Mongolian Mortgage Corporation HFC LLC (MIK) was established in 2006 by the Bank of Mongolia and ten commercial banks to develop Mongolia's secondary mortgage market. The Company purchases residential mortgage loans from commercial banks and finances them through the issuance of residential mortgage-backed securities (RMBS), supporting long-term housing finance and improving liquidity in the banking sector. MIK plays a central role in the development of Mongolia's housing finance system and capital market.
