Establishing of mortgage market related to real estate

Will study the construction of mortgage market (re-mortgaged) property, have the support and control of the State to increase liquidity for the Bank. According to the project of developing The real estate market to build mortgage pre approval from a proposed new Government put forward the solution to promote this market development. Which measures are to be addressed financing, credit.

According to the Ministry's proposal, the market will form and create conditions for the development of financial institutions to attract the sources of capital for reverse mortgage information the real estate market, adjust the flexible credit policies to facilitate capital for the subject real estate market.

The Government soon legal corridor and the Organization deployed the formation of non-bank financial institutions such as investment funds, real estate funds real estate trusts (REIT), housing savings ... Additional studies of mechanisms enabling the property meets mortgage refinancing with the category real estate investment fund to form real estate investment fund.

Construction research of mortgage market (re-mortgaged) property, have the support and control of the State to increase liquidity for the Bank. Establishment of the Agency for housing mortgage lenders do stuff to the Government regulate and promote development of the housing finance system in Vietnam.

According to the Ministry, the need to improve the credit policy for the property markets: building mechanism, flexible credit policies created a legal corridor to the commercial bank can mobilize the medium and long term funds with reverse mortgage interest rates stable to provide credit for real estate market the same time, support for the median-income audience, stability has the ability to buy houses.

Research, build and improve the processes of real estate credit, have more diverse credit products, in accordance with the characteristics of real estate credit, especially in the housing estate; construction of the mechanism of close monitoring, regulation of safety ratio between outstanding property with mortgage loans projects total outstanding of the banking system, the rate of bad debt, loan rate with the number of mobilized to ensure safety in credit operations, to avoid the phenomenon of "bubbles" in property;

Building information mechanism, reporting between financial institutions that operate the real estate credit with the Bank, mortgage refinancing with the Central Steering Committee on housing policy and the real estate market to capture accurate information about the real estate credit activity and have the solution timely direction, ensure real estate credit, effective.

At the same time, well organized information systems related to mortgage lenders between the banks of the real estate market to ensure safe control system, as the rate for the loan and the internal investment; legal construction, the guidelines, the criteria for calculating credit scores. In it, taking the real estate credit score with the commercial banking system.

Build and introduce publicly with the Organization, the individual credit products are flexible, diverse loan needs of individual mortgage organizations to business, created the real estate; Perfecting the mechanisms and procedures, the Member for the disposal of collateral in order to create favorable conditions for credit institutions in the process of handling the property ensures a quick, lawful.

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