HONG KONG (S&P Global Ratings) Sept. 22, 2017--S&P Global Ratings Services said today it lowered its long-term issuer credit rating on Hong Kong Mortgage Corp. Ltd. (HKMC) to 'AA+' from 'AAA'. The outlook is stable. At the same time, we affirmed the 'A-1 ... ( read original story ...)
Mortgages to follow people into retirement
The fact that people may still paying off a mortgage when they retire is not "an ideal situation ... out an actual start date was a key move forward. MORNING BRIEFS - Hong Kong's debt has been downgraded by Standard and Poor's a day after its ratings ... ( read original story ...)
Energy leads U.S. stock indexes to a mostly higher finish
Lower bond yields mean banks have to charge lower interest rates on long-term loans like mortgages. Several health care companies ... the S&P downgraded the credit rating for China and Hong Kong. Japan’s benchmark Nikkei 225 slipped 0.3%, while South ... ( read original story ...)
Hong Kong woman wants house back from ex-boyfriend after dodging tax
A Hong Kong woman is suing her her ex-boyfriend ... to act for the Plaintiff as an agent in purchasing the property which included obtaining the mortgage, and thereby is on title and holds the property on a constructive trust for the Plaintiff in ... ( read original story ...)
Non-bank mortgage loans a time bomb in the making
Recent market studies have shown a rapid increase in non-bank mortgage lending as home prices continued to surge. The Hong Kong Monetary Authority, the city's de facto central bank, has issued some warnings about the high cost of non-bank loans but has yet ... ( read original story ...)
Hong Kong woman wants her ex out of B.C. home. The problem? His name is on the title
But Wu, who lives in Hong Kong, didn’t want to pay B.C.’s 15 per cent foreign buyers tax, court documents said. Chu is from Richmond, and Wu claims he helped her buy a home in the city by putting the land title and mortgage under his name. Online real ... ( read original story ...)
Hong Kong woman wants her ex out of B.C. home. The problem? His name, on the title: lawsuit
But Wu, who lives in Hong Kong, didn’t want to pay B.C.’s 15 per cent foreign buyers tax, court documents said. Chu is from Richmond, and Wu claims he helped her buy a home in the city by putting the land title and mortgage under his name. Online real ... ( read original story ...)
Hong Kong central bank warns of capital outflow after Fed’s plan
HONG KONG, Sept 21 (Reuters) - Hong Kong’s de facto central bank ... The Federal Reserve announced it would begin in October to trim its massive holding of U.S. Treasury bonds and mortgage-backed securities acquired in the years after the 2008 financial ... ( read original story ...)
As mortgages grow scarce in China, homebuyers turn to car and college loans, firm says
Outstanding individual mortgage loans rose 30.8 per cent at the end of June ... David Ng, Macquarie’s head of China&Hong Kong research, said he was not surprised buyers had been using consumer loans in an effort to bypass the restrictions, with ... ( read original story ...)
Hong Kong shares down as investors eye Fed meeting, China economy
Sept 19 (Reuters) - Hong Kong stocks dipped on Tuesday as traders awaited the ... and announce plans to begin unwinding its $4.2 trillion portfolio of Treasuries and mortgage-backed securities. China Investment Securities (HK) said it expects the Fed ... ( read original story ...)
China, Hong Kong stocks dip as investors await cues from Fed meeting
SHANGHAI: China and Hong Kong stocks dipped on Tuesday morning ... and announce plans to begin unwinding its $4.2 trillion portfolio of Treasuries and mortgage-backed securities. China Investment Securities (HK) said it expects the Fed to "reduce its ... ( read original story ...)
The Hong Kong Housing Market: A Bubble About to Burst?
However, low-interest rates and reduced credit underwriting standards have encouraged mortgages, fueling demand. Currently, at this stage of Hong Kong’s economic environment, many critics predict the bursting of the housing bubble as prices continue to ... ( read original story ...)
Top Hong Kong developer’s property sales slip amid market boom
HONG KONG -- Hong Kong's largest developer by market capitalization, Sun Hung Kai Properties, booked 17% less in property sales at home for the year ended in June, despite a red-hot housing market where prices show no signs of abating. Property sales in ... ( read original story ...)
Hong Kong, Sydney, Shanghai property at risky level, S&P global ratings says
Property prices in the Asia-pacific region have reached risky levels, especially in Sydney, Hong Kong and Shanghai, according to S&P Global Ratings. “Asset prices, especially property prices, today are as stretched as they were before the Asian crisis ... ( read original story ...)