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  • October 22, 2014
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  1. Sub-prime loans natural evolution of easier cash

    Posted Apr 11th 2007, 12:00am by Leland Sun

    ... Leland Sun Never have I received more e-mails or telephone calls about what has been going on in the sub-prime mortgage market in the United States than in the past month or so. Let me try to put things in simple English. First, what is sub-prime mortgage lending? Simply, it is the lending to borrowers who do not qualify for loans from traditional mortgage lenders, typically banks. ...

  2. The Big Short

    Posted Feb 06th 2011, 12:00am by Charmaine Chan

    ... Eisman, who saw the subprime mortgage market as a Ponzi scheme, and Michael Burry, who realised that the road to riches lay in credit-default swaps on subprime mortgage bonds, even though ... triple-As to bonds worth less, and investment bankers who realised defaults on subprime mortgages were rising but did their best to hide the fact. Some books are more interesting than others. ...

  3. Pension fund sees lessons in subprime mess

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

    ... Daniel Ren in Shanghai The mainland's social security fund will draw lessons from the United States subprime mortgage woes and exercise caution when investing overseas, said Xiang ... subprime mortgage defaults in the US have caused havoc in global markets, prompting central banks to pump billions of dollars to rescue the financial industry. 'Central banks must do something ...

  4. As good times turn to bad, we should not look for handouts

    Posted Jul 09th 2008, 12:00am by Staff Reporter

    ... This is on top of the stagnant US economy expected in the near future after the subprime mortgage crisis emerged late last year. Continuous natural calamities such as the giant snowstorm, earthquake ...

  5. 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 ...

  6. HKMC to offer insurance on investment flats

    Posted Dec 29th 2007, 12:00am by Staff Reporter

    ... and Australia. He said the enhanced mortgage cover would not trigger riskier home loans as seen from the subprime fallout in the US. 'We need customers to have proven credit records and documentation. It is different from the US subprime situation.' Insurance needs HKMC to cover mortgages with 85 per cent loan-to-value ratio by charging: 3.6% ...

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

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

    ... a bank's doors for a mortgage without a well-paying job and good credit history. In the US, they love these so-called sub-prime borrowers- or used to until recently- whose loans are sold and resold ... 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 ...

  8. Dim forecast for fixed rates

    Posted May 24th 2006, 12:00am by Peggy Sito

    ... Peggy Sito Experts say these new mortgage products must offer lower interest to succeed When the People's Bank of China raised the interest rate last month, market watchers said it might spark interest in the new fixed-rate mortgage products being offered by several banks. But experts said the product had a long way to go before it became popular, pointing out ...

  9. Asian stocks rally on US rate-cut speculation

    Posted Dec 12th 2007, 12:00am by Staff Reporter

    ... volume was thin because of uncertainty about the world's largest economy still under the weight of the subprime mortgage crisis. Singapore share prices advanced, in line with regional peers, ... a positive lead from Wall Street. Investors focused more on the expected rate cut than UBS' US$10 billion write-down on investments backed by mortgages. Taiwan share prices closed higher ...

  10. Foreign interest in China real estate expected to wane

    Posted Apr 03rd 2008, 12:00am by Peggy Sito

    ... was partly due to concerns over the impact of the subprime crisis on international financial institutions and economy of the United States,' Mr Ho said. He said growing concerns over the global ... changes' over the coming 100 days amid the credit squeeze. He did not elaborate on his projection. Subprime fallout Global economic concerns are impacting investment plans Cash funnelled ...




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