Mortgage sued for money

The mortgage market has demonstrated in the past year more than doubled compared with the previous period, from the data of the Central Bank. But most importantly, for the first time since the crisis reduced the failure of mortgage loans - in December last year, its volume decreased from 44.6 billion to 41.6 billion rubles. The volume of the 2010 mortgages in two and a half times higher than the previous year, to the materials of the Central Bank - 378.9 billion rubles. against 152.5 billion rubles. True, it is 42% less than were issued in 2008 - 655.8 billion rubles. Two major players in this market have given almost 220 billion rubles .- Savings Bank has issued mortgages worth 185 billion rubles. VTB 24 - 31.7 billion rubles. Reported in these banks. At the five largest banks account for 54.2% of the total amount of mortgage loans, on the other banks that are among the top 200 - 35.1%, follows from the statistics of the Central Bank. 2010, especially the second half, was a period of recovery of the mortgage market, says vice-president of VTB 24 George Ter-Aristokesyants. "It certainly has led to action those banks that were active before the crisis, and" frozen "in a difficult period, and contributed to the yield on the mortgage market of new players" - the expert continues. He adds that during the crisis, mortgages actually were given only Sberbank, VTB 24, Gazprombank, and several commercial banks, and now the number of active players in the mortgage market is estimated in dozens. At the same time the mortgage until December showed deterioration in the quality of service. Only in December, the volume of bad debts on mortgages ruble has fallen from 26 billion to 23.5 billion rubles., And the currency - from 18.6 billion to 18.06 billion rubles. Its market share at year end was 3.69% of the mortgage portfolio. "Perhaps the banks in anticipation of the end of the fiscal year was written off some of the bad debt from the balance of overdue - believes the head of the analytical center AHML Anna Lyubimtseva .- In addition, in December of traditional benefits some borrowers could repay arrears permitted." The same opinion was expressed, and director of retail lending Savings Natalia Karasev. "We also saw a reduction in arrears in the mortgage portfolio in December, in absolute terms - she says .- As of December traditionally has peak repayments, including early and, therefore, in this case played probably a seasonal factor." 378.9 billion rubles. mortgage loans issued to the bank in 2010, of which nearly 220 billion rubles .- Sberbank and VTB 24 But it is not just seasonal factors, said a member of the board of Gazprombank Valery Seregin. "First, the housing market began to rise in prices, and some borrowers may therefore review their payment discipline - he argues .- Second, only the end of 2009 has seen first judicial decision on the mortgage, and taking into account the length of proceedings production implementation of apartments, most likely started in the second half of 2010. Therefore, in December, banks have been able to sell the apartments and due to this write off bad loans off balance. " The crisis hit the real estate industry is stronger than all the rest, and recovery is very slow. But the rise in apartment prices in the last year has already begun, although it is only slightly higher than inflation, and rates remain the same, most likely, and this year, experts say. "But last year was made a record number of deals in the property market - said the managing director of Praedium Oncor International Michael Goetz .- Their number has exceeded 80 thousand, while the pre-crisis high was 78 thousand trades". In general, the trend perelomlen, and subsequently the amount of bad debts on mortgages will continue to decline due to an objective improvement in the economy, says Natalia Karasev.