Small and medium banks to take two sets of mortgage loans

Recently, the news and reports about the tightening of the mortgage in anticipation of a tightening of credit lines and a surge in expectations of higher interest rates, some small and medium-sized banks are "scrambling to catch the last Bus", with low-interest, low down payments and other preferential policies vying for premium loans, including two of mortgages.　　Two sets of mortgage "chaos" is still understood, in addition to Nanjing and other land to stop the news of the mortgage, more media reports, the regulatory layer in the near future, stressed that residents living and improving housing consumption, if not able to provide legal and effective proof, are treated according to two suites, strict implementation of the minimum 40% down payment, and "individual places" even higher than 50%.　　However, the Chinese Securities News reporter survey found that the high rate of interest rates, Beijing's small and medium-sized banks in the implementation of two housing loans remains chaotic. A person in Beijing's housing loan guarantee agency said it did not see signs that some banks were trying to adjust. The person said that since the introduction of "11", only a few large state-owned banks are currently strict implementation of two mortgages down 40% and 1.1 times times the interest rate, one of which is based on the creditworthiness of lenders to provide from 75 percent to 1.1 times times the interest rate.　　Some joint-stock banks are more flexible, the basic two suites can be down to 40%, the rate of 70 percent, individual banks even still will be its "comparison set", that is two suite down payment 20%, interest rate 70 percent. A Nanjing bank industry personage also said to the Reporter: "Nanjing most banks did not stop to make the mortgage, and everybody basically is the continuing interest rate hits 70 percent." "Shanghai Yi Ju Comprehensive Research Minister Yang Hongxu pointed out that the mortgage is a good asset, so the CBRC management of relatively loose small and medium-sized banks, and the driving force for this market," commercial banks have always had some space to use, or play the edge. Cai Zhizhou, deputy director of the Center for National Economic Accounting and Growth studies at Peking University, said it was difficult to define the second suite, and that the "risk rate" was also left to the bank's greater autonomy. It should be said that a down payment of 30%, 40% of the mortgage on the bank is relatively high quality.　　As a result, he argues, expectations of tighter credit have been widely disseminated, and the "last bus" of competing interest rates between banks is expected. Xia: The timing of the interest rate hike has long been clear, the 2010 will continue to implement a positive fiscal policy and moderately loose monetary policy, but will increase the pertinence and flexibility.　　At present, the policy of "targeted" and "flexibility" of the grasp, as well as the monetary "valve" tightness has become a general concern in the industry topic. Yang Hongxu said that monetary policy adjustment will significantly affect the property market, and the timing of the adjustment depends on the macroeconomic situation.　　He noted that if GDP growth in 2010 were to regain two digits, CPI growth exceeded turnover, and asset prices, including equities and real estate, continued to heat for 2009 years, monetary and credit policies would adjust and would continue to raise reserve requirements and even use the means to raise interest rates. Director of the Financial Institute of the Development Research Center of the State CouncilXia recently said that China's current rate of increase in the timing and conditions are not mature. "The first thing to see is what is the purpose of the hike," he said. If it is to recover excess liquidity, the central bank can choose to raise the reserve requirement ratio, the issuance of central bank bills and other regulatory tools; Moreover, the rate hike must meet two conditions: first, the real interest rate is negative, inflation indicators (CPI) over short-term interest rates (one-year fixed deposit rate of 2.25 The second is to see the US central bank action, before the U.S. rate hike, China's interest rate hike, will undoubtedly incur the risk of hot money inflows. "He cautioned:" must recognize the real estate industry to the current economic role of China can not be underestimated, in the current economic recovery is still difficult delicate period, the real estate regulation can not drug too fierce, should spend 2-3 years to comb slowly, otherwise the fierce adjustment will be bad for the economy. ”