As a refinanced mortgage loans

While the refinancing of mortgage loans in Russia is engaged exclusively AHML. According to the 100 credits to date features are interested in mortgage refinancing loan of about 70 agencies working in the mortgage market, or are planning to leave him. In the portfolios of private banks, mortgage loans are typically the most part long-term assets. They are funded, usually at the expense of short-term funds, so the banks are interested in refinancing a mortgage. And if the crisis until it was possible to attract funds from abroad, or use the money to other credit institutions, in 2008-2009. the only real source of refinancing funds were AHML. While earlier the main activities of the Agency's purchase of mortgages from lending institutions, today HMLA provides six core activities. In addition to direct refinancing of mortgage loans, HMLA provides guarantees on securities issuance for refinancing with the Central Bank or VEB. At the same mortgage loans from several banks may be combined into a single pool. In addition, the HMLA banks can obtain loans secured by mortgages, and funds for lending to construction companies under the "Stimulus". Structure of the Agency shall also refinance troubled mortgages (through AIRZHK) and mortgage insurance. In this group of large banks or banks can collect on the balance of a pool of 3 million rubles have the opportunity to design AHML guarantee securities issued by during sekritizatsii. Later on bonds purchased by Vnesheconombank, or by the Agency. Smaller banks can get a loan secured by AHML granted mortgages to issue an advance payment for the provision of future loans and sell bonds on the mortgage. However, the volume of foreclosures HMLA has no plans to step up. In the future, the introduction of several additional refinancing. At present, work is being HMLA with public funds. They are still the only source of mortgage refinancing. One can only hope that with improving economic situation, the market will go the other players willing to provide funds to fund long-term loans.