Problems and Prospects of Housing Mortgage Lending Development in the Russian Federation

Abstract

Currently, the issues of housing mortgage lending development are becoming particularly acute and important, since their relevance is obvious, both for the development of the entire economy and for individual consumers. This growth driver is appropriate not only for the banking system and a number of industries, but also it can be a solution of one of the main social problems, that is providing housing for residents of the country. The analysis of scientific literature and the assessment of trends in the housing mortgage lending market indicates an increase in problems that need to be solved. At the same time, there is often a one-sided approach to solving the problems of housing mortgage lending, based on improving the system of bank mortgage lending or applying foreign experience in adapting mortgage models to the Russian credit market, or focusing on monetary methods of regulation. The article discusses various proposals for improving mortgage, mainly housing lending, and assesses the possibility of their implementation. It is proposed to approach the solution of problems in the field of housing mortgage lending in a comprehensive manner.