Subsidised mortgage lending programmes offered by developers at extraordinary low interest rates (as low as 0.01% p.a.) may involve risks for both borrowers and banks, and the financial system in general, according to the consultation paper prepared by the
Therefore, this may entail the application of additional measures to regulate such mortgage programmes.
On the face of it, the developer subsidised mortgages seem beneficial for citizens due to lower monthly payments. However, the price of purchased property turns out to be substantially exaggerated. When forced to sell an apartment (for example, in case of a loss of income or after relocation), individuals will be hardly able to do so without a loss, i.e. the amount of proceeds may not be enough to repay the loan. Moreover, it will be more expensive for a borrower to pre-repay this loan than a conventional mortgage. A number of banks, in turn, may underestimate interest and credit risks. Furthermore, artificially high prices may confuse the entire market.
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Emerson Schedules Fourth Quarter 2022 Earnings Release and Conference Call
All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson's website at www.Emerson.com/en-us/investors and completing a brief registration form. A replay of the conference call will be available for three months following the webcast at the same location on the Emerson website.
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