title: Ð¡ÐµÐºÑÑÑÐ¸ÑÐ¸Ð·Ð°ÑÐ¸Ñ Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÑ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð²
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð±Ð°ÐºÐ°Ð»Ð°Ð²ÑÐ°
titleType: Subtitle
title: Securitization of mortgage loans
Creators: name: ÐÐ¸ÐºÐ¸ÑÐ¸Ð½Ð°, ÐÐ¸ÐºÑÐ¾ÑÐ¸Ñ
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2021
Subjects: ÑÐµÐºÑÑÑÐ¸ÑÐ¸Ð·Ð°ÑÐ¸Ñ
Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÐµ ÐºÑÐµÐ´Ð¸ÑÑ
Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÐ¹ ÐºÑÐ¸Ð·Ð¸Ñ
ÑÐµÐºÑÑÑÐ¸ÑÐ¸Ð·Ð°ÑÐ¸Ñ Ð² Ð Ð¾ÑÑÐ¸Ð¸
Ð±Ð°Ð½ÐºÐ¸-Ð¾ÑÐ¸Ð³Ð¸Ð½Ð°ÑÐ¾ÑÑ
Ð¾ÑÐµÐ½ÐºÐ° ÑÐµÐ·ÑÐ»ÑÑÐ°ÑÐ¸Ð²Ð½Ð¾ÑÑÐ¸
securitization
mortgage loans
mortgage crisis
securitization in Russia
originator banks
impact assessment

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description: The purpose of the graduate qualification work is to analyze the mortgage securitization market in Russia and assess the impact of off-balance sheet securitization of mortgage loans on the performance of Russian banks. To achieve the goal of the study, a method was developed to assess the impact of securitization transactions on the financial performance of banks using the G-criterion of signs. The object of the research is the mechanism of off-balance sheet securitization of mortgage loans. The subject of the research is the financial performance of Russian banks that carried out off-balance sheet mortgage securitization transactions in the period from 2016 to 2021. The analysis is carried out on the basis of data from the financial statements of banks before and after securitization transactions, assuming that the most significant factor influencing the financial performance of banks is the issue of secured securities. The results of the study showed that there is no unambiguous effect of securitization on the financial performance of Russian banks, which can be proved empirically. Securitization of mortgage loans has an unambiguous positive effect only on the net profit indicator.