Thu, Nov 27, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Mortgage, Regulatory more

South Korea to ease mortgage lending rule to spur consumption

Posted on 23 July 2012

South Korea will ease a rule on mortgage lending to stimulate the real-estate market and boost consumption as faltering global demand hurts the export-reliant economy, an adviser to President Lee Myung Bak said.
“We have seen that there are many irrational aspects to the debt-to-income ratio limit” banks apply to residential mortgage borrowers, Kim Dae Ki told reporters today in Seoul. “While we will maintain the basic framework of the regulation, we concluded that certain irrational parts of the rule should be eased,” he said, without elaborating………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930