Property loans account for 20% of national loan developers

Liu Zhanhu Han Tingting in the context of rising housing prices, the total amount of domestic loan business 20%, has always been considered a bank of good assets of real estate loans, will be increasingly strict supervision.　　The CBRC's top brass said at a news conference yesterday that it attaches great importance to the risk of real estate development and personal mortgage loans, and will take multiple measures to prevent it. Credit easing was seen as the main driver of the 2009 domestic housing boom.　　　　The National Bureau of Statistics shows that as of last November, the real estate industry to obtain the sum of development loans and personal mortgages has reached 1.6 trillion yuan.　　Wang, vice chairman of the CBRC, said that up to now, real estate development loans and personal housing mortgage loans have accounted for the increase in domestic loans and the entire loan balance of about 20%. It is because of the huge amount of real estate loans in case of trouble, the banking sector will be the first.　　　So far, the asset quality of real estate development loans and personal mortgages has remained stable, Wang said, and continued to maintain a double decline in non-performing loans and non-performing loan ratios by the end of the third quarter of last year. He said that the second set of housing should strictly adhere to the first Shengcheng number is not less than 40% of the requirements, but also to the individual housing applicants for effective investigation, verification, and strictly implement the interview face sign system.　　At the same time, the individual housing mortgage loan applicant's income and repayment status and the record of the repayment of the corresponding investigation.　　Monetta industry analyst Wang Yu that this means that two sets of mortgage policy has been completely tightened, without leaving any loose caliber.　　Mu Huibung, director of the Financial markets division of the central Bank, also said that Kwok 4th proposed to increase the implementation of differentiated credit policies, requiring two sets of housing loan rates to be priced in strict accordance with risk, mainly to protect against credit risk. A local city firm executive told the first financial daily that bubbles in the property market had sparked close scrutiny from banks.　　Real estate development loan because of the land as collateral, and loans are issued according to a certain amount of mortgage, the bank is generally regarded as a higher security of credit. However, the rapid rise in house prices has increased the risk of mortgage loans, strict adherence to the two housing policy can not only strengthen the bank risk prevention, but also the key to curb speculation.　　"The executive said. The calculation of CIC's securities shows that, according to the 40% down payment, the interest rate is 1.1 times times the benchmark rate to buy two suites, the cost of home purchase will be higher than the first purchase cost 15.71%.　　In the current part of the city housing prices rise too high in the background, the banks strictly enforce the two housing loan policy, will directly reduce the leverage of the house. "At present, under the pressure of supervision, the banks have clearly tightened two sets of mortgages, down payment is not flexible."　　"A joint-stock bank in charge of the mortgage department told the newspaper, this is also the end of last year, the reasons for the raids on the loans.　　Expected interest rate rules However, the other hand of the two-house mortgage policy--the interest rate on loans--is still unclear. State Council on promotion of real estate marketStable and healthy development of the notice, the loan rate is strictly based on risk pricing.　　Mu Huibung, director of the Financial markets division of the People's Bank of China, said yesterday that commercial banks should set their own prices according to the borrower's credit level according to the position of the real estate and the liquidity of the mortgaged property. But there is no policy definition of "how to price risk".　　Wang Yu that the next phase of the policy would require regulatory authorities to give more specific rules on loan interest rates, expecting the corresponding documents to be issued soon, and the possibility of "two mortgage rates changing at a slightly different rate from the previous benchmark rate of 10%." "At present, the two-pack mortgage policy is equivalent to the interest rate, left the bank a survivor, a can be a little explanation of space." "The head of the joint-stock Bank believes that the mortgage is still an important profit support point for the bank, business promotion will exist in two directions."　　　　First, the interest rate on the basis of lower interest rates to win customers; second, it is more flexible in the design of loan products, such as the combination of personal credit loans and mortgage products to consumers, through the product of the intersection, packaging, to achieve overall revenue promotion.　　Housing Enterprise Capital Channel tightening in addition to the normal way to enter the property market credit, to help push the property market soaring and those illegal access to the property market credit.　　The ministry said yesterday, with the real estate market supply and demand relationship and price changes, individual housing loans disorderly competition, illegal lending and other problems occur, the credit funds violated the real estate market and other acts of the rise, and continue to strengthen risk prevention and market supervision. In yesterday afternoon's "National Chamber of Commerce 2010 New Year Forum", China Minsheng Bank governor Hong Qi also revealed that in the past many loans are often transferred to buy land or the hands of developers, this situation should be eliminated in 2010, in the strengthening of real estate credit risk management policy issued,　　will be diverted to some of the real estate capital channels to block death. Will this pose pressure on the capital flow of the housing companies?　　Hong Qi that the possibility can not be ruled out, although 2009 developers sales are very hot, operating cash flow is very abundant, but high prices and the government's regulatory policy will make 2010 years of real estate sales facing the test, business uncertainty increased. Out of these two channels of funds, developers in the capital market financing will also add a threshold. Hong Qi that, in addition to real estate credit, the Ministry of Land and resources to cooperate with the CSRC to apply for IPO approval also shows that the securities market real estate financing more stringent.