The program to restore the mortgage market, which is realized via VEB, was more in demand than expected at its launch. Less than six months, VEB has received bids from banks for all the 150 billion rubles. From the Government for this purpose. Program funds are exhausted, and will soon accept applications from commercial banks will be suspended. As told "Kommersant" Deputy Director of Investments and financial advisory services "VEB Capital" Ilya Belyaev, within the framework of Vnesheconombank to refinance mortgages from commercial banks received applications for 130.5 billion rubles. And as soon as the limit of the program (150 billion rubles. ) will be selected entirely through the application of even a single organization. To date, nine have already been approved applications: Savings (at 30 billion rubles.) Gazprombank (30 billion rubles.), The Agency for Housing Mortgage Lending (AHML, at 25 billion rubles.) Bank "Uralsib" (20 billion rubles .), Khanty-Mansiysk Bank (7 bn.) Investtorgbank (6 billion rubles). VTB 24 (5 billion rubles.) bank "East" (by 5 billion rubles.) Bank and housing finance ( 2.5 billion rubles).. In the near future to obtain the combined application of several regional banks through the Association of mortgage companies by 19.5 billion rubles. Told Mr. Belyaev. After that, acceptance of applications will be suspended. Mortgage refinancing program VEB was adopted in March of this year on behalf of the government to stimulate housing construction and activation of the mortgage. The program will invest EBV (150 billion rubles.) In mortgage bonds to be issued by a bank or AHML on loans for housing under construction or flats in certain circumstances.
Thursday, December 1, 2011
The new trick AHML: It is unlikely that will increase the demand for mortgages
From August HMLA expanding channels mortgage refinancing. As CEO, said yesterday the agency Alexander Semenyaka, now it will not only buy mortgage loans from partners, but also lend to banks against collateral of mortgages. Experts point out that lending will be less profitable for HMLA than refinancing. They also questioned the effectiveness of the new tool and is not shared expectations HMLA that counts with a new type of credit refinance to increase this year by almost 30% to 65 billion rubles. Banks to lend to HMLA will not bail all mortgages, but only those whose loans are issued by the agency to new programs, "Variable Rate", "maternity capital" and "low-rise housing." "For example, the" Variable Rate "means the binding rate on the loan for refinancing, plus 2%", - says Alexander Semenyaka. Thus, the interest rate on credits extended by AHML will reduce to 9.75%, which should stimulate growth in demand for mortgages. The scheme of the same bank lending HMLA program "variable rate" looks like this: a regional bank issues a mortgage at an interest rate 9.75% and is taken by the Commission for the issuance of $ 1-1.5% of the loan amount. Further, the loan is fully refinanced by another bigger bank, which accumulates a pool of such loans. And this big bank takes a loan at a rate of HMLA 6.75% (the refinancing rate minus 1%) secured 90% of the accumulated pool. As a result, a large bank is a margin of 3% and the share of the pool at 10%, which eventually will be able to securitize and to sell on the market.
How to remove the mortgage encumbrance, unless the creditor has disappeared?
It is no secret, there are mortgage customers who are secretly hoping that the bank that issued them credit for an apartment, or other public entity-creditor "burst", and will pay more than anyone else. "This is a joy!" - Think short-sighted borrower. But no such luck. Lender may not be, but encumbering the mortgage on the house will remain. Today we learn what can be done in a similar situation. If there is no one to pay in this outwardly seems to be "comfortable" position turned out to Olga Andreyevna. About ten years ago, she decided to take out a mortgage for an apartment of "Gen-Credit." Accordingly, the lender is not a bank, and the company. Fearful of any fraud, Olga Andreyevna even got a job in the company to work to get credit as a collaborator. She felt that it gives more guarantees that the house will be safely constructed and a new apartment will go into her property. First time buyers of new housing even had to stay in a hostel, paying the loan until such time as the long-awaited move has not happened. In this sense, the company is a creditor it did not disappoint: Olga Andreyevna properly brought loan payments and lived in the apartment (although burdened with a mortgage). When the pay was only a year, strange happened: the bank through which the borrower to the creditor money translating, suddenly turned to translation - in the absence of such a legal entity and the invalidity of his bank details. As a person educated, Olga Andreyevna realized that this so easily stop paying on the loan can not be, otherwise it breaks the terms of the loan agreement.