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Pan Asian's management share their professional viewpoints on a variety of topics related to Hong Kong's mortgage market and the financial services industry, read more to browse on their publications
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SMART1 November 2008 Securities Report released
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Company Profile
Pan Asian Mortgage Company Limited is a Hong Kong based innovative financial services company, specializing in mortgage origination and capital market financing.
Since 2002, Pan Asian has been providing innovative products to Hong Kong home owners, including the negative-equity mortgage refinancing in 2002, the 95% LTV mortgages in 2004 and the 99.9% LTV mortgages in 2005. Working with the partner-banks as well as via its own sales channels, Pan Asian has successfully provided innovative product solutions and services to address the needs of various under-served market segments. The Company's mortgage origination teams comprised of sales, channel management, product & marketing and credit risk management professionals strive to provide premier mortgage services to our customers.
With the mortgage portfolio that it originates or acquires, Pan Asian sponsors securitization programs for raising capital from the international capital market. A $1.25 billion negative-equity mortgage portfolio was securitized in December 2004. The Company's finance team specializes in warehouse financing, portfolio structuring, and securitization of asset-backed portfolios. The breadth of its expertise spans across deal structuring and modeling of various asset classes; mezzanine and equity financing; master mortgage servicing; trust administration; portfolio risk management; and the marketing and distribution of asset-backed securities to institutional investors.
Milestones
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May 2002
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- Subsequent to the Asia financial crisis and during the post-1997 property market correction period, Pan Asian launched Asia's first negative-equity mortgage refinancing program ("SuperFirst 140 Program") with CITIC Ka Wah Bank Limited and Public Bank (Hong Kong) Limited (previously Asia Commercial Bank).
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Dec 2002
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- The SuperFirst 140 Program successfully closed HK$1 billion mortgages within the first few months.
- The Company launched Trade Option Scheme as a product enhancement feature.
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Jun 2003
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- Unemployment Insurance Scheme was introduced in response to the customers' needs during the SARS incident.
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Jun 2004
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- Working with the Wing Hang Bank Group, at the beginning of the property market recovery, the Company successfully launched Hong Kong's first 95% LTV mortgage program ("SuperFirst 95 Program") with two major developers, New World Development Co. Ltd. and Cheung Kong (Holdings) Ltd.
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Dec 2004
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- Pan Asian completed its inaugural securitization program of HK$1.25 billion negative-equity mortgages with Standard Bank Asia as the Arranger and Underwriter.
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Feb 2005
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- Working with the market leader Centaline Property Agency, Pan Asian launched the first 99.9% LTV mortgage program ("SuperFirst 99.9% Program"), which remains the only such product in the Hong Kong market.
- Wing Hang Credit Ltd signed up as a partner bank for the SuperFirst 95 Program.
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Aug 2005
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- Pan Asian developed a "non-bank" distribution channel concept and established a dedicated Direct Mortgage Sales team to cover new sales & distribution channels, supported by on-going marketing initiatives and order fulfillment processes.
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Feb 2006
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- Working with the Wing Hang Bank Group, Pan Asian launched a dual products scheme by combining home insurance service to the mortgage scheme in enhancing value to customers' home purchasing decisions.
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