April 27, 2024
Economy
Mortgage-backed deals rise in Q1
[THE INVESTOR] Korea’s residential mortgage-backed securitizations rose slightly in the first quarter of this year, official data showed on April 26.
State-run Korea Housing Finance Corp. issued 9 trillion won (US$8 billion) in mortgage-backed securities during the January-March period, up 300 billion won from the same period a year ago, the Financial Supervisory Service said in a statement.
The slight gain in mortgage-backed securities came as the government began encouraging people to switch to lower and fixed-rate mortgage loans from the second half of last year, FSS officials said.
Mortgage securitizations by the state-run housing financing company stood at 10.4 trillion won in the fourth quarter last year, 9.8 trillion won in the third quarter of last year and 5.9 trillion won in the second quarter of last year.
By Alex Lee and newswires (alexlee@heraldcorp.com)
State-run Korea Housing Finance Corp. issued 9 trillion won (US$8 billion) in mortgage-backed securities during the January-March period, up 300 billion won from the same period a year ago, the Financial Supervisory Service said in a statement.
The slight gain in mortgage-backed securities came as the government began encouraging people to switch to lower and fixed-rate mortgage loans from the second half of last year, FSS officials said.
Mortgage securitizations by the state-run housing financing company stood at 10.4 trillion won in the fourth quarter last year, 9.8 trillion won in the third quarter of last year and 5.9 trillion won in the second quarter of last year.
By Alex Lee and newswires (alexlee@heraldcorp.com)
