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Residential mortgage lending risk management of the affordable housing market development in Russia
Klepikova, Elena and Rogozhina, Natalia |
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| The document shows that risk management in the residential mortgage lending industry has become particularly important in order to create an affordable housing market in Russia. According to a recent study, only 39 percent of households were satisfied with their living conditions, while 61 percent desired to improve them. If the industry learns to reduce the risk of mortgage lending, it will be able to grow successfully and be able to lower lending interest rates and increase housing finance affordability, thus providing more Russian citizens with the ability to afford decent housing. According to the work, the risk can be lowered through changes in legislation and alterations in bank practices, both of which would lower the risk. |
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