“HF promotes strong performance of Relief Loan in Asian Market”
- Date 2015-09-25
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“HF promotes strong performance of Relief Loan in Asian Market”
- HF to present Relief Loan’s positive impact on the household debt structure in Korea at the Second ASMMA Meeting -
The Korea Housing Finance Corporation is gong to have a presentation on the role of Relief Loan and
the positive results it produced.
The Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) announced on the 25th that it has joined
the Asian Secondary Mortgage Market Association (ASMMA), a consultative body for secondary mortgage
corporations in Asia, and plans to have a presentation on the MBS market in Korea and Relief Loan
at the Second ASMMA meeting held on the 29th in Manila, Philippines.
HF intends to highlight its contribution to boosting the percentage of long-term, fixed-rate mortgage accounts
and stabilizing the nation’s household debt structure through 34 trillion won of Relief loans.
Launched in September 2014, ASMMA strives to promote the advancement of the secondary mortgage market
in Asia and the cooperation of secondary mortgage corporations in the region. A total of seven countries
are participating as members: Malaysia, Mongol, Indonesia, Japan, the Philippines, Thailand, and Korea.