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Results 1 - 10 of 268 for mortgage fraud

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  1. Questions begin to arise on mortgage loans quality

    Posted May 01st 2006, 12:00am by Staff Reporter

    ... loans through property developers which received financing from the same banks. The practice exposed banks to widespread fraud in which developers used fake mortgages to illegally obtain funds. Last spring, a 644 million yuan mortgage fraud of this nature was uncovered at the Beijing branch of Bank of China, the nation's second-largest commercial bank. The new system is not fool ...

  2. Smart Money

    Posted Nov 28th 2011, 12:00am

    ... fraud, this site provides resources for your strategy. It not only aggregates announcements and releases breaking news about regulatory enforcement against Chinese firms, but also provides ... a succinct, quick and accurate resource for keeping up with these frauds, this site is direct and fearless. www.creditwritedowns.com The debt crisis deserves its own specialised coverage. This news ...

  3. Scam exposed as lending is tightened

    Posted Apr 03rd 2005, 12:00am by Staff Reporter

    ... by two lawyers- real-estate company Beijing Huayunda pulled off one of the biggest mortgage-loan frauds on the mainland. Mainland bank officials and regulators have repeatedly vowed to tighten ... Shi Ting Fearing a property bubble, mainland regulators have curbed banks' mortgage business The latest Bank of China loan scandal has come to light at a time when the central ...

  4. Rogue trader shows lessons not learned

    Posted Jan 26th 2008, 12:00am by Staff Reporter

    ... these institutions used faulty models that underestimated the risks of complex financial instruments based on those housing mortgages and assets. Frauds are often uncovered during times of financial distress ... deception. The fraud he allegedly perpetrated through unauthorised trades in European futures markets has cost his employer Euro4.9 billion (HK$56 billion), the largest in banking history. The case ...

  5. Banks turn screws on loans and mortgages

    Posted Nov 24th 2011, 12:00am

    ... Authority, said in Beijing yesterday. 'Mortgage lending declined because property transactions fell while trade financing dropped on slowing trade flow.' Total loans grew by 29 per cent ... sales fell to a six-year low last week after multiple rounds of mortgage rate rises this year as tightened loan supply due to high loan growth and lower Hong Kong dollar deposits sent lending ...

  6. Some HSBC Hibor-based mortgages dearer than loans based on prime rate

    Posted Jul 07th 2011, 12:00am

    ... Lulu Chen and Paggie Leung HSBC will raise its mortgage interest rate based on the Hibor, or Hong Kong interbank offered rate, today- meaning that, for the first time, Hibor-based mortgages may cost more than mortgages based on the prime lending rate. HSBC will raise its Hibor-based mortgage to Hibor plus 1.8 to 2.3 per cent, from Hibor plus 1.5 to 2 per cent, while lowering ...

  7. Mortgages may hit sales

    Posted Jun 10th 2011, 12:00am

    ... Colliers International has warned that tighter mortgage policies by banks may affect the growth of residential sales. It says mainland buyers now represent about 40 per cent of total buyers in the super-luxury sector, while average luxury residential prices have exceeded their peak in 1997 by 41 per cent. Colliers points out that between November last year and April, overall ...

  8. Bank losses show need for reform

    Posted Sep 19th 2011, 12:00am

    ... The irony was probably lost on chiefs of the Swiss banking group UBS when they reported a rogue trader to London police on Thursday over Britain's biggest banking fraud, involving ... dented by its losses on sub-prime mortgages, which resulted in a US$60 billion bailout by the Swiss government, and an embarrassing US tax evasion case that upset the Swiss tradition of banking ...

  9. Brokering a silver lining in a dark cloud

    Posted Aug 03rd 2011, 12:00am

    ... Sandy Li in Pittsburgh, Pennsylvania sandy.li@scmp.com 'Every crisis brings an opportunity'. That is the motto of Paul Liang, a Taiwanese immigrant who arrived in the United States at the age of 12. When the US economy was gripped by the global ...

  10. Property - International - AUSTRALIA

    Little sign of housing market bubble in Australia, says Reserve Bank chief

    Posted Aug 22nd 2012, 12:00am

    ... Reuters in Sydney Predictions of an imminent collapse in house prices in Australia drag on, despite negligible mortgage arrears and low unemployment What's all the fuss about ... begun to tick up again thanks to lower interest rates and a sound banking system still able and willing to lend. Yet mortgage arrears are negligible, household debt has stabilised, savings ...




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