Finance and Credit

The World's Best Practices in Housing Mortgage Lending: Evidence from the USA

Vol. 24, Iss. 2, FEBRUARY 2018

Received: 15 November 2017

Received in revised form: 10 January 2018

Accepted: 24 January 2018

Available online: 1 March 2018

Subject Heading: Banking

JEL Classification: 

Pages: 441–454

Dolmatovich I.A. P.G. Demidov Yaroslavl State University, Yaroslavl, Russian Federation

ORCID id: not available

Keshenkova N.V. Sberbank of Russia, Yaroslavl Office No. 17, Yaroslavl, Russian Federation

ORCID id: not available

Subject This article discusses the financial and economic relations between participants of the U.S. mortgage lending market concerning the provision of mortgage banking products to both residents and non-residents.
Objectives The article aims to consider the U.S. mortgage lending practices.
Methods For the study, we used the dialectical research method, comprehensive and systems approaches, and statistical methods.
Results Having analyzed the U.S. current mortgage lending practices, we have developed and now present certain proposals to improve the functioning of the housing mortgage lending institution in Russia.
Conclusions The article expresses our opinion that some mechanisms of the U.S. residential mortgage system's functioning can be used in Russian practice.

Keywords: mortgage, debt, market, loan

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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Vol. 24, Iss. 11
November 2018