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  1. Zero rate offer as mortgage war heats up

    Posted Mar 17th 2009, 12:00am by Enoch Yiu

    ... they are so aggressive in competing for mortgage loans, which are relatively lower risk than other types of lending. 'This trend is likely to continue as we have seen some property owners launch ... Enoch Yiu The mortgage war between local lenders is escalating, as Hang Seng Bank joins the fray with a product offering mortgage borrowers zero interest for three months. It is the first ...

  2. Home loan approvals slide on bubble warning

    Posted Dec 30th 2009, 12:00am by Peggy Sito

    ... shows. New mortgage loan approvals for the primary market rose 20.08 per cent in value, and secondary market transactions fell 16.66 per cent from October, while approvals for refinancing fell ... mortgage loan activity. In the first 28 days of the month, 773 deals were transacted in the primary market, up 21.2 per cent from November, he said. Lee said developers would start selling new ...

  3. Approvals for home loans rise 46pc in March

    Posted Apr 28th 2009, 12:00am by Staff Reporter

    ... 25.5 per cent to HK$8.9 billion compared with February. Meanwhile, nearly 50 per cent of the new mortgage loans approved in March were priced from 2 per cent to 2.5 per cent below the prime lending rate, compared with 14 per cent of the loans in the previous month. Banks have cut their mortgage rates aggressively since January this year to gain market share. Some lenders even cut ...

  4. Swelling bank loans raise default alarm

    Posted Jul 22nd 2009, 12:00am by Staff Reporter

    ... with a commercial bank. 'The banking regulator has emphasised a strict line on mortgage loans to prevent speculative purchases and the central bank is ready to punish banks that lend excessively.' ... Jane Cai in Beijing Mainland banks are furiously pumping out new loans to prop up growth in the world's third-biggest economy. That enthusiasm may come back to haunt them. Thanks ...

  5. Number of mortgages in negative equity falls to lowest since 2001

    Posted Nov 20th 2009, 12:00am by Yvonne Liu

    ... the peak of 105,697 cases in June 2003, at the height of the severe acute respiratory syndrome epidemic. The authority said yesterday that its survey of residential mortgage loans in which ... the record low. The previous record low of negative equity cases was 936, in the second quarter of last year. In addition, the total value of residential mortgage loans in negative equity dropped 81 ...

  6. HKMC plans 10-year fixed-rate loans

    Posted Oct 21st 2009, 12:00am by Staff Reporter

    ... Maria Chan The Hong Kong Mortgage Corp will launch a revised scheme offering homebuyers fixed-rate loans for up to 10 years, according to executive director Peter Pang Sing-tong. 'The ... the property market. Worry-free The plan allows buyers to secure mortgage costs without rate changes Fixed-rate loans will be from one to 10 years, with plan choices numbering: 6 ...

  7. CBRC backs home-loan curbs amid bubble fears

    Posted Jul 24th 2009, 12:00am by Eric Ng

    ... bubble. 'In respect to certain media reports about the China Banking Regulatory Commission tightening second-home mortgage lending, [its spokesman] says today, the commission's strict enforcement of its mortgage lending policy has not changed,' the regulator said in a statement issued last night. This indicates there will be strict adherence to the rule that down payments ...

  8. Growth controls, price rises to hit property buying

    Posted Oct 28th 2009, 12:00am by Staff Reporter

    ... 18.5 per cent in the third quarter to HK$104.8 billion, a record amount compared with the second quarter, even though approvals fell last month. Meanwhile, new mortgage loans drawn down last ... to analysts. New home loan approvals dropped 2.5 per cent last month from August to HK$33.3 billion, mainly because of the reduction of primary market transactions, the Hong Kong Monetary ...

  9. Follow home loan rules, Shanghai warns banks

    Posted Jul 20th 2009, 12:00am by Staff Reporter

    ... to secure more loans to fund house buying, betting on further gains in home prices. Shanghai banks' total mortgage loans in the first half of this year hit 29.3 billion yuan (HK$33.3 billion), ... to local lenders, asking them to strictly review mortgage applications to ward off potential defaults. Shanghai followed Guangzhou and Shenzhen in curbing the property buying euphoria displayed ...

  10. Everbright Bank posts 7.7b yuan record profit

    Posted Jan 22nd 2009, 12:00am by Staff Reporter

    ... in 1992, according to a banking source. The lender's non-performing loan ratio was 1.97 per cent at the end of 2008, down 2.53 percentage points from the beginning of the year. Chang Jiang Securities banking analyst Liu Jun said the bank's net profit would continue to surge because its loans remained strong. Mr Liu said the bank would expand its profits once it finished its ...




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