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Idiana Tomazelli, Lorenna Rodrigues and Fabrício de Castro, do Estadão Table of subjects
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31 July 2018, 8:30 pm
Brasília – Housing loans granted by banks with savings funds may have interest rates freely agreed with borrowers, according to the news published on Tuesday 31, by the National Monetary Council (NMC), which will enter into force on 1 January 2019. The Central Bank's Regulatory Director, Otavio Damaso, denied that the measure
"The current conditions of the market suggest that there will be no increase in interest . "
Another measure adopted by the CMN is the possibility that these contracts may have other indexers to correct the timing of the financing.Today, it is mandatory to use the reference rate ( TR) as an indexer
Damaso explained that this initiative will not make buyer financing more attractive, on the contrary, it could have the effect of depreciating mortgage credit . "This expands the range of loans. options for borrowers. Financial institutions may grant fixed rates. In general, families who are financing with builders (at the factory) are already undergoing an update from the NCIC (construction of inflation), said the director.
"It's an advantage. "
For financial institutions, the easing of the index facilitates the securitization of credit (when the institution" sells ", at a discount, the right to receive that money to anticipate income and to grant new loans.) "TR-based transactions limit this securitization and therefore financing.
The current rules of mortgage credit require that 65% of savings resources be invested in real estate financing, and that this [flexibilisation] will oxygenate and will capture more resources for the real estate market. 80% must be borrowed under the terms of the Financial System Housing (SFH), which limits interest to 12% per year plus TR. The new resolution extinguishes the requirement to apply 80% of the savings resources reserved for real estate financing under the SFH.
The director also pointed out that there is no longer any limit of valuation for real estate financed with the resources of the savings. FGTS
Damaso pointed out that, for the financing contracted under the SFH and whose beneficiaries use FGTS to amortize part of the contract, the limit of the value of the property was increased to 1 , R $ 5 million, national level, on an ongoing basis. "We asked the FGTS for this change." This measure was already in effect a year ago, but we evaluated what impact was not so important for the FGTS and we chose to go from there. 39, before in this line ", he declared
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