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Real Estate Briefing - Categorized | Finance, Mortgage more

Some China banks halt third-home mortgages

Posted on 09 August 2010

From Marketwatch.com: Some banks in Beijing and Shanghai have voluntarily stopped issuing mortgages for purchases of third homes, the Shanghai Securities News reported Monday, citing industry sources.
Beijing allowed banks to stop issuing loans for such purposes in parts of the country in mid-April………………………………………..Full Article: Source

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