Archive for the ‘Loans’ Category
Davao Housing Loan Ruckus
Further developments in the problem of home loan foreclosure being faced by the Davao real estate sector right now.
The City Mayor thinks that the President of the Philippines is the only one who can solve this problem now.
What’s clear to me is the problem in Davao City. I wonder if there are other cities in the Philippines facing the same problem of a possible meltdown in the home loan mortgage industry?
Davao Subprime Crisis
After reading this article it hit me like this is Davao City’s own version of a subprime loan bailout.
A few weeks back the government already approved a bailout package for defaulting home loans so that homeowners wouldn’t be left out on the street.
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