【明報專訊】THE HONG KONG MORTGAGE CORPORATION (HKMC), a subsidiary of the Hong Kong Monetary Authority, will launch a pilot scheme on reverse mortgage in the first half of 2011. Under the scheme, a citizen who is 60 or above may use his self-occupied, mortgage-free residential property as collateral to enter into a reverse mortgage loan in return for a stream of annuity payments for the rest of his life. His mortgagee bank may repossess the property upon his death.