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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.
- Government allows retired individuals to lease out reserve mortgage homes
- Public annuity scheme attracts another HK$500 million after subscriptions cap raised to HK$2 million in December
The government-owned agency said new figures show people are using its mortgage insurance scheme to buy flats worth under HK$4 million
The government-owned agency said new figures show people are using its mortgage insurance scheme to buy flats worth under HK$4 million
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.
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.
The Hong Kong Mortgage Corporation may further tighten eligibility for its payment protection insurance on home loans, in light of rising interest rates.
The Hong Kong Mortgage Corporation may further tighten eligibility for its payment protection insurance on home loans, in light of rising interest rates.