There are negative signals regarding mortgages: late payments in the third quarter of 2026 increased 1.6 times and amounted to 264.5 billion rubles. It's not much (1.2% of the total mortgage portfolio), but the dynamics are worrying. Borrowers do not stop paying immediately. Usually, the difficulties begin two to three years after receiving a loan, when supplies run out, other expenses rise and the work situation changes. Exactly two or three years ago, in 2023 and the first half of 2024, there was a record flow of preferred mortgages. Then many of those who would not have taken it at all without government support took out loans. Now this wave has entered a difficult area. All this is happening against the background of a reduction in housing orders in Israel (about 10-12%). The market is cooling on both sides. It is more difficult for buyers to take loans and service them, and developers build less and need cash. Preferred mortgages helped get through 2023-2024. But part of the load was transferred to 2026-2027. Now this burden is beginning to manifest itself, mainly in a negative aspect.