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  1. Alleged conspirators in $12m mortgage fraud case granted bail

    Posted Aug 06th 2004, 12:00am by Staff Reporter

    ... Louisa Yan Five men alleged to have conspired to defraud four banks of $12.5 million in mortgages appeared in Eastern Court yesterday. Among the five suspects were Gold-Face Holdings managing director Tai Chi-wah, 48, and the director of Gold-Face, Lim Hau-chun, 50. The court heard the pair were also involved in another alleged fraud involving the same housing project, which ...

  2. News - Hong Kong - COURTS

    Japanese investor's writ claims HK$111m swindle

    Posted May 12th 2013, 12:00am by Ada Lee

    ... Ada Lee ada.lee@scmp.com Businessman's writ says brothers misled him over sports gambling venture Japanese investor claims HK$111m A businessman is claiming damages of more than HK$100 million in a Hong Kong court from two companies and two Japanese ...

  3. The Goldman Sachs investigation

    Posted Apr 29th 2010, 12:00am by Staff Reporter

    ... the company's actions in the lead-up to the financial crisis. What? Goldman Sachs has been charged with fraud by the United States Securities and Exchange Commission (SEC). It says the investment bank sold a mortgage investment that it knew was designed by someone who wanted it to fail. When? In 2005-2006, a housing bubble peaked in the US. Many banks and financial institutions had ...

  4. Comment - Insight & Opinion - LEADER

    Oi Wah Pawnshop could be a sign of the times

    Posted Mar 14th 2013, 12:00am by SCMP Editorial

    ... But the share price plunged almost 7 per cent yesterday as the broader markets fell. Oi Wah, in business for 37 years, recently transformed when it started mortgage lending in 2009, just when the property bubble was heating up. It has 12 pawnshops in the city. It takes gumption for a pawnshop to go from accepting gold, jewellery and watches to mortgage lending using flats as collateral. ...

  5. Business - Money

    Is money in the bank a good thing in Hong Kong right now?

    Posted Aug 27th 2012, 03:26pm by Melanie Nutbeam

    ... Melanie Nutbeam I’M NOT EARNING ANYTHING ON MY MONEY IN THE BANK.  SHOULD I PAY DOWN PART OF MY HONG KONG HOME MORTGAGE? Paying down your mortgage is essentially a no-risk investment.  You will achieve a guaranteed return equal to your mortgage interest rate – currently around 2-3%, depending on your loan arrangement.  That’s certainly better than nothing.  Note too that Hong Kong ...

  6. HSBC accused of undervaluing subprime mortgage bonds

    Posted Oct 20th 2007, 12:00am by Staff Reporter

    ... HSBC Holdings is being sued by a US real estate fund for allegedly deliberately undervaluing the market price of several subprime mortgage bonds, the Wall Street Journal reported yesterday. The lawsuit was filed on Thursday by Luminent Mortgage Capital, a San Francisco firm that invests in residential mortgage securities. It claims that London-based HSBC's New York ...

  7. Property - International - INVESTMENT

    Investors plan to step up purchases of homes in United States, survey shows

    Posted Sep 26th 2012, 12:00am by Bloomberg

    ... as landlords rather than as occupants. Demand for rentals has risen as people with damaged credit or who lack money for down payments stay out of the homebuying market. Low mortgage rates and prices ...

  8. BEA to increase mortgage rate

    Posted Sep 28th 2007, 12:00am by Staff Reporter

    ... The move comes after ICBC (Asia) raised its mortgage rate and DBS Bank (Hong Kong) cut its cash rebate for home loans. More banks are expected to follow suit. BEA will raise its home loan rate ... to 0.8 per cent. Kenneth Tsin Wai-lun, the bank's senior mortgage distribution manager, attributed the move to higher funding costs. 'We have monitored the market for a while ...

  9. Banks follow HSBC mortgage rate cut

    Posted Feb 24th 2007, 12:00am by Staff Reporter

    ... Maria Chan Bank of China (HK), Bank of East Asia and Citibank launch new loan offers At least three banks matched HSBC by launching new mortgage offers yesterday, one day after the city's largest lender cut its mortgage rate, a sign of intensified competition in the home loan market. Bank of China (Hong Kong) cut its mortgage rate by between 0.1 and 0.15 percentage point ...

  10. HSBC offer increases mortgage war stakes

    Posted Apr 01st 2006, 12:00am by Enoch Yiu

    ... Foster Wong and Enoch Yiu The mortgage war between banks looks set to intensify after HSBC extended its aggressive home loan plan to capture lost market share. The banking giant, which fired the first salvo in February by offering mortgages at 2.75 percentage points below the prime rate until yesterday, has extended the special deal until further notice. HSBC reiterated ...




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