Banks continue to actively use mortgage bonds guaranteed by DOM.RF (IMB DOM.RF) to obtain additional liquidity. From April to June, the volume of repo transactions with IMB increased by 22% compared to the beginning of the year and reached 4.5 trillion rubles, according to the «Mortgage Bond Market Review» for the second quarter of 2024, which was prepared by the DOM.RF Analytical Center.
Analysts note a further decrease in the average weighted rate of early repayment of mortgages (CPR) secured by IMB DOM.RF in the context of rising market rates. In the first quarter of 2024, it decreased from 13.5% to 11.6%, in the second quarter — by another 0.9 percentage points, to 10.7%. Taking into account scheduled repayments (5.4%), the overall rate of amortization of mortgage coverage decreased from April to June to 16.4% (-0.8 p.p. compared to the first quarter of 2024).
The qualitative characteristics of mortgage loans secured by DOM.RF mortgage bonds remain at a consistently high level. Thus, as of June 30, 2024, the LTV indicator (the ratio of the current balance of the principal debt on the loan to the value of the collateral at the time of issuing the loan) was 53% with an acceptable level of 80% for inclusion in the mortgage coverage, PTI (the ratio of the current monthly loan payment to the borrower's income at the time of issuing the loan) decreased from 33% to 31% with an acceptable level of 65%. The rate of mortgages going into delinquency over 90 days (CDR) remained low at 0.29%.
For more information on the «Mortgage Bond Market Review» for the second quarter of 2024, please follow the link.
Свежие комментарии