Accelerate mortgages and slow down surgeries. Improves the default rate
Still growing mortgages and default rates of improvement, despite the surge in brakes and rates that mark a slow upward trend. It is the scenario that merges crossing the data processed by the usual newsletter Bankitalia, from the 41st Assofin Retail Credit Observatory, Crif and Prometeia and the Mutuionline.it Observatory. According to Via Nazionale, banks in October raised rates slightly on new loans mortgage lenders with families with an average Taeg rising from 2.33% in September to 2.34% in October. In a context that remains favorable to the subscription of new loans despite the financial turmoil that is investing in the credit industry and the underlying uncertainty arising from referendum and government crises. "In the first nine months of 2016, households' mortgages - the Assofin report, Crif and Prometeia - have continued to grow in the last two years. The housing loan component, which is the most significant part of the new disbursements, shows a strong acceleration trend (+ 34.9%) reflecting the improvement in the trend in residential real estate sales. The "other mortgages" component, however, "after the very positive performance of the last two years, significantly rescues the growth trend (+ 17%). This trend is mainly due to the marked slowdown in surrogates, for which there is a gradual reduction in the mortgage pool for which this operation is convenient. "Good news on" insolvency ": • The risk of real estate mortgages has continued slow but progressive decline started in several quarters and in September 2016 the default rate was 1.4%, touching the level observed in the pre-crisis period. " In the period January-September 2016, the reduction of the amounts paid and the contractual terms of the new mortgages, which had characterized the last few years as a result of the boom of surrogates, was cut off, and fixed-rate mortgages reached nearly two-thirds of the disbursements. at historical reference rates, "which have driven families less risk-averse to prefer the certainty of a constant installment throughout the term of the contract, as well as the new fixed rate offers proposed by many banks in order to loose customers ». Trends fundamentally confirmed by Mutuionline.it - ??which still has a surrogate share still above 50% - with the fixed rate covering 74.7% of the subscriptions, confirming "the form of loan most disbursed in the first five months of the second half compared with at the variable rate for which 22.4% was recorded. " As for the duration, however, most mortgages are signed for 20 years (29.2%) and 15 years (21.2%). "It is 30.7% of the mortgage demand for loan-to-value loans between 71 and 80% of the value of the property, with 23.1% of the loans actually granted confirming such a LTV . The average amount of mortgages paid was € 122,649, up from the first half of 2016 (€ 115,605). At geographic location, 40.3% of Northern Ireland's loans were distributed, followed by the Center with 40.8%, South (13.1%) and Islands (5.8%). Reference: from ilsole24ore.comCondividi l'articolo
