Banks Finansy14-05-2009 Banks are building a pyramid problem of mass mortgage loan defaults reached mortgages. Reduced incomes has led to an avalanche growth in defaults on mortgages. Fearing the worst, Russian banks are seeking ways to efficiently dispose of objects being in the pledge. So, they devised a scheme in which the debtors' apartments are offered with a new debt-mortgage holders. Size of arrears on mortgages in Russia continues to grow. Only the first two months of this year the amount of arrears on mortgages rose by 20%. In this regard, banks are seeking ways to efficiently dispose of the objects that are in their pledge. According to industry portal Banki.ru quoting First Mortgage Agency, URALSIB Bank, Home Credit and Absolut Bank allowed its customers to acquire a mortgage facility, pledged on loans in these banks. The offer applies to the purchase of apartments on the secondary market, construction of apartments and land plots with ready-made apartment house. As expected, this measure will help to partially solve, firstly, the problems of banks with defaults, and secondly, the problems of borrowers who can not pay, and the third - the problems of people who would like to take a mortgage, but the existing rates for them unsupportable.
No comments:
Post a Comment