SODIC, CIB sign cooperation protocol for mortgage financing

Tue, 07 Sep 2021 - 03:17 GMT

The protocol includes providing various payment systems for the units that were delivered in accordance with the provisions and rules of the Egyptian Mortgage Finance Law, allowing the purchase of ready-to-delivery units available for sale in the various SODIC projects over a payment period of up to 20 years.

Egypt denies intention to issue sovereign sukuk to mortgage assets in exchange for borrowing

Tue, 22 Jun 2021 - 12:34 GMT

The ministry said in a statement on Tuesday that the goal of issuing sovereign sukuk is to create a new financing tool to diversify the investor base.

CBE launches new mortgage finance initiative for low, middle-income home buyers

Mon, 15 Mar 2021 - 12:56 GMT

Negm said that the amount of LE 100 billion could be increased in case of high turnout among citizens, who will apply for the program.

CBE doubles capped loans limit for mortgage finance

Tue, 18 Feb 2020 - 10:54 GMT

The move falls within the framework of a new initiative adopted by the CBE to promote the real estate market via providing funds worth up to LE 50 billion to help middle-income homebuyers obtain mortgage loans.

Egypt's EFG Hermes considers move into insurance, mortgage sectors: CEO

Mon, 26 Nov 2018 - 10:25 GMT

Hermes is also looking to enter a new market in Asia or Africa within a year, Karim Awad told Reuters in an interview.

GE says it may face U.S. action over subprime mortgage operations

Sat, 24 Feb 2018 - 09:39 GMT

GE faces potential legal action by the U.S. Department of Justice over allegations that its GE Capital unit and WMC Mortgage Corp unit violated U.S. law.