Finance & Mortgage

Fannie Mae Selling Mortgage Bonds Worth $1 Billion

U.S. Mortgage financier, Fannie Mae is reportedly planning to sell mortgage bonds worth $1 billion in an upcoming private auction slated to be held on Thursday, July 11. The lender will be selling these bonds without any involvement or backing from the government, according to several media reports.

The Effects of Government Curbs on Hong Kong’s Real Estate Market

Hong Kong’s property sector is the most expensive real estate market of the Asia Pacific region. Home prices have been high since 2009 due to lack of steady supply, low interest rates and the influx of Chinese buyers in the region. To cool the conditions down, the government had introduced various measures in the past few months. But has the government actually achieved its target with these curbs? How have these measures affected the market?

Singapore Introduces New Home Loan Regulations

In an effort to cool down the heated real estate market of the country, the government of Singapore has introduced a new set of rules and benchmarks for banks before granting a home loan to an individual.