The government has asked 400 billion rubles for the decline in mortgage rates – RBC

The government has asked 400 billion rubles for the decline in mortgage rates – RBC

Photo: Yekaterina Kuzmina / RBC

Case 400 billion

Today, Prime Minister Dmitry Medvedev will gather meeting, which will discuss measures to support mortgage lending. Agency for Housing Mortgage Lending (HMLA) together with bankers last Wednesday prepared a draft of such measures, and on Friday correct it at a meeting with Finance Minister Anton Siluanov, told RBC two sources close to the participants of the meeting.

According to the interlocutors RBC HMLA proposes to allocate to support the mortgage 400 billion rubles. If you do not support the mortgage lending, the issuance will be reduced by 8.5 times – from 1.7 trillion rubles. in 2014 to 200 billion rubles. in 2015, according to the materials prepared by the HMLA. And if the state will allocate 400 billion rubles. on a program to support the mortgage, the issue at the end of this year will be reduced only by half – to 800 billion rubles.

Among the measures considered by the state subsidizing interest rates on mortgage loans and recapitalization agency, told RBC source close to the HMLA and a source in the Ministry of Construction (Ministry participates in the development of the program).

Borrower offer rates below the key, and the state budget will pay in addition to the bank received rate by 2.2 percentage points above the key. Subsidies can only apply for loans to buy apartments in new buildings, the loan term – up to 30 years, downpayment – at least 20%, the maximum loan size – 8 million rubles. For Moscow, the Moscow region and St. Petersburg, 3 million rubles. – For other regions.

HMLA and bankers discussed another measure – issuing banks Lombard loans of the Central Bank, said a source close to the HMLA, and a source in the banking community. It was about the refinancing of banks in the Central Bank bail mortgage-backed securities at a rate of “key rate minus 5.2 percentage points.” However, according to sources, the Central Bank has opposed this proposal.

As many will not

Vice-President of the Association of Regional Banks Oleg Ivanov believes that 400 billion rubles . – Too much money for the state, and fears that the market does not receive such funds. At the same time he did not rule out that the mortgage program of support may be included measures applied in the last crisis, for example, EBV redeemed from banks and mortgage bonds HMLA. With the securities were to be provided mortgages to buy only new housing, and the rate on loans should not exceed 11%.

Deputy Chairman of the Board Handicap Bank Dmitry Orlov believes it is necessary to speak not so much about the amount, but about the projects themselves, which it should be distributed. “This support construction economy, interest rate subsidies, support the secondary mortgage market through the purchase of HMLA mortgage-backed bonds” – lists the Eagles.

Until December 2014 the mortgage was considered the fastest growing segment in the retail lending. According to Fitch, the growth of this sector since the beginning of October last year was 33%, while for unsecured loans – only 10%. However, after increasing in December 2014. Bank of Russia the key rate to 17% per annum for many banks had to raise rates to barrage – 20% or more.

Deputy Finance Minister Alexey Moiseev told RBC that decisions on proposals HMLA yet. The press service of the Central Bank at the weekend failed to respond to a request RBC. The representative of the HMLA had no comment.