Supervisory Board of the State Corporation EBV voted for the program to support the development of the mortgage. Banks will be able to refinance mortgage loans through money VEB and the Pension Fund of Russia for 250 billion rubles. These loans should be provided at a rate of 11% and with an initial contribution of up to 20%. Implementation of the program is expected to begin in April this year, said the head of the Agency for Housing Mortgage Lending (HMLA) Alexander Semenyaka. We recall that late last year approved the EBV program of investment in bonds of the Agency for Housing Mortgage Lending and mortgage-backed bonds from its own funds and pension funds. The Bank will provide loans, and then releasing them under the mortgage bonds in the debt market. These bonds will be redeemed, so the banks quickly receive funds. According, Semenyaka, during this month the bank will sign relevant agreements. "These contracts suggest that EBV is committed within three years to redeem the mortgage bonds, fixing the volume and value for money at a rate of 7% per annum (for banks). When the yield of the pension system will be equal to 9%, which is advantageous from the point view of profitability, "- said the head of HMLA. Today the average rate for Ruble mortgage is about 14%. Most banks offer to take a mortgage with an initial payment of 30%.
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