Search results for home mortgage loans
Finance
Hana Bank temporarily suspends new non-face-to-face mortgage lending
Hana Bank will temporarily halt new non-face-to-face home mortgage lending to strengthen management of household loans. The suspension adds mortgages via online channels to its control measures, following limits on unsecured credit loan ceilings and a temporary halt to new sign-ups for mortgage insurance. The bank said the step aims to manage household lending efficiently while maintaining stable financial supply focused on end-users.
Finance
Financial watchdog to revamp bank CEO renewal process, expand National Growth Fund to 200 trillion won
South Korea\'s Financial Services Commission plans to overhaul financial sector governance, including changes to the process for renewing chief executives to block long-term control built on friendly boards. It also plans to expand the National Growth Fund to 200 trillion won and pursue a full lifting of network separation rules to support productive finance and artificial intelligence transformation. The FSC also outlined steps on inclusive finance, regional policy finance and capital market reforms.
Finance
Banks to apply step 2 stress DSR to non-capital mortgages in second half
South Korean banks will continue to apply the step 2 stress DSR standard to home mortgage loans outside the capital region in the second half of this year. Mortgages in the Seoul metropolitan area and in regulated zones will be assessed under the step 3 standard, while regional mortgages keep a more relaxed stress-rate approach. The Korea Federation of Banks said the step 2 standard applies from July 1 to Dec. 31 under revised administrative guidance.
