Friday, August 20, 2010

Decline in personal housing loan applications

"Second Suite recognized standards so stringent, type of housing to improve the formulation of completely disappear, prices will certainly have to fall in the second half." Number of banks, mortgage sources, recently to the banks for mortgage customers has been much less. Many home buyers in the property market is expected to fall, so select the hold out. Data show that 2-4 months of this year, Wuhu City, weekly trading volume in two or three thousand sets of housing, while the data showed last week with only 2412 sets of housing turnover, the lowest since February. Policy on the volume of mortgages is still very obvious, many people had a wait and see psychology.

Also I was informed that the new standard in the second house before the introduction of signed loan contracts, according to the "recognition does not believe housing loans," the old standard of examination and approval; new mortgage loan applications submitted can only be determined in accordance with the new standard. Another joint-stock mortgage banks who said in recent days, the bank will hand the backlog of mortgage applications for individuals identified by the old standards of the second suite for approval complete, or may cause banks to find buyers and developers wrangling to do.

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