Ahead of its 20th anniversary, the Mongolian Mortgage Corporation HFC LLC (MIK) has successfully completed its 40th Residential Mortgage-Backed Securities (RMBS) issuance.
Under the license granted by the Financial Regulatory Commission, MIK pooled and purchased mortgages issued by commercial banks to launch the RMBS. The issuance features a total value of MNT 748 billion and a maturity period of up to 30 years.
This 40th RMBS portfolio includes mortgage loans of 6,181 households:
Ahead of its 20th anniversary, the Mongolian Mortgage Corporation HFC LLC (MIK) has successfully completed its 40th Residential Mortgage-Backed Securities (RMBS) issuance.
Under the license granted by the Financial Regulatory Commission, MIK pooled and purchased mortgages issued by commercial banks to launch the RMBS. The issuance features a total value of MNT 748 billion and a maturity period of up to 30 years.
This 40th RMBS portfolio includes mortgage loans of 6,181 households:
