The impact of global financial crisis on changes of instruments and mechanisms on the Russian mortgage lending market
BURYAKOV V.G.
graduate student of the department «Economy and Finance», Rostov State University of Railway Transport
graduate student of the department «Economy and Finance», Rostov State University of Railway Transport
RAGOVIK L.V.
graduate student of the department «Economy and Finance», Rostov State University of Railway Transport
graduate student of the department «Economy and Finance», Rostov State University of Railway Transport
SIMONYAN A.S.
graduate student of the department «Economics», Institute of the service and entrepreneurship, Don State Technical University (branch)
graduate student of the department «Economics», Institute of the service and entrepreneurship, Don State Technical University (branch)
TERRA ECONOMICUS, 2013, Vol. 11 (no. 2.3),
p. 110-114
The article considers instruments and mechanisms of mortgage lending as well as some technologies providing modernization of lending systems and promotion of mortgage lending products of the Russian banks to customers. The long-established standard pattern of mortgage lending servicing is no longer effective, thus there is a need in new lending products and technologies which are serving customers needs and commercial banks return in order to support effective demand from banks clients and development of competitive mortgage lending market. New lending products and financial innovations of banks helps to widen the boundaries of mortgage lending market and provide sustainable development of the Russian finance and credit sector.
Keywords: mortgage lending; market of mortgage lending; new lending products; corporate mortgage; new technologies of risk management
References:
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- New products, technologies and services for the post-crisis financial services market (2012). Ed. by prof. L.Y. Andreeva, prof. O. Sviridov. Moscow. Vuzivska kniga.
- Skorohodov Y. (2011). Foreign gives Ok. Kommersant “House.” Application. No. 9 (64). 24.03. Available at: http://www.kommersant.ru/doc/1601962?themeid=493.
Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606
Founder: Southern Federal University
ISSN: 2073-6606