The CBRC has asked that speculators not be given mortgages

A bank in Beijing has a two down payment to 60% yesterday, the chairman of the CBRC said at the Boao Forum for Asia that many hot money or speculators would enter the real estate market, so it is necessary to make a difference in the down payment and the price negotiation between the two houses, and now the banks in Beijing have been carrying out two units and above 60%　　Down payment.　　However, the CBRC then issued an urgent message to the media, said that the Boao Forum text broadcast on the president, "some of the city two suite down payment to pay 60%" statement is wrong.　　In a Netizen survey conducted yesterday by the real estate China network for the 60% down payment for the second suite, 65% of netizens (already home buyers) said they would not buy a house. CBRC raises the risk of a down payment the CBRC said some commercial banks are now cautiously assessing the risks of two and above, such as some banks in Beijing have taken the initiative to raise the down-payment ratio of two and more to 60%. The CBRC has asked households that have used loans to buy homes and apply for more than a second set of homes, with a down payment of no less than 40% per cent and a loan rate that is priced at risk. Banking institutions should increase awareness of risk, not speculative investment in housing loans.　　If cannot judge, then should raise the loan the first payment proportion and the interest rate level greatly, enlarges the differential credit policy execution intensity. Mr Liu said yesterday that many hot money or speculators would enter the real estate market, such as in Beijing, Shanghai and other place to buy dozens of housing units.　　But the first set of housing is generally relatively safe, so it is necessary to distinguish between a set of housing, two-suite credit policy, and the requirements for down payment, the price of interest rates and other aspects must be different. On home mortgages, Mr Liu said the risks were relatively small as long as banks looked at the assessments and relied on their experience. All banks must be interviewed by lenders.　　Avoid letting borrowers subcontract mortgage loans to developers or agents. "As a banker and bank regulator, we have to be vigilant and pay attention to the down payment." The second housing must reach 50%, 60%, which is reassuring to us.　　"said Liu.　　A number of bankers told reporters that there is no clear document and instructions for the two suite down payment to increase to more than 50%, but only for the credit audit to strengthen the loan for more than one suite of customers to raise down payment.　　Industry perspective down payment is the agent dose industry analysis points out that, even if not rigid requirements, but it is clear that the CBRC to two sets of mortgage payment regulation of the determination is very obvious, two sets of mortgage down payment has continued to rise possible. However, Gold Rock, chief economist at National Gold Securities, said in a media interview yesterday that raising the down payment to more than 50% per cent was not a rational policy, meaning that the risk of a 40% drop in house prices was the result of risk control. He said that when the value of house price is lower than the loan, the lender becomes the person of negative equity, the bank is unwilling to turn itself into negative equity holders, if given 60% of the two down payment, is tantamount to all the investors issued a warning, housing prices in the near futureCould fall more than 40%. Yang Shaofeng, general manager of the Quartet real estate brokerage company, said that if the second suite of the first Shan to more than 50%, the demand for the property market will be a dose of dose, there will undoubtedly be a rapid cooling of today's overheated property market. He also said that the real estate industry is to calm down, especially those in the industry has a higher share of developers, do not blindly raise prices, otherwise, short-term profiteering will certainly make the entire industry pay a painful price. Newspaper reporter Xiong