mortgagee

"So not the news mortgagees would be looking for, but I don't think inflation is going to fall quite as fast as we had hoped."

Rises in Hong Kong mortgage rates that began last year have compounded troubles for developers and mortgagees.

SQM Research said property advertisements with phrases like "mortgagee in possession" or "bank forced sale" hit a record low of 5,500 in April, the month before rates began rising, from about 15,000 pre-pandemic.

“That lets you get around a lot of the stuff we have these days protecting mortgagees because of Covid.”

That could potentially make the Fed a mortgagee to real estate investment trusts, private equity firms and other property investors.