Category Fraud Alerts HK

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for February 2021.

The number of mortgage applications in February decreased month-on-month by 5% to 12,455.

Mortgage loans approved in February increased by 1% compared with January to HK$38.1 billion. Among these, mortgage loans financing primary market transactions increased by 5% to HK$5.2 billion and those financing secondary market transactions increased by 1.8% to HK$27.5 billion. Mortgage loans for refinancing decreased by 6.4% to HK$5.4 billion.

Mortgage loans drawn down during February decreased by 22.5% compared with January to HK$19.3 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 95.5% in January to 95.9% in February. The ratio of new mortgage loans priced with reference to best lending rates decreased from 2.2% in January to 1.7% in February.

The outstanding value of mortgage loans increased month-on-month by 0.3% to HK$1,595.9 billion at end-February.

The mortgage delinquency ratio remained unchanged at 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

 

Hong Kong Monetary Authority
31 March 2021

[ad_2]

Source link

Is your business effected by Cyber Crime?

If a cyber crime or cyber attack happens to you, you need to respond quickly. Cyber crime in its several formats such as online identity theft, financial fraud, stalking, bullying, hacking, e-mail fraud, email spoofing, invoice fraud, email scams, banking scam, CEO fraud. Cyber fraud can lead to major disruption and financial disasters. Contact Digitpol’s hotlines or respond to us online.

Digitpol is available 24/7.

Email: info@digitpol.com
ASIA +85239733884
Europe +31558448040
UK +44 20 8089 9944