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Metrocities Mortgage

2007-2008 Home Buying Loans

Jamar Jackson interview loan broker Jo Ann Brady of Metro Cities Mortgage about what current home buyers need in 2007 2008 ... jamar home s ...

Pay £88,000 to Swiss bank, court tells Vijay Mallya; tycoon may lose plush London home

In a major setback to Vijay Mallya, the UK high court in London Thursday rejected many of his legal team’s arguments in a case filed by Swiss banking giant UBS to take possession of the liquor baron’s London mansion over non-repayment of a mortgage loan, news agency ANI reported.

The court has also asked Mallya to pay 88,000 pounds to the bank in a preliminary hearing yesterday. The trial will be held in May 2019.

The bank had sought repossession of the property at Cornwall Terrace, overlooking Regent’s Park in central London, for the unpaid 20.4 million pounds mortgage loan. The property was referred to in the court as a “high-class home for Dr Vijay Mallya and his family members and United Breweries Group corporate guests”.

Mallya, who also founded the now-defunct Kingfisher Airlines, fled India in March 2016 even as a debt court in Bengaluru was set to act against him for defaulting on loans issued by several banks led by the state-owned State Bank of India. The 62-year-old is fighting an effort to get him extradited to India on charges of fraud and money laundering.

We buy more shoes during online sales

Between January and August this year, e-commerce fashion companies recorded a spike of 417% in orders during special sale events. However, the average selling price (ASP)—the price at which a product is sold across platforms—dropped by 17% due to rapid price fluctuations over the period, according to a 2018 report, titled How India Buys Fashion Online, by e-commerce solutions provider Ace Turtle. 

“Most online companies  prepare well in advance for this sale period and clear stocks by giving discounts. This increase in online sales heralds a new and exciting phase for new brands. And for those who are small, online marketplaces have given them a new channel to reach more customers," said Baqar Naqvi, director, consumer products and retail, Wazir Advisors, a business consultancy firm. “Thus, while sale volumes have grown, ASPs have come down because of huge discounts, proliferation of private labels as well as smaller brands." 

GMAC Mortgage trying to nickel and dime me - help!?

I'm a first time homeowner, we just purchased a house in California on a 30 yr fixed loan. Prior to our first mortgage payment to Metrocities, our mortgage was sold to GMAC.

If your payment is supposed to include taxes and insurance, there is likely a change there and expect that to happen every year. Living in CA, assume that will happen every year.
They can review insurance requirements.