This will help to reduce the repayment pressure of commercial loan people and enhance the willingness of the corresponding people to buy houses. According to relevant media reports, the website of Luoyang Housing Provident Fund Management Center in Henan Province published the draft of relevant management measures. The management method proposes that commercial loans should be repaid first and then loaned. Specifically, employees who have already applied for commercial loans can apply for commercial loans from the provident fund management center. After the approval of the housing provident fund management center, the employees will pay off the commercial loans with their own funds and go through the relevant procedures, and the provident fund management center will turn the commercial loans into public funds.

However, only if the loan interest rate of Luoyang provident fund is lower than 85% for three consecutive months can the transaction be handled. The loan amount is calculated according to the current calculation method of provident fund loan amount, and the application amount does not exceed the remaining principal amount of commercial loans.

The impact on the real estate market will increase the willingness of the corresponding people to buy houses. Such a policy is helpful to reduce the repayment pressure of employees who have applied for commercial loans, and it is helpful for these employees to buy a second suite, especially for families with improved housing needs. The reduced repayment pressure is likely to translate into the willingness to buy a house, and enhance the initiative of residents to buy a house.

It is helpful to play the role of housing provident fund in stabilizing the real estate market. At present, the real estate market is in a critical transition stage, and house prices are extremely unstable. Some employees have been unable to repay their loans, and loan cuts may occur. In this case, the introduction of the enterprise-to-public policy is of great help to stabilize the real estate market and enhance the ability of employees to repay loans.

Contribute to the healthy development of the real estate market. This policy greatly reduces the probability of employee loan default and plays a positive role in promoting the healthy and orderly development of the real estate market.

In fact, no matter how exaggerated the policy is in life, if it has no effect on reducing the pressure on employees, the effectiveness of policy implementation needs to be verified. It will take time to verify whether the policy of transferring mortgage business to public ownership can bring positive impact to the real estate market.