Arab Today, arab today abs issuance in south korea rises on surging mbs sales
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

ABS issuance in south Korea rises on surging MBS sales

Arab Today, arab today

Arab Today, arab today ABS issuance in south Korea rises on surging MBS sales

Seoul - XINHUA

Issuance of asset-backed securities (ABS) in South Korea rose more than 30 percent in the first half of this year due to a surge in sales of mortgage-backed securities (MBS) by the state-run mortgage provider, financial watchdog data showed Thursday. ABS sales amounted to 26.8 trillion won (23.8 billion U.S. dollars) during the January-June period, up 35.5 percent from the same period of last year, according to the Financial Supervisory Service (FSS). Financial, non-financial firms and mortgage agencies in South Korea use cash flows from mortgage loans, sales receivables, loan receivables and credit card receivables as underlying assets to issue ABS. The state-run Korea Housing Finance Corp. (KHFC) issued a record 14.2 trillion won worth of MBS, accounting for more than half of the total ABS sales in the first half. The public agency, which securitizes standard conforming loans, increased sales of MBS to meet the government\'s efforts to boost the long-term, fixed-rate loans. The Korea Land & Housing Corp. (LH) floated 700 billion won worth of ABS with rent receivables as collateral in the first half, down 500 billion won from a year earlier. ABS sales by credit card issuers reduced 26.3 percent from a year earlier to 2.9 trillion won in the first half due to slumping consumption, but those issued with auto loans and lease as collateral gained to 1.1 trillion won in the first half from 189.5 billion won a year ago. Issuance of ABS collateralized by real estate project-financing (PF) loans declined 81.9 percent to 300 billion won over the cited period amid faltering property market, but those issued with handset installment sale receivables as collateral increased 9.5 percent to 3 trillion won.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today abs issuance in south korea rises on surging mbs sales Arab Today, arab today abs issuance in south korea rises on surging mbs sales

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today abs issuance in south korea rises on surging mbs sales Arab Today, arab today abs issuance in south korea rises on surging mbs sales

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday