EghtesadOnline: The entry of new banks in the housing sector–formerly monopolized by Bank Maskan–will foster competition and lower mortgage rates, a member of Majlis Development Commission said.

EghtesadOnline: A board member of Iran’s main housing mortgage bank says it will issue 100 trillion rials ($3.17 billion) worth of mortgage backed securities (MBS) in the fiscal year that ends in March 2017. The measure would be the second of its kind this year which saw $95 million worth of the securities sold in a short time.