“房贷倒挂”引关注，识别“高评高贷”下的恶意断供

Core Viewpoint - The article discusses the phenomenon of "mortgage inversion," where the market value of properties falls below the outstanding mortgage balance, leading to increased concerns about potential defaults among homeowners [4][8]. Group 1: Mortgage Inversion Phenomenon - "Mortgage inversion" refers to the situation where the market price of a property drops below the remaining mortgage balance, causing financial strain for homeowners [3][4]. - Homeowners like Xiao Zeng and Chen Chen illustrate the impact of mortgage inversion, with property values significantly declining compared to their original mortgage amounts [5][6]. - The average price of second-hand residential properties in 100 cities fell by 0.84% month-on-month and 7.60% year-on-year, indicating ongoing downward pressure on property prices [8]. Group 2: Default Risks - The article clarifies that mortgage defaults are not directly caused by mortgage inversion, as most borrowers are willing to repay their loans unless they face significant financial difficulties [3][9]. - Legal experts categorize defaults into "benign" (due to genuine financial hardship) and "malicious" (where borrowers have no intention to repay) [9]. - The risk of defaults is heightened for borrowers who leveraged their investments aggressively and are now facing income reductions [9]. Group 3: Bank Relief Measures - Banks are implementing various relief measures to assist borrowers facing financial difficulties, such as extending loan terms and reducing interest rates [10][12]. - Some banks offer grace periods during which borrowers are exempt from principal and interest payments, aiming to alleviate immediate financial pressure [12]. - Experts suggest that banks should adopt flexible repayment options for borrowers genuinely unable to meet their mortgage obligations while taking strict actions against malicious defaulters [12][13]. Group 4: Market Trends and Policy Responses - The article notes that property prices in some areas have dropped to levels seen in 2017, with declines exceeding 40% in certain cases, contributing to the rise of mortgage inversion cases [8][9]. - Recent government policies aimed at stabilizing the real estate market include tax incentives and measures to promote high-quality development in the sector [13]. - The article emphasizes the importance of managing the supply of second-hand properties to mitigate market risks and promote a healthier real estate cycle [13].