According to the relevant media surveys showed that the borrower's mortgage for the audit has begun the implementation of the family unit of "identification room recognized credit" into several aspects of the loan to 90 square meters for the division of property boundaries, the implementation of standards are: 90 square meters these loans into a number of 8 percent; 90 square meters or more loans into a number of 7 percent. Latest statistics from the data found in the first set of preferential housing loans interest rate implementation of the standards are currently divided into three files, namely: 7 fold, 8 fold and 8.5 fold.
In the 25 banks participating in the survey, there are 10 that the first suite of lending rates could hit 8.5 fold, while the minimum float downward to 7 can be folded just north bank of banks, postal savings banks, and Citibank, Standard Chartered and HSBC three foreign trip. Meanwhile, the bank adjusted interest rates for the first suites will continue to enjoy greater autonomy, a number of banks that will be based on the borrower's down payment percentage for preferential adjustments. Some banks also offer interest rates for the release of employment linked with the lender. If cross-line on the said Ward customers, doctors, civil servants, associate professor of Deputy Commissioner-level customers or to float downward interest rate up to 30%.
Friday, August 20, 2010
Mortgage loans for real estate speculators reduced under the New Deal
New Deal was unveiled in May is the first survey cycle, real estate power of New Deal regulation was reflected. I learned from relevant departments, as commercial loans and loans to fund both the policy tightening, the buyers had a great psychological effect, real estate speculators to reduce, spectators increased, decreased real estate transactions, the market began to level stability .
Decline in mortgage banking business volume
4 Since the mid-late, banks have tightened mortgage policy, and stop accepting off-site business loans, and credit the third suite. Strict implementation of one month mortgage since the New Deal, the bank's mortgage portfolio are in decline. I learned from a number of banks over the past more than one month's mortgage business banks are much lower than that introduced the New Deal. From the data provided by a bank, the New Deal in March before the introduction of mortgages were issued 432 pen, tighten policy only after the payment of the entire May 194 document mortgage, mortgage business decline by 55%.
"Last year in May began selling more and more fire house, the mortgage business was gradually enlarged. According to market research, the same time last year, one month's mortgage business volume of close to 4 digits." Credit department of a bank were staff recalls. "This year, almost the entire May to stop the three suites loan amount on the business impact of this big. In addition, we continue to implement the requirements provincial scale control line is basically a loan repayment amount, the volume of business continued decline is not surprising. "The staff analysis. Have banking sources, the current size of bank loans does not relax the control of signs, the overall size is expected to put the mortgage each month will continue to fall, the mortgage portfolio will continue to decline.
Extraction of shrinking fund loan
May 1 after the drawdown of the loan fund policy changes, the implementation of differential home provident fund loans down payment and differential extraction of the home provident fund policy. Drawdown of the loan fund after the introduction of the new policy, loans extraction also fell sharply.
According to the Urban home Fund Management Center, in May received a total of 37 existing home loans to total sum of 6.596 million yuan, and in April received 59 loans compared to total sum of 11.67 million yuan, down 43.5%; May accepted 13 Forward home loans, at a total amount of 4.634 million yuan, and in April received the total amount of loans 148 document delivery houses compared to 55.845 million yuan, down 91.7%. Affected by the differentiation policy, provident fund extraction is also reduced, in May a total withdrawal, 533, totaling 13.49 million yuan, and in April compared to the 994 document 30.25 million yuan, down 55.4%.
"Compared with some time ago, in May a lot of space." Urban home Provident Fund Management Center staff analyzed the reasons, since the provident fund and bank mortgage lending policy of tightening the tightening of the time difference there, "smell" sensitive buyers Most run in late April in time for drawdown of the loan fund business; In addition, differentiated policies to increase the drawdown of the loan fund "threshold" was included in Provident Fund "Second Suite" category, for the first payment ratio of home provident fund loans to reach 50% of the purchase were severely affected.
Pressure paid off loans to real estate speculators
Tightening of the mortgage, for most investors is no different from backing off passengers. Previously, there was a lot of real estate "investment-off" figure, second-hand home market, investment, speculation is also clear that investors use loans to real estate speculators due to insufficient funds is not uncommon.
Mr Leung is the public will own a mortgage, and then points down payment loan to buy two sets of commercial home, has a shot, there is a policy introduced by the impact of being stuck in high. "Now the pressure a bit large repayment, until better earn some money, now wanted to hurry up the house 'cash', for the time being not real estate speculators had." Leung said, for him now, buy a house has been re-lending not three suites, but four, five suites, there is no power again with loans investment real estate speculators.
"The market on the net with his hand, very few investors in funds real estate speculators, with the state strictly controls the two sets of the mortgage, three mortgage, the market basically Jigan speculation." Industry analysis. Although many mortgage banks open on three sets of constraints, the implementation of the three suites lending standards high and strict. "We have to bank loan to buy the third suite must come up with 6 percent down payment, but also interest rates go up 20%." City manager of a bank's customers said, it follows that there is no relaxation of the three suites bank interest rates down payment plan.
Decline in mortgage banking business volume
4 Since the mid-late, banks have tightened mortgage policy, and stop accepting off-site business loans, and credit the third suite. Strict implementation of one month mortgage since the New Deal, the bank's mortgage portfolio are in decline. I learned from a number of banks over the past more than one month's mortgage business banks are much lower than that introduced the New Deal. From the data provided by a bank, the New Deal in March before the introduction of mortgages were issued 432 pen, tighten policy only after the payment of the entire May 194 document mortgage, mortgage business decline by 55%.
"Last year in May began selling more and more fire house, the mortgage business was gradually enlarged. According to market research, the same time last year, one month's mortgage business volume of close to 4 digits." Credit department of a bank were staff recalls. "This year, almost the entire May to stop the three suites loan amount on the business impact of this big. In addition, we continue to implement the requirements provincial scale control line is basically a loan repayment amount, the volume of business continued decline is not surprising. "The staff analysis. Have banking sources, the current size of bank loans does not relax the control of signs, the overall size is expected to put the mortgage each month will continue to fall, the mortgage portfolio will continue to decline.
Extraction of shrinking fund loan
May 1 after the drawdown of the loan fund policy changes, the implementation of differential home provident fund loans down payment and differential extraction of the home provident fund policy. Drawdown of the loan fund after the introduction of the new policy, loans extraction also fell sharply.
According to the Urban home Fund Management Center, in May received a total of 37 existing home loans to total sum of 6.596 million yuan, and in April received 59 loans compared to total sum of 11.67 million yuan, down 43.5%; May accepted 13 Forward home loans, at a total amount of 4.634 million yuan, and in April received the total amount of loans 148 document delivery houses compared to 55.845 million yuan, down 91.7%. Affected by the differentiation policy, provident fund extraction is also reduced, in May a total withdrawal, 533, totaling 13.49 million yuan, and in April compared to the 994 document 30.25 million yuan, down 55.4%.
"Compared with some time ago, in May a lot of space." Urban home Provident Fund Management Center staff analyzed the reasons, since the provident fund and bank mortgage lending policy of tightening the tightening of the time difference there, "smell" sensitive buyers Most run in late April in time for drawdown of the loan fund business; In addition, differentiated policies to increase the drawdown of the loan fund "threshold" was included in Provident Fund "Second Suite" category, for the first payment ratio of home provident fund loans to reach 50% of the purchase were severely affected.
Pressure paid off loans to real estate speculators
Tightening of the mortgage, for most investors is no different from backing off passengers. Previously, there was a lot of real estate "investment-off" figure, second-hand home market, investment, speculation is also clear that investors use loans to real estate speculators due to insufficient funds is not uncommon.
Mr Leung is the public will own a mortgage, and then points down payment loan to buy two sets of commercial home, has a shot, there is a policy introduced by the impact of being stuck in high. "Now the pressure a bit large repayment, until better earn some money, now wanted to hurry up the house 'cash', for the time being not real estate speculators had." Leung said, for him now, buy a house has been re-lending not three suites, but four, five suites, there is no power again with loans investment real estate speculators.
"The market on the net with his hand, very few investors in funds real estate speculators, with the state strictly controls the two sets of the mortgage, three mortgage, the market basically Jigan speculation." Industry analysis. Although many mortgage banks open on three sets of constraints, the implementation of the three suites lending standards high and strict. "We have to bank loan to buy the third suite must come up with 6 percent down payment, but also interest rates go up 20%." City manager of a bank's customers said, it follows that there is no relaxation of the three suites bank interest rates down payment plan.
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.
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.
Experts predict that in the second quarter will be down real estate credit
Over the past one quarter new individual housing loans reached 522.7 billion yuan, representing a substantial increase over the same period. Tightening of the current mortgage industry as a whole when the whole trend of tightening mortgage lending and real estate development will affect the growth of a credit. Experts predict that real estate credit in the second quarter will fall.
The first quarter 522 700 000 000 new residential building in the central bank issued "in the first quarter financial institutions to invest in Statistics Report", a quarter of new real estate loans of RMB 845.7 billion yuan, up 44.3% quarter-end balance of more than the same period in the The loan balance of 20 percentage points higher than the growth rate. The report shows that the new real estate loans, real estate development loans added 320.7 billion yuan, up 31.1% quarter-end balances over the previous year increased by 0.5 percentage points; individual housing loan additional 522.7 billion yuan, end of the quarter balances grew 53.4% over the previous year increased by 10.3 percentage points.
Analysts said the real estate development loans and a credit growth is based on the expected tightening of real estate, but then there is the second-quarter growth rate may drop. Central University of Finance and the China Banking Research Center, Renguo Tian Yong believes that the national housing policy began to tighten, the future of real estate loans will enter the control of real estate credit will decrease, or to the loan balance growth with considerable level.
In addition, the central bank reported that a quarter of major financial institutions, infrastructure and long-term foreign currency loans of the major sectors added 710.8 billion yuan, up 33.3% quarter-end balances over the previous year fell 9.7 percentage points. In addition, a quarter of personal consumer loans continued to grow. All financial institutions, new loans of RMB 572.5 billion yuan for personal consumption, up by 369.8 billion yuan more than the balance up 57% over the previous year to speed up the growth rate 8.4 percentage points. GUO Tian-Yong said that the national policy of expanding domestic demand, and consumer organizations are creating a personal consumption loans in 2010 will maintain a high growth rate.
The first quarter 522 700 000 000 new residential building in the central bank issued "in the first quarter financial institutions to invest in Statistics Report", a quarter of new real estate loans of RMB 845.7 billion yuan, up 44.3% quarter-end balance of more than the same period in the The loan balance of 20 percentage points higher than the growth rate. The report shows that the new real estate loans, real estate development loans added 320.7 billion yuan, up 31.1% quarter-end balances over the previous year increased by 0.5 percentage points; individual housing loan additional 522.7 billion yuan, end of the quarter balances grew 53.4% over the previous year increased by 10.3 percentage points.
Analysts said the real estate development loans and a credit growth is based on the expected tightening of real estate, but then there is the second-quarter growth rate may drop. Central University of Finance and the China Banking Research Center, Renguo Tian Yong believes that the national housing policy began to tighten, the future of real estate loans will enter the control of real estate credit will decrease, or to the loan balance growth with considerable level.
In addition, the central bank reported that a quarter of major financial institutions, infrastructure and long-term foreign currency loans of the major sectors added 710.8 billion yuan, up 33.3% quarter-end balances over the previous year fell 9.7 percentage points. In addition, a quarter of personal consumer loans continued to grow. All financial institutions, new loans of RMB 572.5 billion yuan for personal consumption, up by 369.8 billion yuan more than the balance up 57% over the previous year to speed up the growth rate 8.4 percentage points. GUO Tian-Yong said that the national policy of expanding domestic demand, and consumer organizations are creating a personal consumption loans in 2010 will maintain a high growth rate.
Local policy is the key to improving home loan policy
10 new countries have entered the full implementation of the stage, trading volume fell sharply, making a rapid transition from a seller's real estate transaction to a buyer's market. The difference of price movements as the difference between real estate lending policy of the same, with the general direction, will have to see the local mean.
The difference of price movements as the difference between real estate lending policy of the same, with the general direction, will have to see the local mean. Right now, Beijing, Shenzhen, Hainan, Qingdao, Tianjin has been made available real estate lending policies of local implementation details, in addition to consistent implementation of central policy, put on the mortgage loans were cautious. The cities, Beijing, Shenzhen has been suspended for more than home loans to purchase a third set; Hainan implemented home contract for the sale of goods online contract system, 10% of the land transfer to the affordable home construction projects tilt; Qingdao on the ordinary commercial home tax gross interest rate from 15% to 20% of the real estate business development of non-ordinary residential (including villa), and the warning sings of non-residential land value-added tax rate of 1% adjusted to 2%.
10 new countries have entered the implementation stage, watching the market trend will definitely clear a lasting game. But until then, local government rules are considered "other shoe" has yet to landing. As Mu Qian, Chu Beijing, Qingdao, Shenzhen and other Shaoshudiqu Yi Fang Dechan Daikuan policy Shishixize introduced, few have introduced Shi Jian disclosure policy areas. Market participants believe that the effect of policy forecasting and policy ground not unrelated to the timing, especially in price sensitive areas in particular.
Real Estate New Deal released a full month later to the city line, led by real estate market jittery. Volume indisputably fallen sharply, making a rapid transition from a seller's real estate transaction to the buyer's market. However, Hengda Real Estate property in the control policy in the first round of price cuts, other developers are not signs of a large number of follow-up. Even in the first-tier cities, second-hand home market trading prices are still "strong", market watchers were happy to call it "dying."
Shanghai, also published last week came the news of home ownership tax, a move known as "the most stringent regulatory policies of local real estate." If the introduction of home ownership tax Shanghai, will fight against real estate speculation and investment, real estate prices will appear loose, which is almost consistent with the market to judge. However, a real estate Shanghai Institute of Syndicated news Yanjiu Bu Minister Yang Hongxu Ren Wei, Shanghai property of non-self-Shui Zhu Xing Zhen Dui Owners of multiple high-end You Qi is the luxury of speculation off, Jia Su Qi selling through taxation, so that more inflow market to play a role in home prices, "then property tax on only a temporary policy." Real Estate Agents shared the view that home tenure tax if the answer is yes, on second-hand home transaction will have some impact, "a group of that time should be added in the high-end second-hand home market, the vacancy availability, so wait and see mood now though strong, but prices were 10% -15% of the market is quite acceptable. "
The difference of price movements as the difference between real estate lending policy of the same, with the general direction, will have to see the local mean. Right now, Beijing, Shenzhen, Hainan, Qingdao, Tianjin has been made available real estate lending policies of local implementation details, in addition to consistent implementation of central policy, put on the mortgage loans were cautious. The cities, Beijing, Shenzhen has been suspended for more than home loans to purchase a third set; Hainan implemented home contract for the sale of goods online contract system, 10% of the land transfer to the affordable home construction projects tilt; Qingdao on the ordinary commercial home tax gross interest rate from 15% to 20% of the real estate business development of non-ordinary residential (including villa), and the warning sings of non-residential land value-added tax rate of 1% adjusted to 2%.
10 new countries have entered the implementation stage, watching the market trend will definitely clear a lasting game. But until then, local government rules are considered "other shoe" has yet to landing. As Mu Qian, Chu Beijing, Qingdao, Shenzhen and other Shaoshudiqu Yi Fang Dechan Daikuan policy Shishixize introduced, few have introduced Shi Jian disclosure policy areas. Market participants believe that the effect of policy forecasting and policy ground not unrelated to the timing, especially in price sensitive areas in particular.
Real Estate New Deal released a full month later to the city line, led by real estate market jittery. Volume indisputably fallen sharply, making a rapid transition from a seller's real estate transaction to the buyer's market. However, Hengda Real Estate property in the control policy in the first round of price cuts, other developers are not signs of a large number of follow-up. Even in the first-tier cities, second-hand home market trading prices are still "strong", market watchers were happy to call it "dying."
Shanghai, also published last week came the news of home ownership tax, a move known as "the most stringent regulatory policies of local real estate." If the introduction of home ownership tax Shanghai, will fight against real estate speculation and investment, real estate prices will appear loose, which is almost consistent with the market to judge. However, a real estate Shanghai Institute of Syndicated news Yanjiu Bu Minister Yang Hongxu Ren Wei, Shanghai property of non-self-Shui Zhu Xing Zhen Dui Owners of multiple high-end You Qi is the luxury of speculation off, Jia Su Qi selling through taxation, so that more inflow market to play a role in home prices, "then property tax on only a temporary policy." Real Estate Agents shared the view that home tenure tax if the answer is yes, on second-hand home transaction will have some impact, "a group of that time should be added in the high-end second-hand home market, the vacancy availability, so wait and see mood now though strong, but prices were 10% -15% of the market is quite acceptable. "
Second-hand home mortgage revitalized
Second-hand home loans and loans for the first suites compared to more complex, because the two suites are individual buyers and sellers. Currently, banks are the first suite of policy tightening, second-hand home loans from the original "sideline" into the "main", became the recommended bank loans, second-hand home loans revitalized.
Second-hand home loans to the buyers and sellers as it involves the majority of all individuals, so in loans procedures are relatively complex, many banks do not focus on this as a business. However, this situation has been reversed in today. For attention, the higher two suites define the bank's standard is still not unified. Some banks to "know the room is not considered loans," some banks to "know the loans are not considered rooms."
May 14, the author found that a bank's business hall, a few propaganda posters of second-hand home loan business to occupy a conspicuous location. When I approached to see whether a poster, immediately asked the staff there, I want to go through second-hand home loans. I see no objection, they put the author has specializes in mortgage lead to the staff of office. Immediately, the staff began the author describes in detail for the second-hand home loans. After carefully interview the author learned that one of the bank in April to launch a second-hand home loans, now is the bank's core business.
Coincidentally, I went to another bank to cover second-hand home loan that the bank also launched in May of second-hand home loan business. Meanwhile, in order to catch up from behind, the bank is negotiating with the intermediary of a second-hand, second-hand home loans apply for one-stop service. Subsequently, the author also visited several other commercial banks, found that second-hand home loans by banks from the original is not the concern about the renewed vitality. Currently all commercial banks have second-hand home loans from the original "sideline" into the "main", became the recommended bank loans.
"In the new home mortgage, the banks business Liangjun decline slightly. In order to ensure a certain profit margins, banks will naturally be a beachhead area of second-hand home loans." 14, a bank official said mortgage-related terms , there demand for natural market niche. Especially with the joint-stock banks continued to long terms of competition in the mortgage growing, second-hand home loans naturally become contested.
However, I understand that although second-hand home loans renewed vigor, but with the new house, loans, or a difference. Currently, most banks in the second-hand home loans, "documents" and "area" is the mortgage borrower's 2 threshold. The unanimous request of several banks, mortgage borrowers to buy second-hand home must complete double card. In addition, banks and buildings for resale have different requirements. Most banks require mortgage borrowers to buy second-hand home area not less than 60 square meters -120 square meters; not meet the requirements for resale, are not providing loans.
Second-hand home loans to the buyers and sellers as it involves the majority of all individuals, so in loans procedures are relatively complex, many banks do not focus on this as a business. However, this situation has been reversed in today. For attention, the higher two suites define the bank's standard is still not unified. Some banks to "know the room is not considered loans," some banks to "know the loans are not considered rooms."
May 14, the author found that a bank's business hall, a few propaganda posters of second-hand home loan business to occupy a conspicuous location. When I approached to see whether a poster, immediately asked the staff there, I want to go through second-hand home loans. I see no objection, they put the author has specializes in mortgage lead to the staff of office. Immediately, the staff began the author describes in detail for the second-hand home loans. After carefully interview the author learned that one of the bank in April to launch a second-hand home loans, now is the bank's core business.
Coincidentally, I went to another bank to cover second-hand home loan that the bank also launched in May of second-hand home loan business. Meanwhile, in order to catch up from behind, the bank is negotiating with the intermediary of a second-hand, second-hand home loans apply for one-stop service. Subsequently, the author also visited several other commercial banks, found that second-hand home loans by banks from the original is not the concern about the renewed vitality. Currently all commercial banks have second-hand home loans from the original "sideline" into the "main", became the recommended bank loans.
"In the new home mortgage, the banks business Liangjun decline slightly. In order to ensure a certain profit margins, banks will naturally be a beachhead area of second-hand home loans." 14, a bank official said mortgage-related terms , there demand for natural market niche. Especially with the joint-stock banks continued to long terms of competition in the mortgage growing, second-hand home loans naturally become contested.
However, I understand that although second-hand home loans renewed vigor, but with the new house, loans, or a difference. Currently, most banks in the second-hand home loans, "documents" and "area" is the mortgage borrower's 2 threshold. The unanimous request of several banks, mortgage borrowers to buy second-hand home must complete double card. In addition, banks and buildings for resale have different requirements. Most banks require mortgage borrowers to buy second-hand home area not less than 60 square meters -120 square meters; not meet the requirements for resale, are not providing loans.
Saturday, August 7, 2010
What is the reputation of "Countrywide" home loans?
Can anyone help us with information regarding this loan company? the more details and information the better. Thanks!
Very good - opines the one whose loan has been written off without recovery.
Very good - opines the one whose loan has been written off without recovery.
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