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23.03.26 - 00:36
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Potential rate cut pause, geopolitical tensions may cloud Hong Kong property recovery (SCMP)
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Hongkonger Katie Chan was hoping to buy a flat to live in, and although the 37-year-old accountant was in no rush, the potential longer pause in interest rate cuts could delay her decision.
For Chan, the ideal mortgage would be if the one-month Hong Kong interbank offered rate (Hibor) fell below 1.95 per cent, but this year the key driver for local mortgage costs and corporate borrowing rates had only dropped to as low as 2.02 per cent, according to data tracked by the Hong Kong Association of......
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20.03.26 - 17:24
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FCA investigates collapsed lender MFS amid £1.3bn mortgage scandal (The Guardian)
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Move follows the granting of a worldwide asset-freezing order on company's founder, Paresh RajaWhat is the £1.3bn MFS mortgage scandal and what is private credit?The UK's financial regulator has launched an investigation into Market Financial Solutions (MFS), the mortgage lender that collapsed last month amid allegations of fraud.The move follows the granting of a £1.3bn worldwide asset-freezing order on MFS founder Paresh Raja on Wednesday, as creditors successfully gained court orders in London and Dubai barring the tycoon from dissipating assets. Continue reading......
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