China Construction Bank chairman Guo Raised floorShuqing has said: "When house prices fall 10% line will not affect me; if house prices fall 20% will have some negative effects; while down 30% or more, will have a greater negative impact. and I said falling house prices, not referring to a single city, but not the specific one or two real estate companies, but to more than 70 cities nationwide collective housing prices down. "
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The first is false mortgage flooded. If this trend continues the vicious cycle continues, the banks non-performing asset ratio will rise faster. Now, the income of borrowers that fraud is an open secret, overestimate the value of mortgage assets is common. Mission groups in the real estate speculators, and even the owner's name can be a pretext, and to spend several thousand dollars bought ID card for purchasing things, also in civil matters, see more do not blame. Are so close to the operation of systematic false mortgage industry chain, China's banking system, the natural frequency of the strange things.
"There is no credit not mortgage, do not enjoy OTDRpreferential treatment can not" and a fake mortgage best footnote. House prices in 2008 was the result of adjustment, tighten and strengthen the supervision and credit are closely related, but to the extremely loose monetary conditions in 2009, fake mortgages are not surprising resurgence of the.
Economist Andy Xie, a 2009 Economic Forum, said: "Some people pay to take credit buy a house down payment, with 27 credit cards to brush down payment, even holding the mortgages.
It turned out that people have a credit card machine at home, but also More credit card, your credit card at home can be. "to 27 credit card withdrawal is ashanghai massage down payment, and the surprise success of the reality of the mortgage process, although perhaps only a case, but inevitably people get cold after the spine.
