The slowness of the mortgages grows
04.02.2006
The slowness of the mortgage loans for housing acquisition rose in September, 2005 up to 0,401 % from 0,394 % registered in June, according to information of the Spanish Mortgage Association (AHE). The boxes supported in the above mentioned month a ratio of mortgage dudosidad of 0,388 %, over that of the banks, which was located in 0,349 %.
In any case, the valuation of doubtful of the mortgage credit keeps on behaving, in general, from a form more positive than that of the whole of the credit to the resident private sector. In particular, the slowness of the whole credit was located until September, 2005 in 0,819 %, lightly top at the registered level three months earlier, which was 0,812 %.
As it happens in the mortgage ones, the boxes present worse ratios of dudosidad than the banks in the set of the loans. This way - the first ones had catalogued 0,762 % of his value as of doubtful cashing, opposite to 0,710 % of the second ones.
The AHE adds that this information is the first ones prepared under the new countable norms of the introduced Spanish credit companies last June for the Spanish Bank, which they have affected to the previous series, what makes the comparisons difficult.
The new regulation classifies like doubtful the whole amount of the debt in operations that they take some defeated amount as principal, interests or agreed expenses contractualmente, with more than three months of antigí¼edad (bad debts) or when the classified balances as doubtful they are superior to 25 % of the amounts dependent on cashing. Thus it eliminates the ancient rule of dragging for operation with six months or a year of non-payment, depending on the type of borrower and purpose of the credit.
Source: consumer.es
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