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Real Estate Briefing - Categorized | Market Moves, Mortgage more

Saudi studies Fannie Mae model laws for housing

Posted on 23 November 2012

Saudi Arabia is studying draft regulations that could see the creation of a real estate refinancing company similar to US firm Fannie Mae, according to proposals published by the central bank this week.
The regulations are part of long-awaited government efforts to develop a housing mortgage sector in the conservative kingdom where the restrictions of Sharia law have made it difficult to secure lending against property………………………………………..Full Article: Source


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