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"More homeowners falling behind on mortgages - BMA"

More people are falling behind with their mortgage and loan repayments as the effects of the economic downturn bite deeper. The latest analysis of the Island’s banking sector by financial regulator the Bermuda Monetary Authority noted a “sharp increa...
Apr 04, 2011
Economy

"HSBC exec doesn't see a high number of foreclosures in 2011"

HSBC does not believe Bermuda will see a high number of foreclosures this year. The bank's Deputy CEO Richard Mosley said unlike the US, Bermuda was a more conservative market where people work hard to retain a ‘piece of the rock'. Last year less tha...
Jan 21, 2011
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