It may soon become much easier to get a mortgage in Saudi Arabia. The kingdom’s state-owned mortgage refinancer plans to significantly boost its mortgage holdings this year in a bid to boost home-buying, according to Bloomberg. The Saudi Real Estate Refinance Company plans to buy about $6.1 billion-worth of mortgages from banks — a ten-fold increase from its current holdings. That would open up space on lenders’ books to take on more mortgages. Current regulations
source https://therealdeal.com/2020/03/07/why-saudi-arabia-is-buying-6b-in-mortgages/
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