Interest rate discounts make banks lose 70,000,000,007 discount mortgage lenders do a losing business

Recently, a number of bank executives said: 70 percent mortgages let banks under the break-even line, banks do is a loss of business.　　Banks are likely to raise lending rates to ensure profit margins.　　Mortgage discount cost is greater than earnings April 23, the Bank of China to stop 70 percent discount home loans, announced that when the rate adjustment method expires, the first set of stock, two sets, three sets and above the floating rate of mortgage rates adjusted to the benchmark rate of 0.85 times times, 1.1 times times and 1.2 times times respectively. Industry insiders said that because 70 percent of mortgage loans in essence can not create profits, BOC's practice may attract other banks to follow up.　　Liu Jianjun, general manager of China Merchants Bank's retail banking department, said the bank would also consider following the increase in existing mortgage lending rates. Wang Shihao, vice president of Shanghai Bank, told reporters that the long-term deposit cost of commercial Bank is about 3%, operating cost is about 1%, business tax is 0.2%, the sum of the three is about 4.2%, higher than 70 percent mortgage rate, which means more cost than income. In addition, the costs incurred by the loss of bad debts and capital consumption are borne by the banks in vain.　　He predicts that the bank's interest loss, which is caused by a discount on the stock of mortgages, is about 70 billion yuan. Likely to raise interest rates analysts pointed out that in 2008 after the international financial crisis, the banking industry generally believe that the crisis lasted longer, long-term interest rates may continue to be depressed, so in 2009 released 70 percent of billions of mortgages, the macroeconomic rapid rebound, inflation rising, the cost of capital all the way up, The huge loans released last year have become a big burden for banks.　　As a result, the cost can only be shifted by raising interest rates on the mortgage. A property sector Personage said that if the interest rate from 70 percent to 85 percent, will increase the borrower's repayment costs.　　Some lenders may face the problem of insolvency, or even the possibility of a break. In this respect, commercial banks have said that, assuming that buyers stop the monthly supply, the bank has the right to recover the property and auction, if the proceeds of the auction can not repay the mortgage, then the buyer still has the repayment obligation. In accordance with the general rules of civil law and previous jurisprudence of our country, if the collateral impairment, the bank has the right to require the lender to provide sufficient security, if the lender is broken, the bank can also recover from the other property of the lender of priority to be repaid.　　According to the Securities Times 0 property market, voice "any big mouth" million for who shout? In recent years, "Big Mouth" Ren Zhiqiang is the developer of the most dazzling one star. 21st, he published tens of thousands of words on his personal blog "interpretation", shelling real estate control New deal.　　In this "interpretation" of nearly 13000 words, Ren Zhiqiang the real estate regulation of the new deal is nothing, the core point is: The New deal is from the market economy to the planned economy backwards.　　The Government's active intervention in the market is said to be "regressive to the planned economy", or Ren Zhiqiang did not understand what is the basic concept of "planned economy", or deliberately Ober, making gimmicks. In the immediate past of the global financial crisis, Governments should use administrative measures to accumulate problems in the economyExtreme intervention is no longer a problem, but a worldwide consensus. Even the most market-oriented United States is not the government to rescue the banking system, the financial industry executives issued a "pay limit"?　　At the end of 2008, when China's real estate market is seriously down, Ren Zhiqiang is calling for government policy to rescue the most active real estate market, how then the government policy intervention market is the best way to bail out, at this time the government policy intervention market is "to the planned economy retrogression"? Ren Zhiqiang is a developer, the government issued a policy conducive to the developers he applauded, not conducive to the developers he blasted. To be more bluntly, Ren Zhiqiang million is in order to maintain the interests of developers and shout! According to the Chinese certificate