Regulatory Alerts2003-02-07
Added · Updated
Residential mortgages in negative equity
The Hong Kong Monetary Authority issued this circular to address the rising number and value of residential mortgage loans in negative equity due to falling property prices. The regulator encourages authorized institutions to remain sympathetic toward homeowners in financial difficulties and to assist with loan restructuring or refinancing schemes. These measures aim to ameliorate repayment burdens and achieve mutually acceptable solutions that benefit both customers and institutions.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share