Unlike its rival, which covers 12 cities and offers consultancy and loan services in addition to search, Housing.com covers more of India and is entirely focused on connecting viewers with potential leasings and sales.
Noncore loans held by European banks currently stand at 2.5 trillion euros ($3.4 trillion), according to the consultancy PricewaterhouseCoopers. Loans with a face value of 50 billion euros are expected to be sold in 2012, and analysts say many of these assets are likely to be sold at a discount.
It offers services such as accepting deposits, commercial and institutional credit, treasury, forex, ancillary, agricultural marketing and consultancy, merchant banking, loans and advances, remittance facilities, investment and risk management services.
Schufa, a German credit bureau, abandoned plans to mine Facebook, Twitter and LinkedIn after a public backlash last year.Employees at small banks often search social media or the web for the names of loan applicants, says Jack Vonder Heide of Technology Briefing Centers, a consultancy.
Bank officials, even those who work for foreign banks, often demand kickbacks for already-costly loans.Dario Vins of 49-FortyNine, a consultancy, says that some local businessfolk do not object to Bosnia's poor governance.
Enriched by the lofty public offering in early 2000 of Inforte, his Chicago-based Web consultancy, Bligh relied on margin loans and mortgage debt to finance the $4 million purchase of a town house in Chicago's Gold Coast neighborhood.
Chesterton Humberts, a leading property consultancy, said: "Looking at the equity loan scheme, this expects to support up to 74,000 purchases, but this equates to just 7.9% of 2012 transactions and a meagre 4.6% of 2007 transactions".
Sherief Meleis of Novantas, a consultancy, thinks a sharp decline in loans as a percentage of deposits has more to do with the shrinkage of loans than the growth of deposits.
According to Hans-Joachim Dübel of Finpolconsult, a consultancy, Hungarian consumers who took out loans in January 2007 may now be paying as much as 70% more than they did then because of the forint's depreciation and higher risk premiums.
"The notion that the cost of these products would be extraordinarily high is predicated on the notion that we continue to accept no down payments on loans," said Joshua Rosner, managing director at independent research consultancy Graham Fisher & Co. and one of the first analysts to identify problems at Fannie Mae and Freddie Mac.
