And it came to fruition: many people have placed savings in bank accounts. Now lenders reduce interest rates on deposits, but to a net outflow of population from the banks it does not. Money should "work", banks are forced to issue loans to be able to pay depositors interest and mortgage – the most stable instrument lending. Learn more on the subject from Jack Fusco. If only because, unlike consumer loans, it has the support – real estate, which in the coming years is unlikely to substantially drop in price. Nevertheless, the crisis showed that the most attractive to clients of the program are also the most risky for banks. Thus, "race loyalty" in the fight for the client, some analysts believe could lead to an increase in the number of problem borrowers. Especially now, when the final economic recovery has not yet happened and many are likely to be unemployed. Still, the situation today is different from the pre-crisis.
The fact that the risk loan default is largely determined by the ratio of monthly payment and the borrower's income. So, if before the crisis, banks have admitted that the payment amounted to 60-65% or even 75% of the borrower's income (which is why, as a result of the crisis reducing wages, many borrowers could not pay the loans), but now the figure is no more than 30-40%, in rare cases – 45%. Guided by this logic, one can assume that favorable conditions for borrowers, including the reduction of the initial contribution is unlikely to lead to massive downs of mortgage loans. Authorities and bankers are trying to learn from the lessons of the crisis and find a compromise that would achieve two goals: to reduce risks of banks when granting loans and to make housing loans available to the public. Now, according to reviews and bankers, and brokers, the demand is restored. According to the Central Bank of Russia for March 2010 was issued more than 52 thousand mortgage loans for same period last year – nearly 24.5 thousand words marked an increase of more than two times. In general, for the I quarter of 2010, issued 88,733 loan, which is 97% more than last year.
In addition, the authorities intend to adopt several measures to the short term return to mortgage its former position. Institute for Urban Economics, a strategy of development of the mortgage. The impetus for this was certainly a crisis. He particularly highlighted clearly the weakest link in Russia's credit system. One major problem – lack of long-term financing. To overcome it planned to create conditions for release of mortgage-backed securities (MBS) of different types, which will help attract foreign investors. The main role is assigned to Vnesheconombank (VEB). To this end, the capacity to invest in the Pension Fund of Russia, under the administration of the bank, a mortgage-backed securities. Government has yet to lose optimism and even tries to look 20 years ahead. According to the strategic forecasts, says the site finam.info.ru, with favorable developments in 2030, various forms of housing finance (mortgage, construction, rental) should make housing affordable for 60% of families. Published in the weekly number 25 'Dom.Stroy' (from 30.06.2010g.)