Commercial Bank mortgage business after the sudden decline

Bubble-led Bank initiative "interest rate" China Securities newspaper reporter interviewed a number of banks to understand that after the Spring Festival Commercial Bank mortgage business suddenly fell or even near stagnation, some bank sales department after the spring Festival "Harvest", "small Yangchun" market is not present. Since February, the number of mortgages in single-digit, basic one day to meet a single.　　"said a bank loan Account manager. Analysts said that on the one hand, the real estate market credit tightening signs more and more clear, banks increased the selection of high-quality mortgage customers; On the other hand, under the guidance of Commercial bank differential credit policy enforcement, the floating mortgage interest rate is becoming a trend, the rising cost of homebuyers makes them choose to wait and see, "　　Home loan inflection point or property market inflection point. After the end of the holiday loans to banks related people said that after the spring Festival, the number of customers to apply for personal housing loans is shrinking sharply.　　On the other hand, as banks have adjusted their mortgage concessions, the difficulty of approving loans has increased. Mr. Han, a home buyer, has just graduated from college, and the normal commercial loan will be approved in about 2-5 working days, and he has submitted a list from the year before and is still briskly. "Before the festival heard that regulators are now regulating bank lending programs, many banks do not have mortgages." I did not think that the beginning of the Lunar New Year, my application loan Bank canceled the mortgage rate of 70 percent discount, so that my purchase cost suddenly rise.　　"The Bank professionals to Mr. Han calculate a sum, 1 million of personal housing loans, in accordance with 20% down payment, loan period of 30, after the interest rate adjusted to 0.85 times times the base rate, the total amount of interest will be increased by more than 150,000 yuan, each month, Mr. Han will spend more than 425 yuan.　　And even more troubling is that the bank has explicitly asked Mr. Han to increase the down payment ratio, since the monthly repayment amount should exceed 50% of his monthly income. The bank said Mr. Han needed to pay down a down payment to the developer and then apply to the bank for a mortgage again.　　And his account manager said that even if he added a down payment, whether the loan would be approved, and that the loan interest rate would be able to give a few discount is still unknown. More people said that the same is the application for housing loans, many banks also began to select customers, a higher down payment ratio, a good personal credit record, or even a bank VIP customers, the bank may give priority to the loan. For example, the construction Bank of its VIP customers gave a clear care, that is, the first bank of the bank's VIP customers to carry out the corresponding level of interest rates on the basis of a further 0.1 times times, that is, the original grade implementation rate of the bottom line and then hit 90 percent.　　In this way, if it is a high quality buyers who hold the CCB Platinum card, they can theoretically enjoy nearly 70 percent of the interest rate discount.　　CCB insiders said that this will help to improve the level of personal housing loan interest rate and comprehensive rate of return, according to the principle of matching risks and benefits, to enhance the CCB's differentiated pricing capacity. 70 percent interest rate basically extinct China Securities News reporter from a number of bank branches, branches learned that the recent period of time, the number of applications for housing loans is suddenly reduced. "And LastAt the end of the hot market compared to the current number of applications for mortgage is very small.　　"The Beijing branch of a large commercial bank said that since the Spring Festival, only received a list of 2 mortgage business, which was almost unimaginable before."　　In this respect, a state-owned large banks, the head of the credit department pointed out that the interest rate adjustment on the market is showing the lethality, the cost of home purchase makes the market wait and see mood become strong. Some banking industry insiders told reporters that the Beijing market now 70 percent of the basic rate of extinction.　　After adjusting the 70 percent interest rate before the Chinese New year, such as Everbright and deep development, many small and medium-sized commercial banks have followed up after the festival. A joint-stock bank credit Department of the responsible person, the bank after two times after the adjustment of the individual housing loan rate of preferential rules.　　According to earlier versions, for customers who pay more than 40% down payment, they can have a minimum rate of 70 percent for the first or improved housing, while a 20% down payment can only get a 85 percent discount. But in a few days, "the head office will be the system of mortgage rates on the downward limit set to only allow 15%, that is, even if the down payment ratio reached 40% and above, individual application for housing mortgage can only hit to 85 percent." "Mortgage tightening has become a general trend, even if some banks have not issued interest rate adjustment documents, but the housing mortgage loans in the approval of the time is very strict." "Now policy can be adjusted at any time, anyway, we can do is to persuade customers to apply early, and perhaps to catch the last bus 70 percent discount."　　"said a bank account manager.　　But there are also insiders said that even if the bank did not adjust the 70 percent interest rate preferential policies, but most of them are "in a non-existent", the general buyers are basically unable to enjoy. "In the case of tight credit resources, it is understandable that banks are raising interest rates." Some 70 percent of the interest rate is approved, which is mostly related to the key customers that the developers or banks need to maintain.　　"The expiration of a sum of the cancellation of interest rate concessions may have been expected for the market, but the impact on the real estate market is still more intense credit resources." However, some bank officials said that personal housing loans have become a chicken.　　Taking into account factors such as labor costs, the 70 percent interest rate is almost unprofitable to banks, so that banks are now very strict approval, or even 70 percent discount loans, put a limited amount of money elsewhere to increase asset efficiency. As of 25th, the reserve requirement rate was raised again by 0.5% per cent, the second time this year that the central bank raised domestic reserve requirements. Industry insiders said that as the central bank tightened liquidity, and regulators to raise capital adequacy ratio, now many small and medium-sized commercial banks are very tight credit card, dare not easily increase the proportion of risky assets.　　January of Blitz lending, many points, branches of the year's quota has been squeezed out, now can only be the day of the amount of space to continue lending. "This has greatly increased the difficulty of approving housing loans. "Some banking industry insiders pointed out that because of the tight line of credit lines, the leader will generally" cage ", asked to be vacatedCredit resources to the company's class of high-quality customers tilt. From the perspective of bank profitability, corporate loans are now basically maintained at the level of benchmark interest rates, and even private enterprises with weaker individual premium capacity, banks will have to increase the lending rate of 10% or so, but the housing mortgage loans, interest rate of about 20% downward, which is obviously not conducive to commercial banks to expand spreads,　　Improve its own profitability. Raise interest rate "safe haven" since 2009, the Credit fund has entered the real estate market massively, accelerated the market recovery. Credit in the real estate market now accounts for nearly 30% of total credit. Among them, since last year, residents ' long-term loans increased by 2.04 trillion yuan, accounting for about 19% of all new loans.　　In addition, since last year, the monthly new residents of long-term loans to maintain a basic trend of increase in the proportion of new loans continued to expand.　　According to international experience, with the increase of the concentration of bank loans in the real estate industry, especially the bank's imprudent behavior and the impulse lending, the financial risks will become more and more prominent. The gradual rise of house prices in the process of property bubbles often leads to the simultaneous increase of non-performing loans of banks. At the end of 2009, regulators have asked banks to conduct a real estate credit service from November 1, 2008 to October 30, 2009 to eliminate risk. In the first quarter of this year, the CBRC held the economic situation analysis, the real estate credit growth behind the risk is "most".　　Analysts say this may be linked to the pressure test results that are being carried out inside commercial banks. China Securities News reporter learned that, such as BOC, CCB and other mortgage business accounted for a relatively high state-owned large commercial banks, has begun to properly compress the proportion of mortgage business.　　A bank of the people told reporters, now the first-tier city's real estate bubble has been more obvious, in order to prevent possible risks, the bank more value for the two or three-line City real estate market business expansion. With the rapid contraction of the real estate market, some joint-stock banks have shown some interest in the real estate industry. A joint-stock bank credit department head bluntly, this year will be real estate loans as the focus of business expansion. The proper exit of large state-owned commercial banks has created market space for the entry of small and medium-sized banks. "He said that before our bank real estate loans accounted for only about 10% of the proportion of loans, the whole line is ready to use this opportunity to seize market share." For the risk contained in the real estate market, the official said, "Now the bank is also take a step to see if the two sessions, the real estate market adjustment, our plan will change." ”