Agency for Housing Mortgage Lending (HMLA) in 2011 will seek to protect borrowers from the so-called "predatory mortgages". Said on Tuesday, April 12, CEO HMLA Alexander Semenyaka at parliamentary hearings in the Duma. "Our plans for 2011 due to the fact that, as the market recovers, we will do special programs in limited volumes, and more will give priority to solving its statutory objectives for which the agency and created", - said the head of the HMLA. "We set ourselves the task to protect the borrower from the so-called predatory mortgage - the conditions for it are not clear when certain actions or he is faced with a situation where he must pay large sums of money due to the change of some external factors," - he explained. "These payments shocks, as shown by the crisis, have led to the fact that many citizens were forced to restructure their loans are not always on acceptable terms - said Semenyaka. HMLA was created by the Russian government in 1997 to provide liquidity to Russian commercial banks providing long-term housing loans to the population, through the purchase of claims on such loans.
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