In July, HMLA plans to issue mortgage bonds to 7.6 billion rubles

According to executive director of the State Corporation Agency for Housing Mortgage Lending (HMLA) HMLA in July securitize mortgage loans in July to 6.7 billion rubles. On this day she told reporters. Recall that the agency buys the pools, ie, packages of standard mortgages from regional operators, service agents and primary lenders. In what follows, these loans are held securitization, that is issued mortgage-backed securities. HMLA in Russia - the main issuer of mortgage-backed securities. Thus, HMLA supports the mortgage market. Since banks have to sell loans and immediately get the money. According to the analytical center of HMLA, in 2009, was issued just over 130,000 mortgage loans totaling $ 152.5 billion rubles, or 2,7 times less than in 2008, in quantitative terms, and in 4,3 times - in bulk. The weighted average interest rates on mortgage loans rose by 1.4 percentage points for loans in rubles and 1.9 percentage points on loans in foreign currency. Deadline for ruble loans averaged 16.5 years (a decline of 1.5 years compared with 2008), in foreign currency. 11.6 years (a decline of 5.6 years). The average loan size has decreased by 38%. Significantly changed the structure of mortgage loans. The share of foreign currency loans fell to 6.6% compared with 14.5% in 2008. The main causes of deterioration in the mortgage market began the devaluation of the ruble exchange rate, reducing the effective demand for loans, an increase risk of lenders and borrowers, tighter requirements for borrowers from banks, reducing the number of participants in the mortgage market in late 2008 - the first half of 2009. "However, during 2009 has been a slow but steady growth of mortgage loans, greatly accelerated in the IV quarter of 2009, particularly in December when only one month was granted 18.3% of the total annual volume of issuance. This happened thanks to all of the following factors: rising prices for Russia's commodity exports, the growth of the resource base of the banking sector, reducing the requirements for borrowers, the return of pent-up demand for housing, due to changes in economic expectations of the population, the effect of seasonality "- the experts note. According to the forecast HMLA, the total amount of mortgage loans in 2010, leaving 280 -320 billion, in quantitative terms, 210 - 240 thousand pieces. Given the methodology of calculation of the Bank of Russia (the accumulated total from the beginning of the year), average rates on loans will be 12 - 13% in ruble terms, and about 11%. in foreign currency, the share of overdue debt will not exceed 5% (RAS). At the same time, thanks to government measures to improve the availability of mortgage lending during the year appear on the market products, including issued by the standards of HMLA, the interest rate which does not exceed 11%.