ooba: Home loan applications increase

ooba, SA on Monday the major bond originator and during November 2011, it submitted a significant increase in the number of mortgage applications, as well as a large rise in the value of approved bonds rose.

The company's debt-to-date statistics for November 2011 November 2010 the number of applications has shown that 36% increase.

Statistics also have November November 2010 approved a 33 percent increase over the value of mortgages showed a record month.

According to Saul Geffen, ooba's CEO, 11 월 the value of approved loans in 2008 were the highest recorded since May.

Since the beginning of the ooba 2011 Geffen mortgage applications increased consistently month to month growth record and was expected to continue into 2012.

Approved application and the rise of mortgage lending standards of banks in 2011, the global economy improved and more consistent performance and significantly reduce the cost of debt service, 650 basis points since 2008 has been attributed to the reduction in interest rates.

"Soft asset price inflation, combined with record low interest rates, the increase in approval rates and low deposit requirements for banks and increasing the active receivables will affect the real estate market," Geffen has commented.

He increased the company's market share increased as well as organic growth of the real estate market and lending conditions, the application said, adding that the growth of benefits.

November 2011 the number of applications written in January 2009 to a low number of applications was 55 percent, but the number of applications in May 2007 was 51% of the market is still normal.

The value of loans approved per month with the lowest value recorded in January 2009 was up 216 percent, but the value of loans approved in November only 29% of the highest wolseupnida May 2007.

Such as the growth of this application ooba providing consumers outgoing company was attributable to the value proposition.

"Using founder larger home loans approvals and home sales strengthened the chances of a successful conclusion, Geffen said. - I - Internet School

article source :- http://www.iol.co.za/business/business-news/ooba-home-loan-applications-increase-1.1200795

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