Nation News - 6/17/2009

A LOCAL MORTGAGE COMPANY seems set to take over the operations of CLICO Mortgage Finance Company.

And four more bids have been made to the Oversight Committee in relation to the other operations of CLICO Barbados Ltd.

Prime Minister David Thompson disclosed yesterday that a “serious offer was on the table” which would see the absorption of CLICO’s mortgage’s portfolio into another mortgage company here.

I wonder if the local Mortgage Co. will be taking on the liabilities of CMFC. Will this new administration bring the Corporate Registry files up to date?