1.Activities of FHA/Fannie/Freddie resulted in the standardization of all single-family mortgagedebt, including loans that did not conform to Fannie/Freddie criteria.
2.Subprime borrowers—long shut out of home ownership—now account for one in five new mortgages and 10% of all mortgagedebt, thanks to the expansion of mortgage-backed securities (and derivatives based on them).
6.In addition, 57 percent of women worried about whether they could pay their monthly rent or mortgage, and 85 percent reported being in debt, the survey showed.
10.Following is a speech by Mr Donald Tsang, acting Chief Executive and Chairman of the Hong Kong Mortgage Corporation Limited at the signing ceremony of the Hong Kong Dollar 20 Billion Debt Issuance Programme today (Wednesday):