residential mortgage
2.Because of its risk transfer and loss compensation functions, Residential Mortgage Loan Insurance can prevent the risks of Residential Mortgage Loan to a certain extent, so its importance has been revealed gradually.
3.Residential mortgage loans grew modestly during the year, while loans for building, construction, property development and investment contracted moderately.
4.This week Citi folded several units into a new residential-mortgage business, and UBS was prompted to deny rumours that it will try to offload its investment bank.
5.Hong Kong provides fertile ground for the development of a secondary mortgage market, as evidenced by the strong increase in outstanding residential mortgage loans from 8 per cent of GDP in 1980 to 40 per cent (excluding the Home Ownership Scheme and the Private Sector Participation Scheme) in 1998.
6.Following a distinct upturn in late 1998, the residential property market held broadly stable in the first half of 1999. The successive cuts in interest rates and the competitive mortgage packages offered by the banks were the major underpinning factors.
