DEVELOPMENT OF MORTGAGE REFINANCING FORMS IN RUSSIA
The article deals with the main models of mortgage refinancing in world practice and their application in Russia. Refinancing form by means of issuing mortgage securities is defined as a priority one. The factors, hindering the development of the given direction, were identified, as well as reasons for unavailability of small and middle-sized banks in the mortgage securities market as emitters. Collective securitization as a new form of mortgage refinancing was suggested.
Keywords: mortgage, commercial bank, securitization, mortgage securities, refinancing.
Valentina A. Savina, Doctor of Economics, Professor; Timur N. Faizullin, a post-graduate student. - Samara State University of Economics.