CBRC responds to stop three sets of mortgage housing prices rising too fast area can be discontinued

The price rises too fast area can be discontinued three sets of mortgage; commercial banks have launched a real estate loan pressure test (reporter Zhao) in response to "the CBRC recently suggested that the commercial banks suspended Beijing, Shanghai, Shenzhen, Hangzhou, the third set of mortgages" report, last night, the CBRC officials said, for commodity housing prices too high, rising too fast, In regions with tight supply, commercial banks may suspend the purchase of third and above housing loans according to the risk situation.　　However, the CBRC did not point out the areas where prices were too high, too fast, and where supply was strained. Loan to buy a third suite raise interest rate the CBRC said that after the State Council's "notice to resolutely curb the excessive rise in housing prices in some cities", the CBRC repeatedly reiterated that the implementation of the relevant requirements of the State Council should not be lax and unwavering.　　For commodity housing prices are too high, in areas where the market is rising too fast and supply is tight, commercial banks may suspend the purchase of the third and above housing loans according to the risk conditions, and the ratio of the first payment and the loan interest rate should be greatly increased, which is determined by the commercial banks according to the principle of risk management.　　Beijing Commercial Bank has stopped reporters yesterday learned from several banks, the recent regulatory authorities did call the head of the Bank of the relevant heads of the meeting, in the meeting point out Beijing, Shanghai, Shenzhen, Hangzhou, the third set of mortgages to suspend; for the area not stopped, the third suite of down payment to increase, interest rates will CITIC Bank, China Merchants Bank, which is still able to handle three loans in Beijing, said yesterday it had received a notice from the head office to suspend the three-suite mortgage.　　So far, almost all commercial banks in Beijing have halted three-room loans. Citic Bank's three loan policies are: if there is no home loan before the end, the third set of loans will be lower, the proportion of the down payment to 60%, 6.5, the interest rate on the rise of 20%; If the first two sets have been settled, then the third suite down 5.5, the interest rate floating 20%.　　And China Merchants Bank's three suite policy is, you can borrow, but the down payment ratio to 5.5, the interest rate floating 15%. The commercial bank has carried on the pressure test for further grasps the real estate market fluctuation to the commercial bank real estate loan quality influence, the CBRC in May 2010 asked the commercial bank to carry on the real estate loan pressure test, analyzes under the different pressure situation (the national real estate price declines average 10%, 20%, 30%)　　The impact of commercial bank real estate loan quality. And the reporter learned from the bank of the situation is that the current bank of the housing pressure test to deal with the housing price drop of 50% likely non-performing loan rate situation, has not heard of banks on the housing pressure test to achieve a 60% drop in house prices. Some bank officials believe that China's real estate market price sharp downward is unlikely, but the decline in sales will lead to a decline in the industry's prosperity.　　In eastern China, home prices are higher, and the risk of a pullback in housing prices is greater than in the Midwest. Stress testing is one of the forward-looking risk management methods that commercial banks often use, and it is the commercial bank to improve the risk management level.needs.　　The pressure test and its scenario hypothesis should be designed according to each commercial bank's respective portfolio, risk tolerance and risk preference. Various scenarios do not represent the CBRC's judgment on the trend of real estate market, nor does it mean that real estate credit policy may change.