Problems with mortgages are not afraid of Russia

Banks Finansy16-04-2009 Problems with mortgage Russia is not afraid despite the fact that the global crisis began with U.S. mortgages, and arrears on mortgage loans is growing and growing, the Russian banking system is not terrible. We have mortgage arrears are rising, but the country's financial system as a whole they do not threaten - the market is too small. But since the problem debtors has a social character, the state aims to help impoverished borrowers. Besides the possibility to use the maternity capital for repayment to Russia will be relaxed the criteria for debt restructuring. And the mortgage crisis primarily affects developers. After collapsing mortgage programs do not favor the housing market. However, some possibilities for obtaining a new loan for housing in Russia remain. Probably, most Russians have already learned: in the current financial collapse blame the U.S. mortgage system. Namely, one of the main causes of the crisis was the issuance of long-term mortgage loans are not too reliable borrowers. As a result of defaults on such loans crippled the chain of the entire global financial system. And most importantly, defaults on mortgages in the U.S. continue to grow.