Search results for mortgage insurance
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
PG firms team up to block fraudulent payments, rate hike fallout in focus
South Korea\'s fintech sector is expanding payment infrastructure while strengthening security and user protection. The Financial Supervisory Service and the Korea Fintech Industry Association launched a consultative body with major payment gateway firms to curb suspicious transactions. The Bank of Korea raised its policy rate to 2.75 percent, the first hike in 3.5 years, prompting tighter household lending management. Authorities also plan higher deposits and trading units for single-stock leveraged ETFs.
Finance
Korean banks tighten household loans, cut mortgage limits and strengthen controls
South Korean banks are tightening household lending after the biggest year-on-year rise in bank household loans. KB Kookmin Bank capped home purchase loans at 300 million won and cut limits in the Seoul area and regulated zones. Shinhan Bank halted new mortgage applications via loan brokers and suspended new mortgage insurance sign-ups. Regulators are also expanding oversight, summoning regional banks to review compliance with household debt targets and second-half plans.