Borrowed mortgage

The volume of mortgage debt in Russia is close to the mark of 800 billion rubles, which is almost 40% of the total capital of the Russian banking system. The share of overdue payments in the portfolio of the Agency for Housing Mortgage Lending (AHML), which occupies about 10% of the mortgage market in the country amounted to 5.34%. These figures have forced the agency to toughen standards for refinancing. As a result - to take a mortgage has become more difficult. The increase in lending in the country has led to a sharp rise in mortgage debt. According to AHML delay payments for 2006 amounted to 0.93% of the consolidated portfolio of the agency in 2007 - 4.18%, in the first quarter of 2008 - is 5.34%. "Experts predict that the share of mortgage debt in 2008 could grow to several times," told the first deputy director general Paul HMLA Voitov at a press conference on Wednesday, mortgages overdue annuity payment from 30 to 90 days was 1.8% (from the balance of principal on the 1.240 billion), with a delay of 90 to 180 days - 1.6% (amounting to 1.082 billion rubles), with a delay of more than 180 days - 1.9% (1.317 billion rubles). Until recently, Altay region led by the number of loans. However, the level of arrears in the region has exceeded 6%. And in the Republic of Bashkortostan, the figure was 9%. A similar pattern is observed in the 30 regions. And despite the fact that "normal" share of no return, even taking into account technical defaults shall be not more than 1%, experts say. With regard to consumer loans in general critical mark today is 10%. Many media previously called a high level of arrears of the population collapse caused in some parts of the Agency for Housing Mortgage Lending. However, Paul Voitov denied the suspension of work with regional partners because of defaults on mortgage loans. "Not with any of our partners, we will not forsake. Programs do not stop, loans continue to be issued, "- he stressed. Experts predict that the proportion of mortgage debt in 2008 may increase by several times. However, until late on loans for apartments can not be considered problematic. According to the Director of Legal Department AHML Anna Volkova, the agency prepares to 20-22 weekly claims for recovery of the mortgaged property mortgage in court. However, before the court ultimately reaches no more than 10%. "The majority is repaid by the borrower to court voluntarily," - she explained. Along with this, as Paul was replaced by Voitov, in March 2008, the rate of delinquency has decreased by 0.05 percentage points - from 5.39 to 5.34%. "Reduction, maybe not so much, but I think that this decline - the tendency to reduce the delay as a whole", - he said. To combat the overdue HMLA tightened requirements for mortgages. The new rules include limiting the number of co-borrowers to three persons. The participation of the other spouse in a transaction will be mandatory, and participation of minors will be possible only after the approval of the guardianship. According to the news agency "Finmarket", is now not subject to repurchase loans for the purchase of the rooms. Credits for the purchase of an apartment house will be refinanced if along with it will be laid plot, owned by the borrower. HMLA be able to refuse to refinance if the first 2 months of service credit were overdue, and if the rest of the borrower to contribute to a delay longer than 30 days. Revenues in the form of state subsidies, dividends, and the cost of purchasing expensive things will not be accepted in support of the solvency of borrowers. In addition, the HMLA will refuse to refinance the banks, which issued the loan without the borrower to provide information on wages in personal income tax certificate or a certificate on a special form of the agency. In this sense, innovation is nothing good to ordinary borrowers will not do. Get approved for a mortgage deal will not only difficult but also more expensive. Paul Voitov does not preclude a future increase in mortgage interest rates.