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  1. Buying a home has never been this easy

    Posted Aug 11th 2004, 12:00am by Kenneth Ko, Sandy Li

    ... only 5 per cent or $50,000 in down payment. This follows last month's decision by the Hong Kong Mortgage Corp (HKMC) to raise the maximum loan-to-value ratio in the expanded mortgage ... buyers into the market. One day after HKMC's announcement to raise the loan-to-value ratio, Swire Properties and Hang Seng Bank came up with a 95 per cent mortgage plan for buyers of Ocean ...

  2. 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 ... portfolio. The government has sold $4.8 billion worth of civil servant mortgage loans and $15.7 billion in home-starter loans to the HKMC since April last year as part of an asset disposal programme ...

  3. HKMA tightens loan rules to cool prices

    Posted Aug 14th 2010, 12:00am by Enoch Yiu

    ... valued above HK$20 million since last October. 'As property prices continue to rise sharply, the risks of residential mortgage loans are increasing,' said Norman Chan Tak-lam, the chief executive of the HKMA. 'Since mortgage loans constitute a major part of banks' loans, there is a need for the HKMA to introduce these measures to ensure the banks are managing their risks ...

  4. 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 ...

  5. Motives unclear ahead of debt debate

    Posted Jul 28th 2004, 12:00am by Louis Beckerling

    ... (HKMC), which today debates a plan that will let budding homebuyers go deeper into debt with 95 per cent mortgage loans- at the very moment that interest rates are poised to climb. Depending ... it of a major slice of revenue and threatened the stability of the banking sector- which is heavily exposed to mortgage loans secured on the properties that those loans went to buy. Five years ...

  6. HKMC holding talks on buying more overseas mortgage assets

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

    ... be done within this year'. The agency bought about US$700 million in mortgage assets from a Korean bank last year. Established by the government in 1997, the HKMC buys mortgage loans from banks to be repackaged as mortgage-backed securities with the aim of reducing lenders' exposure to the property market. However, local lenders face fierce competition in the home loan ...

  7. HKMC to pay first dividend of $250m

    Posted Apr 13th 2005, 12:00am by Louis Beckerling

    ... But with banks reluctant to sell interest-earning home loans during the year, the HKMC went in search of alternative revenues, placing surplus funds on the money market, selling mortgage insurance, and earning fee income on mortgage-backed securities, Mr Lau said. And he flagged further changes to the corporation's original remit- to inject liquidity into the home loan market by buying ...

  8. Pan Asian launches mortgage broking unit

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

    ... he said after announcing the establishment of Pan Asian Mortgage Advisory Co (Pamac). In the United States and Australia, 50 per cent of home purchasers got their loans through mortgage ... the highest mortgage and loan approval standards, pointing to the problem in the United States. 'In the US, home purchasers did not understand the mortgages [products] when they signed ...

  9. Shoeshiners win, but some may have to move

    Posted Jul 17th 2009, 12:00am by Ada Lee, Martin Wong

    ... & Yeung- writing for the developers, Yin Nin Savings, Mortgage Loan and Land Investment Company and Luk Hoi Tong Company- raised environmental hygiene and public safety issues in and near ...

  10. Home sales plunge in wake of measures

    Posted Nov 23rd 2010, 12:00am by Paggie Leung

    ... confidence and said restrictions on mortgage loans should not be too tight. 'Flats worth a few million are not luxury homes; many of these are only two-bedroom flats,' he said. Sharmaine Lau Yuen-yuen, chief economic analyst at mReferral Mortgage Brokerage Services, said the reduction in the maximum loan that could be taken out on a given property would affect end users, who ...




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