Abstract
Currently, in difficult epidemiological conditions, there are significant changes in all spheres of human life. Also, the negative impact of the coronavirus epidemic (COVID-19) was not spared by such a significant area for humanity as a mortgage. Mortgage activity has undergone significant changes in the context of the pandemic, especially under the influence of negative factors. However, despite the difficult epidemiological conditions, the Government of the Russian Federation proposed supportive measures and provided assistance to citizens who found themselves in a difficult situation. The article analyzes the trend in the development of mortgage lending, determines the dynamics of the volume of housing mortgage lending provided by credit institutions to individuals, reveals the interdependence between the number of loans issued and the mortgage rate, examines the impact of overdue debt on mortgage loans on the efficiency of a credit institution. The article examines the activities of the leader in mortgage lending Sberbank. The authors proposed measures to improve the efficiency of mortgage lending development in the activities of Sberbank.
Highlights
Mortgage lending provides a solution to the most important problem in Russia - to acquire their own housing for the population
Despite the difficult epidemiological conditions, the Government of the Russian Federation proposed supportive measures and provided assistance to citizens who found themselves in a difficult situation
The article analyzes the trend in the development of mortgage lending, determines the dynamics of the volume of housing mortgage lending provided by credit institutions to individuals, reveals the interdependence between the number of loans issued and the mortgage rate, examines the impact of overdue debt on mortgage loans on the efficiency of a credit institution
Summary
Mortgage lending provides a solution to the most important problem in Russia - to acquire their own housing for the population. The use of this mechanism allows interested parties to achieve their goals - the bank to receive income, the client to purchase housing at the expense of credit funds, which the bank transfers to the developer's account (if it is an object of the primary housing market) or to the seller's account (if it is an object of the secondary housing market). In 2009, only large commercial banks continued to operate in the mortgage lending market, tightening the conditions for issuing mortgage loans. Based on the data of the Central Bank of the Russian Federation, the authors the authors have drawn up Figures 1 and 2 [9]
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