You are here

Putin pins housing hopes on mortgage factory

Russia is seeking to attract buyers to its 4.5 trillion ruble mortgage market to drive down borrowing costs and increase competition

BT_20170420_NSPUTIN20_2847714.jpg
"You have to be an optimist in the mortgage business. Otherwise you wouldn't hand out a loan for 30 years." - Andrey Suchkov, head of securitisation at VTB Capital

Moscow

VLADIMIR Putin is taking a page from the US housing market to boost home ownership. Call it Russia's Fannie Mae.

The government last year set up a so-called mortgage factory to help lenders bundle home loans with state backing in a one-stop shop. 

On Wednesday

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom