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  • July 23, 2014
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  1. 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 ...

  2. BEA to raise Hibor home loan rate

    Posted Nov 17th 2010, 12:00am by Lulu Chen

    ... Lulu Chen The Bank of East Asia will raise its mortgage interest rate based on the Hong Kong Interbank Offer Rate, or Hibor. The rate will be increased today from Hibor plus 0.75-0.8 per cent to Hibor plus 0.8-1 per cent for both the one-month and three-month Hibor mortgage plans. BEA's prime-based mortgage plan remains unchanged at prime minus 2.8 per cent. ...

  3. Comment - Insight & Opinion - LEADER

    Oi Wah Pawnshop could be a sign of the times

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

    ... Business has been brisk in this new line of lending. According to company statements, the number of outstanding mortgage loans surged to 57, worth a total of HK$71.4 million in November of last year, from just one loan in 2009. It says half of its mortgage cases are returned clients. But the lending rates are steep. In this ultra-low interest environment, Oi Wah charges between 7.8 ...

  4. Alarm sounded on repossessions with lax loans

    Posted Jul 11th 2007, 12:00am by Richard Warren

    ... According to Lee Grandin, managing director of Landlord Mortgages, mortgage lenders are handing out 100 per cent loans to 'novice' property investors who will struggle to cover mortgage ... million) ought to receive these loans, he said. The Council of Mortgage Lenders is more sanguine. Council spokesman Bernard Clarke said a rise in buy-to-let repossessions would be small. 'We ...

  5. 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 ...

  6. 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 ... price their loans at 4.5 per cent to 4.62 per cent. The pressure on lenders to raise their mortgage rate increased after banks cut their prime rate last week to 7.5 per cent and 7.75 per cent. ...

  7. 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 ... rates might be raised a further 25 basis points for the 16th consecutive time. 'Competition in the mortgage loan business has always been fierce. We believe different banks will have ...

  8. Rise in rates sends prices, sales tumbling

    Posted Sep 21st 2011, 12:00am

    ... confidence came on Friday when the city's two biggest home lenders, HSBC and Bank of China (Hong Kong), raised their mortgage interest rates. Despite price discounting in the secondary market ... projects at prices that are close to, and in some cases lower than, prices in the secondary market. HSBC increased the interest rate on mortgages based on the Hong Kong interbank offered rate ...

  9. HSBC accused of undervaluing subprime mortgage bonds

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

    ... office placed an improperly low valuation on nine subprime mortgage bonds, which were being sold by the fund's subsidiaries in return for loans. Pierre Goad, an HSBC spokesman in London, ... 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 ...

  10. 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 ... four banks out of $12 million in mortgages between November 2001 and May 2002. The banks were Liu Chong Hing Bank, Bank of America, Bank of East Asia and Bank of China. The court heard ...




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