mortgage

Yesterday, at a meeting of the National Association of Mortgage Market Participants (NAMMR), the refusal of the Agency for Housing Mortgage Lending (AHML) to buy mortgages from its agents was discussed. At the moment, the volume of stuck loans prepared in the regions for redemption is about half a billion rubles. AHML claims that it simply does not have the money for this.

Yesterday, a meeting of the NAUIR took place, at which the implementation of the AHML program by its regional mortgage operators was discussed. As a federal agency, AHML, we would like to remind you, has developed the following work scheme. It approves the standards by which partner banks and regional operators issue mortgage loans. After this, banks and operators sell the same loan to AHML, and with the returned money they again issue mortgage loans to the population. However, as it turned out, this scheme functions well only on paper.

“AHML is like a Soviet saleswoman: ‘There are many of you, and I am alone,’” Vladimir Shcherbakov, general director of the Irkutsk Regional Mortgage Agency, was indignant yesterday. “We must look for new sources of refinancing that will allow us to work without interruptions and not beg the agency for money.” Operators from Ufa, Novosibirsk, Udmurtia and other regions complained about loans worth about 400 million rubles that were not purchased by the agency.

“About 70 million rubles are idle, since AHML is not able to buy even this amount. We are already thinking about how we can use mutual funds, the stabilization fund and other tools to attract resources,” said Anatoly Meizler, general director of the Ufa Mortgage Lending Agency. “At least they bought back what we prepared last year. Our agency was counting on the refinancing of AHML and formed pools of loans, but now the agency cannot buy them from us. AHML should somehow be responsible for this,” the general director of the Udmurt Mortgage Corporation was indignant Republic Alexander Alalykin.

Interestingly, until recently the agency had no problems with the redemption of regional mortgages. However, yesterday AHML confirmed to Kommersant that in total mortgage loans worth about 500 million rubles were stuck in the regions. The agency claims that it simply does not have the right to buy them out. According to representatives of AHML, they cannot buy mortgages from operators with money raised under government guarantees according to government decree 628. They can only use the money to purchase loans issued by banks.

The agency can only purchase loans from operators using its own funds. But according to Deputy General Director of AHML Eduard Ivanov, they simply do not exist. “We understand that operators used their working capital to issue loans and now they have problems. But we can only buy back these loans from our own funds, which have run out, and we have not yet given new ones. Mortgage mortgages worth about 500 million rubles are stuck. As soon as we increase the authorized capital of the agency, we will begin to buy out these loans. The country’s budget has already allocated 700 million rubles for the authorized capital of AHML, and we hope that in the middle of this year we will receive them,” he told Kommersant.

EVGENIYA Kommersant-DMITRIEVA

AHML's regional program is stuck