Cost More

  September 16, 2011 23:02 IST

  Mumbai, Sep 16 : Concerned over high inflation, the Reserve Bank today raised key interest rates by 25 basis points, its 12th such hike since March, 2010, making auto, home and other loans more expensive.