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Authors: Simon Chan
Published by: Asia Case Research Centre, The University of Hong Kong
Published in: 2001
Length: 20 pages

Abstract

While mortgage securitisation was old-hat in the United States and Europe, it had not really caught on in Asia. Past experience in Hong Kong suggested that efforts by individual institutions to securitise mortgages had not been entirely successful. In spite of this, the Hong Kong Government placed high hopes on the Hong Kong Mortgage Corporation (HKMC) in terms of developing the mortgage-backed securities (MBS) market. However, some banks wondered whether it was timely for them to get into the MBS business in Asia. In particular, the banks and the HKMC had very different risks and concerns regarding the development of MBS. Teaching purpose: a study of mortgage-backed securities and secondary mortgage market.
Location:
Other setting(s):
2001

About

Abstract

While mortgage securitisation was old-hat in the United States and Europe, it had not really caught on in Asia. Past experience in Hong Kong suggested that efforts by individual institutions to securitise mortgages had not been entirely successful. In spite of this, the Hong Kong Government placed high hopes on the Hong Kong Mortgage Corporation (HKMC) in terms of developing the mortgage-backed securities (MBS) market. However, some banks wondered whether it was timely for them to get into the MBS business in Asia. In particular, the banks and the HKMC had very different risks and concerns regarding the development of MBS. Teaching purpose: a study of mortgage-backed securities and secondary mortgage market.

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Location:
Other setting(s):
2001

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