24 Sep '14, 10pm

[SHANGHAI] China's four biggest banks may ease mortgage lending, the latest in a series of...

[SHANGHAI] China's four biggest banks may ease mortgage lending, the latest in a series of...

Few takers: Tight credit in China is damping housing demand despite the central bank's call to banks to speed up granting home loans. - PHOTO: BLOOMBERG [SHANGHAI] China's four biggest banks may ease mortgage lending, the latest in a series of policy steps aimed at supporting the country's sliding property market , the 21st Century Business Herald reported. Criteria for loans to first-home buyers may be eased and people who have paid outstanding mortgages may be considered eligible for first-home status, the Guangzhou-based newspaper said, citing unidentified people at Industrial & Commercial Bank of China Ltd (ICBI) and Agricultural Bank of China Ltd. Executives at Bank of China Ltd, China's fourth largest lender, met on Monday to discuss adjusting mortgage policies, according to the report, which cited an unidentified person. Tight credit is damping housing demand even a...

Full article: http://www.stproperty.sg/articles-property/overseas-prope...

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Comment E-mail to friend Bookmark & Share Banks should reintroduce reverse mortgages because it could ease the financial w...