Foreign banks play the "edge ball" wrestling the mortgage market
Posted on Feb-29-2008· by china investor
Lin Zhou (a pseudonym), where the bodies have now reluctant to cooperate with foreign banks, foreign banks last year and this was just for access to the case completely the opposite.
Foreign banks to enter the mortgage market, buyers failed to usher in more choices. This is because the current is a channel for the Wang era, the competitiveness of products only in specific markets start. For banks, developers and brokers used the company, it is precisely the most important channels for mortgages.
"Foreign banks do not accept any fee, which amounts to indirect pry alone." A secondary part of the brokerage firm Zhou Lin said, adding that it is precisely brokerage fees necessary means of survival.
Playing the "edge ball"
Can not say "two sets of mortgage" policy to the foreign banks to survive the huge space. In the past, there have been news that foreign banks will be strictly enforced sector "Second Suite" policy. Many media judgement and regulatory departments should be "treated equally" and foreign banks played the "edge ball" unlikely.
Facts always expected. As before foreign banks did not immediately join the central bank's credit system, not about the loans before people have been buying houses. Foreign banks use this "window period" to the business of filling many. Until recently, such as Standard Chartered Bank's credit data system began with the central bank's credit system link. Thus, the central bank, foreign banks will be carried out for two-way, and Chinese banks can also credit system for the central bank, foreign banks in the loan.
"First Financial Daily" ordinary consumers to the identity of the Advisory Standard Chartered Bank, the staff will strictly enforce the policy of the central bank, the second highest housing to 60% loan-to-be. "In fact, the central bank's supervision of foreign banks is far from strictly domestic banks," said Zhou Lin. In other words, during the actual operation of the process there is room.
Apart from the low interest rate strategy, the foreign banks also launched inherent recommended mortgage business customers, as far as possible in identifying the ideal potential customers. It is understood that the early promotion of the Standard Chartered Bank a "mortgage relatives recommended activities", as long as Citibank customers recommend friends successfully applied for Citigroup mortgage business, will be able to gain a certain amount of the prizes.
Recently, Standard Chartered Bank, one called "loan-to-send is" entered the elevator advertising Beisihuan some residential quarters, the advertising that at least 22 years of age, the work can be fixed loan without any collateral. Zhou Lin pointed out that although the short-term view, the business practices can be enhanced, but not strictly a review of the possibility of future bad debts will increase.
Mortgages when "relenting?"
Right now, buyers are most concerned about is that bank lending "relenting"?
Since late October 2007, the major commercial banks have basically completed that the amount of lending, so, even when those mortgage loan demand, bank loans material submitted only after the loan and grant will not lending needs wait till the next annual adjustment of bank loans approved after the trip.
In this regard, the capital personal loan services, "Wei-chia Agilent," said Judging from the current situation, in 2008 the commercial banks at the beginning of the currency remained "tight" lending policies, although somewhat eased over the end of 2007, however, it is not completely "open-style"放é‡.
For Beijing, although in January the first quarter put the whole mortgage loans exhausted, but there is no indication that the policy will be loosened. Such lending for the current situation, various commercial banks in order to better carry out the macro-control "tight" monetary policy, established in 2008 in the central bank put credit principle, "the same size, or down" under the general direction, but also speed up the pace preparing this year to put the scale of bank loans. As a result, the beginning of the commercial banks overall lending "pace" is not speed.
In this regard, a general manager of the agency that the tight policy will be continued until at least mid.
In addition, the central bank released from the habit of macro-control policies, Day, February is the policy of "window period", in addition to the central bank's economic work meeting convened, and there are no other rules promulgated policies accordingly. Therefore, by the end of 2007 "legacy" of the second mortgage and other details of the "doubt" and "conjecture" in 2008 also need to further resolve. For this reason, the conversion of the commercial banks in the past "after the first fast slow" lending laws, but now instead of the "first-after tight," and this is also a factor early slow lending one of the main reasons. (Huhuiying)
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