Banks transiting mortgage-backed consumer loans to suspend three mortgages

According to the Shanghai Securities Daily September 10, a number of banks in Shanghai transiting "mortgage consumer loans" for the third set of mortgage lending methods have been halted.　　reported that ICBC Shanghai branch of the 8th this month has made it clear that the mortgage consumer loans for the business of the overall suspension of processing, and a number of former can play the edge of the bank has also stopped the business.　　After the suspension of the third suite of loans in Shanghai, a number of state-owned large, joint-stock banks are still playing a policy "edge", in the third set of mortgages can be transiting "mortgage consumer loans", that is, through the existing property for mortgages, mortgage consumption loans to carry out a third set of mortgages, provided that the mortgaged housing no loans or loans have been paid off. The report quoted Han Jianjun, general manager of the Chinese division of the China Swallow Group, as saying that the first set of mortgages is also facing tightening pressure. "Now the first suite can only borrow a minimum of 72 percent, 75 percent discount rate, may soon be able to lend to 80 percent." Han Jianjun said that this is not only because of the impact of macro-control policies, the end of the regular tightening of monetary policy is also one of the reasons.