• Thu
  • Aug 21, 2014
  • Updated: 4:42am


'Shadow' homes could burden US housing agencies, report says

Well over a million US homeowners are months behind on payments on government-backed mortgages, raising the risk federal housing agencies will face the cost of managing a fresh flood of foreclosed homes, two government watchdogs say.

Wednesday, 5 June, 2013, 4:40am

Mortgage foreclosures surge in Northern Ireland

Belfast retail worker Chantal McCarthy never thought she would have to find a new home at the age of 57, but her husband lost his job as a builder three years ago and their finances have since spiralled downward.

5 Jun 2013 - 4:40am 1 comment

BOCHK lowers rate for mortgages

Bank of China (Hong Kong), the city's biggest mortgage lender, has cut mortgage rates for some clients in an attempt to arrest the plunge in loan volume. Its lowest rate is the Hong Kong interbank offered rate plus 1.9 percentage points.

29 May 2013 - 2:51am

US housing supply suffers with homeowners lacking equity to sell and buy elsewhere

Forty-four per cent of homeowners with mortgages owed more than their properties are worth or had less than 20 per cent equity in the first quarter, the Seattle-based real estate data company said in a report.

29 May 2013 - 3:21am

Prospect of property slump adds to risk

Rising property values have increased our equity in our Hong Kong home. We are thinking of increasing our current home mortgage to buy a property in Britain or Canada. We are in our mid-50s and plan to repay the loan from the sale of our Wan Chai investment flat when we retire at 65. This flat is mortgaged to about 70 per cent of its value. What do you think?

20 May 2013 - 4:18am

Limits on Philippines property loans may be tightened further

The Philippines has cut borrowing costs, banned foreign funds from special deposit accounts and eased rules for outflows, striving to manage an investment influx lured by economic growth exceeding 6 per cent and improved credit ratings.

8 May 2013 - 2:33am

Hitachi Capital lures homebuyers with offer of 95 per cent loans

Money lender Hitachi Capital (HK) is teaming up with mortgage broker mReferral to offer home loans of up to 95 per cent of the price of a flat, with the loan capped at HK$5 million.

The move comes after the Hong Kong Mortgage Corp's decision in February to tighten eligibility for payment protection insurance on home loans.

17 Apr 2013 - 4:56am

HKMA measures put Hong Kong in good stead to weather property plunge

With the Hong Kong economy heavily skewed towards property investment, the suggestion to increase rates would provide a substantial source of recurrent revenue for the government, unlike stamp duty and land sales, which can fluctuate greatly.

17 Apr 2013 - 5:31am

H7N9 bird flu not behind slowing Shanghai home sales, agents say

Home sales in Shanghai have been hit by policy measures aimed at curbing demand, not by fears of another widespread outbreak of a new strain of bird flu, property consultants said.

10 Apr 2013 - 5:47am

'Modest' upward trend in UK house prices predicted

Prices rose 0.2 per cent from the previous month to an average £163,943 (HK$1.95 million), the mortgage unit of Lloyds Banking Group said. From a year earlier, values were up 0.3 per cent.

10 Apr 2013 - 5:47am