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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.
- Sales of lived-in homes rose more than threefold over the weekend in reaction to easier mortgage financing limits
- Brokers expect a rush in financing applications, slower approval process as banks caught off guard
The government-backed Hong Kong Mortgage Corporation will relax the ceiling on mortgage financing schemes for first-home buyers.
The government-backed Hong Kong Mortgage Corporation will relax the ceiling on mortgage financing schemes for first-home buyers.
Hong Kong Mortgage Corporation will allow pensioners to lease property against which they have taken out reverse mortgage loans, a move that could make it easier for them to move to the “Greater Bay Area”.
Hong Kong Mortgage Corporation will allow pensioners to lease property against which they have taken out reverse mortgage loans, a move that could make it easier for them to move to the “Greater Bay Area”.
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.