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Korea to triple RMBS sales in boost to market

Posted on 10 September 2012

Korea Housing Finance Corp. plans to more than triple sales of residential mortgage-backed securities to investors, allowing banks to expand home lending without adding to the consumer debt they carry on their books.
The state-run residential loan provider, the sole issuer of RMBS in Korea, expects to sell as much as 30 trillion won ($27 billion) next year, from 8.5 trillion won in 2011, Chief Executive Officer Seo Jongdae said………………………………………..Full Article: Source


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