FACTORS THAT AFFECT THE MORTGAGE LENDING IN THE RUSSIAN FEDERATION

The article is devoted to the study of the practice of mortgage lending by credit institutions of the Russian Federation. The approaches developed in the economic literature and legislation to the definition of concepts: “mortgage”, “mortgage loan” and “mortgage lending” are considered. It is noted that the mortgage loan has its own characteristics in comparison with other types of bank lending. The concept of “mortgage lending” is considered in a broad and narrow sense. It is noted that mortgage lending represents, on the one hand, a separate important activity of credit institutions aimed at generating income, and on the other hand, an important part of the social sphere of the country’s economy. Separately, the paper presents the period of the formation of mortgage lending practices by credit institutions in the Russian Federation since 1992, the influence of the financial crises of 1998 and 2008 on the mortgage lending market is considered. The article analyzes and estimates the volume of mortgage housing loans in GDP; dynamics of mortgage housing loans granted to individuals; level of overdue loans for mortgage housing loans; average prices in the housing market; per capita incomes and expenditures of the population; the number of credit institutions operating in the mortgage lending market for 2013–2017. The conducted research of the mortgage lending market made it possible to identify the problems of credit institutions when providing and servicing mortgage loans, to identify macroeconomic factors directly affecting the further development of mortgage lending in the Russian Federation, and to separate into a separate group factors that directly depend on the credit institutions themselves as key participants in the mortgage market crediting.

crediting, mortgage, mortgage loan, mortgage lending, mortgage lending market, risks of mortgage lending institutions, housing fund of the country, government mortgage subsidy programs, factors influencing the development of mortgage lending.

Tatarinova L. V., Plotnikova V. A. Factors that affect the mortgage lending in the Russian Federation // Business. Education. Law. 2018. No. 4 (45). Pp. 208–216. DOI: 10.25683/VOLBI.2018.45.444.