The total value of residential mortgage loans in negative equity was about 115 billion HK dollars, accounting for 21% of the total value of the outstanding mortgage loans.
Instead, he emphasized the slightly falling share of Fannie and Freddie's residential mortgage securitizations in the years 2004 to 2006 as the reason they were not responsible.
Banks don't want to underwrite residential mortgage loans.
Xinhua News Agency, Hong Kong, June 3 The Hong Kong Monetary Authority announced today the results of the latest survey on residential mortgage loans in negative equity conducted with a number of banks active in mortgage financing.
private residential mortgage lending
Approach to commercial bank s stress test on residential mortgage loan;
America's residential mortgage market is huge.
At the end of December last year, the total number of residential mortgage loans in negative equity was 73,000 with an aggregate value of 125 billion HK dollars.
Bernanke was asked about the governments rescue of two federally chartered agencies that are the biggest players in the residential mortgage market.
The survey shows that at the end of March this year, the average loan-to-value ratio of the aggregate portfolio of residential mortgage loans in negative equity remained at a level of about 125%.
That's about 9% of residential mortgage debt and about 6% of total indebtedness.
The first one is to perfect the system to prevent false residential mortgage loans.
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