Pan Asian Mortgage Company Limited

Pan Asian Mortgage Co. Ltd. (“Pan Asian”) is a Hong Kong based innovative financial services company specializing in mortgage origination; mortgage-backed asset securitization and capital markets financing. Founded in 2002, Pan Asian specializes in originating residential mortgage loans and structuring the asset backed loans for securitization. Under the SuperFirst Mortgage Financing Programs, the company has been focusing on the Higher Loan-to-Value (HLTV) mortgage market segment using normally-priced mortgage products with first ranking security. This innovative business model has provided Hong Kong homeowners with “one-stop shopping” mortgage financing options at an affordable rate, as well as providing high quality mortgage security for our financing banks. Ultimately, these mortgages will be value-added and transformed into fully collateralized (secured) instruments for investors who are interested in taking a stake of the low credit risk and with a Hong Kong property as collateral. Our SuperFirst Program has processed and assessed over HK$20 billion (US$2.8 billion) worth of mortgages, approved around HK$14 billion (US$1.8 billion) worth of residential mortgages in Hong Kong through two unique co-financing programs – the 140% LTV Negative Equity SuperFirst Mortgage Refinancing Program and the 95% LTV SuperFirst Mortgage Financing Program. The former was securitized in 2004 with rated mortgage-backed securities by both Standard & Poor’s and Moody’s and fully redeemed in 2010. Up to 2013, HK$3.15 billion (US$400 million) worth of 95% LTV mortgage loans have been fully repaid by our customers within last four years from the first draw down of the mortgage loans. The excellent repayment history of our customers is illustrative of our exemplary underwriting skills and credit assessment ability.