On Russia's lending market could hit a crisis caused by massive non-return of mortgage loans. Such concerns voiced Igor Kuzin, chairman of Bank DeltaCredit "- one of the leaders in the field of mortgage lending. In pursuit of bank customers today often give out risky loans, he said. The most dangerous, according to the banker, received today, distribution of loans with no down payment. At the margin, which are financial institutions for mortgage products is much lower than for the consumer, said Kuzin. As mortgage rates banks provide a 0.5% profit on the bet, and in consumer credits - up to 40%.

Thus, Russia may repeat the American scenario. Broke out in winter 2007 sub-prime crisis in the mortgage market in the United States was caused by the fact that in pursuit of bank customers simplified credit conditions and issued loans with no down payment, even people with no credit history and low income.

Until 2006, when property prices were high, many Americans have borrowed, as well as any interest you can pay back, then resold the apartment.

In 2005, the house is often found a buyer within a few days after the appearance on the market and greatly overpriced. By the summer of 2006, a proposal on both the primary and the secondary market has increased, but demand has fallen. Average price per square meter in most states has declined and interest rates rose. As a result, experts estimate that about 1.5 million Americans have been unable to pay the loan and the amount of outstanding mortgage risk has reached $ 1.3 trillion.

Russia is on the same path.

"Consumer lending can digest sub-prime crisis, and for this mortgage crisis will be the system" - fears Kuzin.

Director of sales and development of the Russian Mortgage Bank Alex Dorosh believes that the market for mortgage lending in Russia today really is a lot like what happened several years ago in the United States. He also believes that the impending crisis demonstrates widespread programs with zero down payment. "Requirements for borrowers is minimal, does not require proof of income, even major players in the market", - he said. On his anxiety caused by the high-risk loans, claims and general manager of retail products and services of the International Moscow Bank Alexey Aksenov. "During that period, until the borrower pays the loan, the property market may" prosest "interest on 20%, that is flat, which acquired the loan borrower can get cheaper on this percentage. If for some reason the borrower refuses to continue to pay the loan, the bank, realizing it does not pay for their costs ", - said Aksenov.

There is another reason for concern. People who have taken a loan with no down payment, are in fact not the borrowers, and tenants who simply pay the bank a monthly rent for an apartment. According to the President CreditStar Sergei Sevryugin, today, if you take a loan for 30 years at $ 200 thousand for the purchase of a two-bedroom apartment, the monthly will be paid on a loan of about $ 1000. And this is roughly comparable to those that have to pay for removable dvushku, expert says.

Banks lower mortgage rates, while rental rates, especially in the segment of economy class, on the contrary, all the time increasing. All this creates the preconditions for the emergence of the borrowers who benefit from taking a mortgage than rent an apartment for rent.

But in this case, they can at any moment to abandon the apartment, stopped paying the loan.

However, not all bankers share this pessimism. Deputy CEO of Absolut Bank Oleg Skvortsov saw no prerequisites for a critical situation. "The fall in prices on the real estate market is not observed, rather, it is a correction of the real estate market, the demand for real estate does not fall, welfare increases, the volatility in the stock market also did not affect the solvency of the population", - said the expert. For example, his bank's failure to present the mortgage is less than 1% of the portfolio, therefore, premature to predict a crisis, says banker.

He could see no particular reason for concern and the first deputy chairman of the City Mortgage Bank Ruslan Iseev. No growth of arrears on its mortgage lending institution is not watching. A dangerous situation could arise if the economic situation deteriorated sharply in the country, and then borrowers would be unable to meet its obligations. But now the grounds for a sharp, avalanche deteriorating economic situation, the expert does not see. Agrees with him and the deputy chief of the Mortgage Bank of Moscow, Vyacheslav Shalamov. According to him, today virtually all market players adhere to a strict credit policy in respect of borrowers. "But even if the defaults start, then the maximum where it leads - is an increase in isolated cases of arrears - a banker thinks. - Given the rather small amounts of the mortgage market in Russia, a systemic crisis is simply not possible.

However, if the mortgage becomes a mass phenomenon or real estate prices continue to slide down into the ranks of the pessimists may be a significant replenishment.