Hints and tips:
...It became the first lender in eastern Shandong province to tap the fund in June, issuing an Rmb100mn matched loan in a region with more than 300 delayed residential projects....
...Its bad loans from residential mortgages have already risen 9.6 per cent to Rmb27.8bn ($3.8bn). Defaults by Chinese developers have exceeded $110bn over the past three years....
...Lu’s monthly mortgage payment of Rmb4,000 eats up two-thirds of his family’s household income....
...They have cut lending rates, mortgage rates, business taxes, stock-trading fees and even admission costs at tourist sites; extended EV subsidies; relaxed regulations; intervened in forex markets; and extended...
...On the contrary, US officials wasted months denying the scale of their subprime mortgage losses, prompting Japanese officials to complain to me — with justifiable irritation — that the Americans were refusing...
...FT architecture critic Edwin Heathcote says a government proposal to make it easier to convert shops and department stores to residential use is a terrible idea....
...But a rising delinquency rate on residential mortgage loans suggests there is more weakness to come. Investors should brace for further declines in the prices of homes and property sector shares....
...She is not the only one affected — about a quarter of the roughly 200 apartments in the residential project have been sold....
...We thought rising mortgage rates would crush the homebuilders, and bet against Pulte in the FT stockpicking contest....
...As a result of the tie-up, HDFC Bank is betting it can sell additional banking products to 5mn HDFC Limited’s mortgage-buying customers....
...mortgages, construction loans and property-backed debt....
...This month, it relaxed the minimum mortgage rate in certain cities and introduced refunds of capital gains tax for some home purchases....
...Chinese residential property owners are rushing to pay off their mortgages early, heaping pressure on commercial banks that were already struggling to identify attractive lending opportunities....
...Origin Energy, a liquefied natural gas developer and energy company with 4.2mn residential customers, said it would recommend the deal to its shareholders if the indicative and non-binding offer of A$9 a...
...The Big Short movie chronicled short selling directed against US mortgage-backed securities while the Netflix documentary Skandal!...
...Among the top 10 holdings in its Scottish Mortgage Investment Trust fund as of September 30 were shopping platform Meituan and social media and gaming group Tencent, both of which declined by more than 14...
...Legal disputes, for example over residential mortgage-backed securities, and writedowns have offset any gains in the region....
...The downturn in the housing market began last summer in response to government restrictions on mortgage borrowing and developer leverage....
...guys got bigger and upstarts in the residential market, Macquarie and AMP, began to bite....
...It had $102bn worth of residential real estate loans on its books at the end of last year, almost all of which mature in 15 years or later....
...Country Garden Services, the group’s residential property management service unit, and Longfor Group dropped as much as 19 per cent and 7.5 per cent, respectively....
...The company, one of China’s biggest homebuilders, has also been hit by a wave of Chinese buyers protesting over unfinished homes by boycotting mortgage payments....
...The commission has warned that it would take a hard line on banking consolidation in response to the power of the four main banks in Australia’s residential market....
...Separate data this week raised further concerns over the housing sector, given a 22 per cent fall year on year in residential housing sales by value in the first two months of the year....
...Australian banks are heavily exposed to house prices with residential mortgages constituting over 60 per cent of total loans, one of the highest levels in the world....
International Edition