• Wed
  • Sep 3, 2014
  • Updated: 3:53pm

Hong Kong Mortgage Corporation

Established in 1997, the Hong Kong Mortgage Corporation Ltd, is wholly owned by the Hong Kong Special Administrative Region (HKSAR) Government through the Exchange Fund. Its mandate is to enhance banking stability through offering a reliable source of liquidity, promoting wider home ownership in Hong Kong and helping with the development of Hong Kong’s debt securities market, including mortgage-backed securities.

HKMC not playing on a level field

The new name will be created by adding the words "Credit and Guarantee" between the words "Mortgage" and "Corporation". My congratulations to you on your insight if this reflects anything of significance to you.

Tuesday, 8 October, 2013, 1:17am 1 comment

Banks concerned by HKMC's new name and role

Banks in Hong Kong are casting a wary eye over the Hong Kong Mortgage Corporation's (HKMC) plans to develop products that go beyond its mortgage-insurance-focused business.

7 Oct 2013 - 1:20pm

Hong Kong Mortgage Corporation chief hints at price rises in risky property market

Homebuyers may have to pay more for mortgage insurance because the leading provider, the Hong Kong Mortgage Corporation, is looking to offset its risk in guaranteeing their loans in a risky property market where prices remain at near-record highs.

16 Apr 2013 - 5:32am

Homebuyers face squeeze on mortgage payment protection insurance

The Hong Kong Mortgage Corporation may further tighten eligibility for its payment protection insurance on home loans, in light of rising interest rates.

17 Mar 2013 - 5:39am

Cash for start-ups in loans scheme

The Hong Kong Mortgage Corporation launched a microfinance programme yesterday, aimed at helping the cash-strapped - from start-ups to self-employed.

The agency, which aims to promote wider home ownership and develop the local debt market, said it was working with six banks and five non-governmental organisations to promote the plan.

30 Jun 2012 - 12:00am

Pilot loan project boost for small enterprises

The Hong Kong Mortgage Corporation (HKMC) said yesterday it would launch a three-year microfinance project with banks to provide loans to business start-ups that have difficulty obtaining credit.

The agency, which aims to promote wider home ownership and develop the local debt market, said net profit rose about 4.4 per cent to nearly HK$1.26 billion year on year.

1 May 2012 - 12:00am

Backwards mortgage offers pension from home equity

The Hong Kong Mortgage Corporation launched its reverse-mortgage scheme with seven banks yesterday, targeting people aged 60 and above.

Reverse mortgages can allow the elderly to use their homes as collateral in return for a fixed sum every month for the rest of their lives. The payout can also be handed over in one lump sum.

12 Jul 2011 - 12:00am

Mortgage Corporation lets civil servants pretend to be bankers

The increase in profits and ROE [return on equity] was mainly attributable to the favourable interest rate environment, excellent loan performance, prudent business development strategy and strong commitment to risk management.

Hong Kong Mortgage Corporation

2010 results press release, April 12

17 Apr 2011 - 12:00am

HKMC profit rises 22.7pc

Government-owned Hong Kong Mortgage Corporation's post-tax profits increased by 22.7 per cent last year to HK$1.23 billion. The profit growth was driven by low interest rates and good loans performance. HKMC issues bonds to buy mortgage portfolios from banks and repackage them as mortgage-backed securities.

13 Apr 2011 - 12:00am

Bigger loans for village homes

These houses are now included in the HKMC's 85 per cent mortgage scheme, but experts do not expect a flood of buyers

A relaxation of the lending policy for village houses will help interested buyers enter the market more easily, but banking and property experts do not expect a sharp jump in transaction volume and prices.

1 Mar 2006 - 12:00am

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