Russian Mortgage Indices

is a joint project of RuMAC,
leading analytical mortgage website RusIpoteka.ru and
National Association of Mortgage Market Participants (NAUIR)

RMI
RPI
RRI
май 07июн 07июл 07авг 07сен 07окт 07 ноя 07дек 07янв 08фев 08мар 08апр 08 май 08июн 08июл 08авг 08сен 08окт 08 ноя 08дек 08
100981331221201281261476611012011996100106103108   
10.5427.8018.5931.4320.9131.9326.3322.2414.6527.8919.149.7310.8116.199.6810.736.86   
3.0419.0910.8528.016.9117.9416.8017.898.4018.794.783.822.745.922.872.992.85   
       
  RMI - RuMAC Mortgage Index   RPI - RuMAC Prepayment Index   RRI - RuMAC Refi Index  

Archive of Results

RuMAC has started Russian Mortgage Indices with a goal of providing market participants with analytical tools for monitoring Russian mortgage market. We aggregate data from largest Russian originators with total share of mortgage market at about 50% (w/o Sberbank).

RuMAC currently calculates three monthly indices:

 
  • Mortgage Index (RMI) – shows growth in new mortgage issuance
  • Prepay Index (RPI) – shows speed of prepayments (in CPR)
  • Refi Index (RRI) – shows speed of full prepayments or refinancing (in CPR)

Methodology

RuMAC Mortgage Index (RMI) is calculated as the ratio of new mortgages volume for a month to the base period volume (may 2007) multiplied by 100. In case new participant joins the project, RMI is recalculated using historical data from this participant.

RuMAC Prepayment Index (RPI) is the annualized ratio of prepayments for the period to the mortgage portfolio size at the beginning of the period net of scheduled payments for the period.

RuMAC Refi Index (RRI) is the annualized ratio of full loan prepayments for the period to the mortgage portfolio size at the beginning of the period net of scheduled payments for the period.