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HSBC, Bank of China Lift HK Mortgage Rates as Economy Worsens

HSBC, Bank of China Lift HK Mortgage Rates as Economy Worsens

This is a discussion on HSBC, Bank of China Lift HK Mortgage Rates as Economy Worsens within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Dec. 2 (Bloomberg) -- HSBC Holdings Plc and Bank of China Ltd., the two biggest home lenders in Hong Kong, ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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12-03-2008, 06:15 PM

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HSBC, Bank of China Lift HK Mortgage Rates as Economy Worsens ...

Dec. 2 (Bloomberg) -- HSBC Holdings Plc and Bank of China Ltd., the two biggest home lenders in Hong Kong, raised their bmortgage/b rates to maintain profitability, adding to pressure on property prices.

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(Source: Google Blog Search)

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bank, china, economy, hsbc, lift, mortgage, rates, worsens

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