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Cagamas HKMC Bhd hopes to tap into existing mortgage loans in financial institutions as well as new loans for its newly launched mortgage guarantee programme.

Executive director Steven Choy said: “We intend to capture a proportion of the banks’ existing outstanding loans of RM150bil and an additional RM50bil in new loans every year.”

Cagamas HKMC Bhd, a newly formed joint venture between national mortgage corporation Cagamas Holdings Bhd and Hong Kong Mortgage Corp Ltd (HKMC), has a start-up capital of RM100mil. Read more
Courtesy: biz.thestar.com.my

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