Expert: no need to tighten the situation with a mortgage

Banks Finansy29-10-2008 Judge: no need to tighten the situation with a mortgage in the near future possible growth of defaults on mortgage loans, said President of the Association of Russian Banks, Garegin Tosunyan on passing in Moscow press conference, "Banks, realtors, builders: what expect from the current financial situation. " Among the reasons he described as increasing unemployment and lower incomes of Russians against the backdrop of global crisis. As of July 1, 2008, with an overall increase in mortgage arrears at 825.04 billion rubles, the proportion of the delay amounted to 0,3%. But this figure, according to many experts, could soon rise dramatically. The growth of bad loans to date is difficult to predict, because "it depends on many factors," explained Tosunyan. Nevertheless, the bankers have a ready solution to deal with the defaulters on loans. They should be "relocated". During the press conference, President of the European Trust Bank, Chairman of the Committee on Mortgage Lending ARB Andrew Krysin said more than once put forward the idea of ??creating a special "resettlement" fund for people who can not pay the full cost of mortgage credit in the current difficult conditions. However, he laments, the proposal finds no response, no response from the relevant authorities there.