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  • September 23, 2014
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  1. Homebuyers mixed over offer of fixed-rate loans

    Posted May 14th 2008, 12:00am by Staff Reporter

    ... Construction Bank and Shenzhen Development Bank have begun marketing fixed-rate home loans pitched at a small discount to their current floating-rate mortgages, and more smaller banks are expected ... manager Hendrick Leung Lee-chung. 'That suggests locking in a fixed-rate mortgage product may be a good choice for homebuyers.' Leland Sun, chairman of Pan Asian Mortgage, also said ...

  2. Pan Asian launches mortgage broking unit

    Posted Jul 31st 2008, 12:00am by Sandy Li

    ... Sandy Li Pan Asian Mortgage Group says it has lined up more than 1,000 property agents and is in partnership with more than 10 banks for its new mortgage broking service. Its managing director Leland Sun said he saw tremendous potential in the sector in which brokers shopped for the best deal for clients. He said mortgage broking accounted for about 22 per cent of the HK$170 ...

  3. Banks have US$30b at risk in mortgage giants

    Posted Jul 17th 2008, 12:00am by Staff Reporter

    ... mortgage giants Fannie Mae and Freddie Mac, a sign the global credit crunch is set to unleash more pain on banks this year. Bank of China's investment in debt issued by the two ... to be affected include China Construction Bank Corp and China Merchants Bank. The exposure, if proved correct, is higher than the about US$12 billion worth of subprime mortgage securities that mainland ...

  4. HKMC holding talks on buying more overseas mortgage assets

    Posted May 15th 2008, 12:00am by Staff Reporter

    ... Maria Chan The government-run Hong Kong Mortgage Corp is in talks to buy a second batch of mortgage assets from overseas, according to sources. A source identified Shinhan Bank of South Korea as a potential seller of assets valued at about US$500 million, adding that the deal should be completed soon. Another source said the mortgage agency had been in talks with Korean lenders ...

  5. HKMC eyes $4b issue of mortgage securities

    Posted Apr 02nd 2004, 12:00am by Enoch Yiu

    ... Enoch Yiu The offer may for the first time include assets from the government portfolio A portion of the government's $20 billion mortgage loan portfolio will be offered for sale later this year through a tranche of mortgage-backed securities issued by the Hong Kong Mortgage Corp (HKMC). HKMC chief executive Peter Pang Sing-tong said at a results briefing yesterday ...

  6. Lender expands mortgage portfolio

    Posted Mar 18th 2005, 12:00am by Staff Reporter

    ... Kelvin Wong Hang Seng Bank yesterday became the first lender to offer mortgages with more than 70 per cent loan-value ratio for properties that have completed the government's building rehabilitation scheme. The move marked another aggressive step by the city's No2 lender to expand its mortgage portfolio. Earlier this year, it beat its rivals in easing lending ...

  7. Machine trader jailed for fraud, bribery

    Posted Aug 13th 2010, 12:00am by Patsy Moy

    ... Patsy Moy A prominent trader of textile machines has been jailed for 25 months for issuing invoices which inflated the price of machinery sold to mainland customers and by which he obtained loans from a bank of more than Euro27 million (HK$272.12 million) ...

  8. 2 guilty of bank fraud

    Posted Jul 30th 2010, 12:00am by Austin Chiu

    ... Austin Chiu Two textile machine dealers were found guilty yesterday of cheating DBS Bank into granting loans of more than HK$300 million by helping its mainland customers to set up shell companies in Hong Kong and exaggerating the price of machines. Henry ...

  9. Developers team with banks on mortgages

    Posted Jul 30th 2004, 12:00am by Staff Reporter

    ... Ernest Kong Developers are teaming up with banks in offering 95 per cent mortgages to boost sales after Hong Kong Mortgage Corp decided to raise its mortgage insurance scheme's maximum loan-to-value ratio. Swire Properties has teamed up with Hang Seng Bank to offer a 95 per cent mortgage plan for buyers of Ocean Shores in Tseung Kwan O that waives instalments ...

  10. Loan size increased for 95pc mortgages

    Posted Nov 20th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong and Ernest Kong The Hong Kong Mortgage Corp (HKMC) has raised its maximum loan size on mortgages with a 95 per cent loan-to-value (LTV) ratio from $5 million to $8 million. ... of residential mortgage loans drawn down in September showed a 22.8 per cent month-on-month increase. 'A number of banks have recently requested the HKMC to extend coverage of the 95 per cent ...




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