25 Jul 2008

On the closure of economy housing loans

City has closed down a number of banks of economy housing loans, the bank claimed that it is impossible within the short-term loans for restoration.

And the town of Yubei District residents recently Mr. Zou is very depressing, originally prepared in the loan to buy the local economy housing, but left five banks are rejected, had to temporarily give up purchase plans.

An interview with reporters yesterday that city a number of banks, the banks closed down by the fitness of the issues are evasive. Termination of economy housing loans, a large state-owned banks to explain the suspension of the business Qingfeideyi because the economy is the application of the Government to address the urban low-income groups in housing starts, often by the Government allocated land to the developers, and cancelled Certain taxes and fees, the average price is lower than the local market. "But banks are therefore faced potential risks", the person said, as land is allocated, once the mortgage loan or mortgage loans are not normal loan, the bank inconvenience through the auction, sell or even shut down the form of asset disposal.

In response, city regulators, banks shut down the economy did not apply the specific acts and regulations, supervision and management departments have no right to interfere.

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