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  • September 22, 2014
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Results 1 - 10 of 78 for mortgage fraud

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  1. Borrowing heavily on history... and learning nothing from it

    Posted Feb 17th 2007, 12:00am by Alex Lo

    ... of a borrower's fraud, bankruptcy or delinquency. So, a finance ignoramus, I finally realised this is what my HSBC investment had bravely gotten into, not the vanilla mortgages Hongkongers talk about when ... property market over the weekend is highly instructive and makes me glad we live in risk-averse Hong Kong, at least when it comes to esoteric doomsday mortgage products. It seems when regular folks ...

  2. Reverse mortgages benefit bankers more than elderly

    Posted Dec 17th 2010, 12:00am by Tom Holland

    ... with Tom Holland From next year, Hong Kong's banks will have a whole new way to make money. Yesterday the Hong Kong Mortgage Corporation- an arm of the city's monetary authority- announced it will give its blessing to sales of reverse mortgages. If you are not familiar with reverse mortgages, they are one of those ideas that sound like a jolly good thing when you first hear ...

  3. Banks warned over risks of mortgage war

    Posted Jan 09th 2010, 12:00am by Sandy Li

    ... Sandy Li The Hong Kong Monetary Authority has issued its second warning to bankers in three months, seeking to head off a possible mortgage war that could hurt net interest margins. Nelson Man, the authority's executive director for banking supervision, said offering low-interest-rate mortgages would put pressure on banks' existing mortgage portfolios as customers ...

  4. Older flats good for loan collateral

    Posted Feb 03rd 2010, 12:00am by Yvonne Liu

    ... Steven Lee, chief executive at Konew Financial Express, a credit company, said mortgage approvals were based on the value of the home available as collateral, and can be up to 70 per cent ...

  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. Study the options before committing to a mortgage

    Posted Oct 24th 2008, 12:00am by Remo Notarianni

    ... Remo Notarianni Potential purchasers need to have full picture of their finances before choosing a package Ultimately, what really matters most when choosing a mortgage is interest rates, and right now in Hong Kong borrowers are enjoying extremely low rates. With mortgage rates hovering at just above 3per cent, conventional wisdom says this should be a buyers' market. It is not. ...

  7. Lender unveils home mortgage plan

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

    ... Staff reporter Standard Chartered's Hong Kong unit has announced a hybrid interest-rate plan for home mortgages. The rate will be fixed at 3.6 per cent or 3.65 per cent for the first three years. It will then float at 0.7 per cent or 0.75 per cent above the interbank rate, but will be capped at prime minus 1.65 per cent. For a HK$1 million, 20-year loan, monthly payment ...

  8. Construction Bank lowers mortgage limit for second homes in Chongqing

    Posted Sep 22nd 2007, 12:00am by Staff Reporter

    ... China Construction Bank has begun limiting second-home mortgages in Chongqing to 60 per cent of the purchase price from 70 per cent previously amid soaring property values in the city. The information was first reported in the Chongqing Evening Post, which also said that buyers of their only home could still get a 70 per cent mortgage. The bank was unavailable for comment yesterday ...

  9. If this is a bubble, it is not about to burst any time soon

    Posted Aug 09th 2012, 12:00am

    ... years, there are still no signs of a classic credit-fuelled property bubble. Given the prevailing conditions- a limited supply of new homes and mortgage rates below the rate of inflation- ... now artificially low, he suggested homeowners would be dangerously exposed to a rise in mortgage rates. 'What is the ratio of debt to equity in the average middle-class mortgage?' he ...

  10. Mortgage providers back up builders

    Posted Jun 25th 2004, 12:00am by Peggy Sito

    ... Peggy Sito Leading developers have joined forces with financial services companies to provide second mortgages for buyers of their residential projects. Instead of providing the loans, developers will pass the business to financial services companies and use the money they save for land replenishment, according to Leland Sun Li-hsun, chief executive of Pan Asian Mortgages, which ...




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