СОВЕРШЕНСТВОВАНИЕ ОРГАНИЗАЦИИ ФИНАНСИРОВАНИЯ ИПОТЕЧНОГО КРЕДИТОВАНИЯ В ПОСТКРИЗИСНЫЙ ПЕРИОД

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    06-Apr-2017

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<ul><li><p>97</p><p>JOU</p><p>RNAL</p><p> OF </p><p>ECON</p><p>OMIC</p><p> REG</p><p>ULA</p><p>TION</p><p> (</p><p>)</p><p> 2, </p><p> 2</p><p>. 20</p><p>11</p><p> , , ,</p><p>e-mail: nekrasova@mail.ru </p><p> , 5 080105 </p><p> , ,</p><p>e-mail: andrey.m04@gmail.com</p><p> -. - . .</p><p> : ; ; ; ; ; . </p><p>The article examines the mortgage market after the crisis. The problem of money resources is coming out for the market of mortgage credit. Creation of specialized mortgage agency is coming out.</p><p>Keywords: mortgage lending; securitization; secondary market; mortgage-backed securities; mortgage agent; funding.</p><p> JEL: G21.</p><p> 2010 . : 300 380 ., 2,5 2009 ., - 2,3 . , ( ./)1 (. . 1), - . 2011 . , - . .</p><p> , . . -. , . 20102011 . 19,69% 11% . , , 888. 8- 8% </p><p>1 .: .</p><p> .. , .. , 2011</p></li><li><p>JOU</p><p>RNAL</p><p> OF </p><p>ECON</p><p>OMIC</p><p> REG</p><p>ULA</p><p>TION</p><p> (</p><p>)</p><p> 2, </p><p> 2</p><p>. 20</p><p>1198</p><p> 8 , .</p><p>. 1. </p><p> - - . : - .</p><p> - : , , , , . - . </p><p> , : ( ) - ( - ), .</p><p> . - , : , , , . , - - .</p><p> - -</p><p>.. , .. </p></li><li><p>99</p><p>JOU</p><p>RNAL</p><p> OF </p><p>ECON</p><p>OMIC</p><p> REG</p><p>ULA</p><p>TION</p><p> (</p><p>)</p><p> 2, </p><p> 2</p><p>. 20</p><p>11</p><p> - . - 2.</p><p> , - , . , - .</p><p> , , ( , ), , - , , - , .</p><p> (asset-backed), - , , (fandbrief-stile). , , . , - . </p><p> (Mortgage Backed Securities MBS) , - (Pfandbriefe).</p><p> - , , (), , - ( , - ) - ( -). , . - . -, - Pfandbriefe , , - . MBS, MBS. -, Pfandbriefe -, MBS . , - , , . -, - . - -, MBS (SPV) . -: - ( -</p><p>2 .: 2030 .</p><p> ...</p></li><li><p>JOU</p><p>RNAL</p><p> OF </p><p>ECON</p><p>OMIC</p><p> REG</p><p>ULA</p><p>TION</p><p> (</p><p>)</p><p> 2, </p><p> 2</p><p>. 20</p><p>11100</p><p>), MBS , , , - SPV .</p><p> -, MBS. , , -, .</p><p> - . </p><p> . -, , , -, , , . </p><p> , . - - -. . .</p><p> - 1997 ., - . , , . 100%- . . - , , , . </p><p> - 11.11.2003 . 152- 3. , : 2006 . - - . </p><p> . -, -. -</p><p>3 .: 11 2003 . N 152- .</p><p>.. , .. </p></li><li><p>101</p><p>JOU</p><p>RNAL</p><p> OF </p><p>ECON</p><p>OMIC</p><p> REG</p><p>ULA</p><p>TION</p><p> (</p><p>)</p><p> 2, </p><p> 2</p><p>. 20</p><p>11</p><p> ...</p><p> , . , . - , . - , .</p><p> . , - , :</p><p> ( - );</p><p> ; ; .</p><p> , - , .</p><p> . , - , , - , , - , , . - .</p><p> - , - () - . - , . , - . . - . , , - 4.</p><p>, ( ), - . ( ) , - ( ). . , , . </p><p>4 .: 11.11.2003 . 152- .</p></li><li><p>JOU</p><p>RNAL</p><p> OF </p><p>ECON</p><p>OMIC</p><p> REG</p><p>ULA</p><p>TION</p><p> (</p><p>)</p><p> 2, </p><p> 2</p><p>. 20</p><p>11102</p><p> - -. , - , . Standard &amp; Poors (S&amp;P).</p><p> , , -, - - , ( S&amp;P). . ( 2008).</p><p> , . - , () , . : ) ( , Pfandbriefe); ) ( ). : ( ). , - - - , - . . , , , - ( - ). , (), - . - . , , - - - - .</p><p> , - . , , -, Pfandbrief, .</p><p> - </p><p>.. , .. </p></li><li><p>103</p><p>JOU</p><p>RNAL</p><p> OF </p><p>ECON</p><p>OMIC</p><p> REG</p><p>ULA</p><p>TION</p><p> (</p><p>)</p><p> 2, </p><p> 2</p><p>. 20</p><p>11</p><p> . </p><p> , , - . , , , - , .</p><p> -, , - . - , - .</p><p> , - , .</p><p> 10 . . , , .</p><p> , , , - . </p><p> , , , - , - , - .</p><p> , - , - - () - , . </p><p> . </p><p> , - , , . </p><p> , - - . </p><p> ...</p></li><li><p>JOU</p><p>RNAL</p><p> OF </p><p>ECON</p><p>OMIC</p><p> REG</p><p>ULA</p><p>TION</p><p> (</p><p>)</p><p> 2, </p><p> 2</p><p>. 20</p><p>11104</p><p> , - -, , , .</p><p> - , , . , , . .</p><p> - , , -. -, - . , . -, . - .</p><p> , - , , - , . . , , , , .</p><p> . 11 2003 . 152- </p><p> . -</p><p> 2030 . .. (2008). : , </p><p>, // . 4. (http://bankir.ru/).</p><p>.. , .. </p></li></ul>

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