The sale of MBS, issued by the state-run Korea Housing Finance Corp. (KHFC) to securitize the home-backed debts owed by households to lenders, amounted to 4.8 trillion won (4.1 billion U.S. dollars) in the January-March quarter, down 12.7 percent from a year earlier, according to the Financial Supervisory Service (FSS).
The double-digit reduction came as the mortgage loan reduced on the government's measures to curb speculative investment in the real estate market.
Including the MBS, the sale of asset-backed securities (ABS) dipped 5.8 percent over the year to 9.8 trillion won (8.5 billion U.S. dollars) in the March quarter.
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