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Loan Modification
: Mortgage Lender Implode-o-MeterChina to Limit Credit to Counter Property Speculation
By Implode-Explode Heavy Industries
China will limit credit for some home purchases to reduce speculation and rein in surging prices, Housing Minister Jiang Weixin said.
The nation will ?further restrict credit for the purchase of second homes and curb speculative housing investments,? Jiang said in a statement on the ministry?s Web site today after an annual work meeting. He didn?t elaborate.
Full post as published by Mortgage Lender Implode-o-Meter on January 06, 2010 (boomark / email).
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