On the evening of October 29th, 65438/kloc-0, Shanghai Banking Insurance Regulatory Bureau issued the Notice of Shanghai Banking Insurance Regulatory Bureau on Further Strengthening the Management of Personal Housing Credit (hereinafter referred to as the Notice), which put forward eight requirements for continuing to do a good job in the management of personal housing credit, including the concentration management of real estate loans, the source and solvency audit of down payment funds, the qualification examination and credit management of borrowers, the issuance management of personal housing loans, the use management of credit funds, and real estate intermediary business.
It is worth mentioning that in the management of individual housing loan issuance, the Notice clearly focuses on supporting borrowers to purchase the first set of small and medium-sized self-occupied housing, and can only issue housing loans to individuals who purchase houses with capped main structures.
Screenshot of official website of Shanghai Banking Insurance Regulatory Bureau
New regulations or delay the progress of housing enterprises' payment
Lin Bo, general manager of Ke Rui Research Center, pointed out to the reporter of National Business Daily that strict personal housing loan issuance management is equivalent to the sale of existing homes, which will slow down the turnover of residential projects in Shanghai. "The pre-sale system has not changed, and housing enterprises can continue to sell faster houses, but the loans can't be put down until the structure is capped, which will slow down the progress of sales collection of housing enterprises."
It is reported that in the current pre-sale standards in Shanghai, multi-storey residential buildings require the main structure to be capped, and high-rise residential buildings require the infrastructure to be formed.
Jaco, dean of the branch of 58 Anjuke Real Estate Research Institute, told reporters that the policy requires that all new houses that meet the pre-sale standards must be capped before loans can be issued, which obviously raises the threshold for mortgage issuance and will directly slow down the listing pace and sales speed of many new housing projects. For developers who are interested in accelerating the withdrawal of funds, especially those who are concerned, this policy has undoubtedly reduced the inflow of a large number of pre-sale funds.
Generally speaking, the pre-sale funds of real estate enterprises have a great influence on their own cash flow. The reduction of pre-sale funds may not only slow down the overall development speed, but also increase the difficulty of debt reduction. Jaco predicted that in the first quarter of this year, the pace of de-commercialization of commercial housing in Shanghai may slow down. This policy is also the embodiment of centralized management of real estate loans, which highlights the prudent management of individual housing loans, strengthens the requirements for commercial banks, strictly controls the pace and growth rate of individual housing loans, and prevents sudden lending. The policy of focusing on supporting the first set of small and medium-sized units reflects the protection of the first set of housing needs of new Shanghai citizens.
Lin Bo said that now the lottery system is used in sales, and housing enterprises can't choose their own customers, so they can only sacrifice their own payment progress. In the past, when the Shanghai property market was hot, some developers had realized the speed of money withdrawal at the opening. Now this policy may delay the repayment speed of developers and greatly reduce the turnover efficiency.
The head of marketing of a real estate enterprise told reporters that this is a card from funds. As a result, the supply of the property market is reduced, which is equivalent to the low return rate of Shanghai real estate development.
For example, he said that the original land 10 can be opened in one month, the bank loan can be released in two months, and it will take three months to lend money in the future. The regulation that "housing loans can only be granted to individuals who purchase houses with the main structure capped" will directly delay the mortgage payment of developers by 3-6 months (taking 18-storey houses as an example).
Strictly review the source of down payment funds and solvency.
The "Notice" requires strict review of the source of down payment funds and solvency. According to the principle of "know your customer", improve the means of investigation and review; Strengthen the requirements for the authenticity audit of down payment funds to prevent borrowers from illegally obtaining down payment funds for personal housing loans through consumer loans, business loans and other channels, or taking bank loans by forging down payment vouchers; Carefully assess the borrower's willingness and ability to repay, strictly control the ratio of monthly payment and income of the borrower's housing loan and the ratio of monthly payment and income, verify the real income level of the borrower through multiple channels, and prevent fraudulent acts such as false running water and false certificates from inflating the solvency.
In this regard, Jaco said that the policy clearly points to guiding commercial banks to strengthen loan audit management, and strengthen the verification of the source of down payment funds and debt-to-income ratio of buyers. It is indeed worthy of attention to obtain funds to buy a house in the form of commercial loans and consumer loans. This approach will not only lower the threshold of buying a house in disguise, but also raise the financial risk of real estate. On the other hand, the funds that really need to flow into small and medium-sized enterprises actually flow into the property market in disguise, which is not conducive to the development of the real economy.
At the same time, the notice requires that the qualification examination of borrowers and credit management be strictly strengthened, especially the qualification examination of divorced borrowers to limit loans, so as to prevent borrowers from evading the impact of restrictions on purchases and loans on the real estate credit risk management of commercial banks; Make full use of various credit information and information sharing platforms to inquire about the borrower's credit information, and strictly examine and approve individual housing loans in combination with the borrower's credit status; Those who illegally obtain down payment funds or apply for personal housing loans by fraudulent acts should be rejected, blacklisted and submitted to the Shanghai public credit information service platform as untrustworthy information.
Jaco said that in combination with the policy of 5438+10.21in June this year, Shanghai has intensified its crackdown on fake divorce houses from a financial perspective. By strengthening the examination and approval of individual housing loans, we can crack down on real estate speculation at the source, block irrational house purchase and effectively avoid real estate financial risks in advance. It is noteworthy that the punishment signal of the blacklist system is obvious, which has released a clear crackdown on illegal mortgage applications to the society and played a side role in the stability of housing prices.
The circular also requires strict qualification examination of real estate intermediary cooperation, implementation of business cooperation access and list management, and establishment of post-loan quality monitoring and intermediary withdrawal mechanism. Real estate agencies that provide down payment support for buyers and cooperate with "packaging companies" to help forge loan qualification certificates and income certificates should immediately terminate their cooperation, be blacklisted and submitted to Shanghai Banking Association.
"This policy directly refers to intermediaries providing' bridge funds' to buyers in violation of regulations, helping buyers to obtain false certification information in violation of regulations, thus obtaining the qualification to purchase houses or lowering the threshold for buying houses in disguise." Jaco said that the blacklist will have a deterrent effect on the intermediary industry, purify the industry atmosphere and promote the healthy development of the real estate market.