Nedvizhimost15-08-2008 New rules of the mortgage market the Agency for Housing Mortgage Lending alters how to work with partners to tighten the requirements for granting loans. According to experts, banks will raise the initial fee. However, such measures will improve the quality of loan portfolios in the future to avoid defaults. On September 15, 2008 Agency for Housing Mortgage Lending (HMLA) reverses the work with its partners. Changes will be standard issue, refinancing and maintaining the mortgage loans. Analysts expect such innovations as they are dictated by the current situation in the mortgage market. On the one hand, these innovations will toughen the requirements for granting loans, on the other - will improve the quality of loan portfolios, thereby avoiding future defaults of borrowers. Will be revised procedure for determining the interest rates on mortgage loans, the order of refinancing loans up to September 15, 2008, as well as the possibility of concluding with HMLA forward contracts for the supply of mortgages with planning horizon of up to 4 months. These systematic measures aimed at further development of the mortgage market in the country.
No comments:
Post a Comment