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Mortgage may become more beneficial for trustworthy borrowers

... Dom.RF. The Ministry of Finance hopes to simplify the process of issuing mortgage bonds in this way - the current situation should increase the amount of free funds in this area. It is assumed that this will provide an opportunity to reduce mortgage rates for trustworthy borrowers, Izvestia reports . It is worth noting that such a tool is already functioning, but with one difference - Dom.RF does not have access to information about borrowers' credit histories and, as a result, the ability to fully assess the risks. The Ministry of Finance is confident that the new instrument will, on the one hand, reduce the cost of securitization,...

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