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  • November 24, 2014
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  1. News - Property - PROPERTY

    Hong Kong Mortgage Corporation chief hints at price rises in risky property market

    Posted Apr 16th 2013, 12:00am by KANIS LI

    ... may have to pay more for mortgage insurance because the leading provider, the Hong Kong Mortgage Corporation, is looking to offset its risk in guaranteeing their loans in a risky property ... in recent years, making homes less affordable to most. Now that Bank of China (Hong Kong) and Hang Seng Bank have launched fixed-rate mortgage plans, Li said the corporation would promote its ...

  2. Business - Banking & Finance - FINANCING

    Banks concerned by HKMC's new name and role

    Posted Oct 07th 2013, 12:00am by KANIS LI

    ... a wary eye over the Hong Kong Mortgage Corporation's (HKMC) plans to develop products that go beyond its mortgage-insurance-focused business. Come January, the government-backed institution will have a new name- Hong Kong Mortgage Credit & Guarantee Corporation- that is also helping to feed concerns within the financial services industry that a well-connected new competitor ...

  3. Business - Comment - JAKE'S VIEW

    HKMC not playing on a level field

    Posted Oct 08th 2013, 12:00am by Jake Van Der Kamp

    ... on the government's credit rating. Give me a banking licence and the same privilege and I shall create one of Hong Kong's bigger banks for you in record time. There is nothing to the corporation ... in the United States came about largely because the US government did something very similar by lending to unsuitable risks through two elephant mortgage agencies. It never went very far in Hong Kong ...

  4. News - Hong Kong - PROPERTY

    Homebuyers face squeeze on mortgage payment protection insurance

    Posted Mar 17th 2013, 12:00am by Joyce Ng

    ... squeezed The Hong Kong Mortgage Corporation may further tighten eligibility for its payment protection insurance on home loans, in light of rising interest rates. When homebuyers take out loans ... market risks, Li said: "We are watching and it is possible that we will adjust the cap at any time." The corporation is the biggest provider of mortgage protection insurance in Hong ...

  5. Backwards mortgage offers pension from home equity

    Posted Jul 12th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com The Hong Kong Mortgage Corporation launched its reverse-mortgage scheme with seven banks yesterday, targeting people aged 60 and above. Reverse mortgages can ... an insurance premium and compound interest,' said Billy Ma, chairman of the reverse mortgage committee of the Law Society of Hong Kong. The real question is, 'are the borrowers really willing ...

  6. Bigger loans for village homes

    Posted Mar 01st 2006, 12:00am by Peggy Sito

    ... control of building quality continued to cloud the sector's outlook. The Hong Kong Mortgage Corporation (HKMC) last week included village houses in its mortgage insurance programme, which ... vice-president Kenny Fok Tsz-chun said several banks had approached the corporation over the past few months to ask that the mortgage insurance programme be expanded to cover village houses. 'After ...

  7. Pilot loan project boost for small enterprises

    Posted May 01st 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com The Hong Kong Mortgage Corporation (HKMC) said yesterday it would launch a three-year microfinance project with banks to provide loans to business start-ups ... of HK$350 million to the government's Exchange Fund. $100m The total amount, in HK dollars, that the Hong Kong Mortgage Corporation expects to lend under its microfinance scheme ...

  8. Mortgage Corporation lets civil servants pretend to be bankers

    Posted Apr 17th 2011, 12:00am

    ... development strategy and strong commitment to risk management. Hong Kong Mortgage Corporation 2010 results press release, April 12 Our senior civil servants in finance and monetary affairs ... time. What you want is a bank of your own, something you can run just like real bankers do. Presto, the Hong Kong Mortgage Corporation, a subsidiary of the Hong Kong Monetary Authority, a real ...

  9. HKMC profit rises 22.7pc

    Posted Apr 13th 2011, 12:00am

    ... Enoch Yiu Government-owned Hong Kong Mortgage Corporation's post-tax profits increased by 22.7 per cent last year to HK$1.23 billion. The profit growth was driven by low interest rates and good loans performance. HKMC issues bonds to buy mortgage portfolios from banks and repackage them as mortgage-backed securities. Last year it issued HK$8.3 billion of corporate bonds, ...

  10. Cash for start-ups in loans scheme

    Posted Jun 30th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com The Hong Kong Mortgage Corporation launched a microfinance programme yesterday, aimed at helping the cash-strapped- from start-ups to self-employed. ... of corporate debt in the Hong Kong dollar market since 2001. The agency issued its first yuan bond in Hong Kong last year, raising 600 million yuan (HK$736.61 million). HKMC officials said the agency ...




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