title: Ð£Ð¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ðµ Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÐ¼ Ð¶Ð¸Ð»Ð¸ÑÐ½ÑÐ¼ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸ÐµÐ¼
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¼Ð°Ð³Ð¸ÑÑÑÐ°
titleType: Subtitle
title: Mortgage and housing lending managment
Creators: name: Ð¢ÑÐ¾ÑÐ°ÑÑÐ²Ð°, ÐÐ¾Ð»Ð¸Ð½Ð°
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: 2020
Subjects: Ð¸Ð¿Ð¾ÑÐµÑÐ½Ð¾Ðµ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ðµ
Ð¶Ð¸Ð»Ð¸ÑÐ½Ð¾Ðµ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ðµ
Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÐµ ÑÐµÐ½Ð½ÑÐµ Ð±ÑÐ¼Ð°Ð³Ð¸
ÑÑÐ°Ð½ÑÐ°ÐºÑÐ¸Ð¾Ð½Ð½ÑÐµ Ð¸Ð·Ð´ÐµÑÐ¶ÐºÐ¸
ÑÐµÐºÑÑÑÐ¸ÑÐ¸Ð·Ð°ÑÐ¸Ñ
Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÐµ Ð¾Ð±Ð»Ð¸Ð³Ð°ÑÐ¸Ð¸
mortgage lending
housing lending
mortgage securities
transaction costs
securitization
mortgage bonds

description: Ð¢ÐµÐ¼Ð° Ð²ÑÐ¿ÑÑÐºÐ½Ð¾Ð¹ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð¾Ð¹ ÑÐ°Ð±Ð¾ÑÑ Â«Ð£Ð¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ðµ Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÐ¼ Ð¶Ð¸Ð»Ð¸ÑÐ½ÑÐ¼ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸ÐµÐ¼Â». Ð¦ÐµÐ»Ñ ÑÐ°Ð±Ð¾ÑÑ Ð·Ð°ÐºÐ»ÑÑÐ°ÐµÑÑÑ Ð² Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ð¸ ÑÐ¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ñ Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÐ¼ Ð¶Ð¸Ð»Ð¸ÑÐ½ÑÐ¼ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð¼ Ð¸ Ð¿Ð¾ÑÑÑÐµÐ»ÐµÐ¼ Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÑ ÑÐµÐ½Ð½ÑÑ Ð±ÑÐ¼Ð°Ð³. ÐÐ°Ð´Ð°ÑÐ¸ ÐºÐ¾ÑÐ¾ÑÑÐµ ÑÐµÑÐ°Ð»Ð¸ÑÑ Ð² ÑÐ¾Ð´Ðµ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ: 1. ÐÐ·ÑÑÐµÐ½Ð¸Ðµ ÑÐµÐ¾ÑÐµÑÐ¸ÑÐµÑÐºÐ¸Ñ Ð¾ÑÐ½Ð¾Ð² ÑÐ¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ñ Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÐ¼ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð¼. 2. ÐÐ½Ð°Ð»Ð¸Ð·Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ðµ Ð¾ÑÐ¾Ð±ÐµÐ½Ð½Ð¾ÑÑÐµÐ¹ ÑÐ¾Ð²ÑÐµÐ¼ÐµÐ½Ð½Ð¾Ð³Ð¾ Ð¸Ð¿Ð¾ÑÐµÑÐ½Ð¾Ð³Ð¾ Ð¶Ð¸Ð»Ð¸ÑÐ½Ð¾Ð³Ð¾ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ñ. 3. ÐÐ½Ð°Ð»Ð¸Ð· Ð°ÐºÑÐ¸Ð²Ð½Ð¾Ð³Ð¾ Ð¼ÐµÑÐ¾Ð´Ð° ÑÐ¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸ÐµÐ¼ Ð¿Ð¾ÑÑÑÐµÐ»ÐµÐ¼ Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÑ ÑÐµÐ½Ð½ÑÑ Ð±ÑÐ¼Ð°Ð³, Ð½Ð° Ð¾ÑÐ½Ð¾Ð²Ðµ ÑÑÐ½Ð´Ð°Ð¼ÐµÐ½ÑÐ°Ð»ÑÐ½Ð¾Ð³Ð¾ Ð°Ð½Ð°Ð»Ð¸Ð·Ð°. Ð Ð¿ÐµÑÐ²Ð¾Ð¹ ÑÐ°ÑÑÐ¸ Ð¿ÑÐµÐ´ÑÑÐ°Ð²Ð»ÐµÐ½Ñ ÑÐµÐ¾ÑÐµÑÐ¸ÑÐµÑÐºÐ¸Ðµ Ð¾ÑÐ½Ð¾Ð²Ñ ÑÐ¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ñ Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÐ¼ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð¼. Ð Ð°ÑÑÐ¼Ð¾ÑÑÐµÐ½Ð¾ ÑÐ°Ð·Ð²Ð¸ÑÐ¸Ðµ Ð¸Ð¿Ð¾ÑÐµÑÐ½Ð¾Ð³Ð¾ ÐºÑÐµÐ´Ð¸ÑÐ° Ð² Ð Ð¾ÑÑÐ¸Ð¸, ÑÐ°Ðº Ð¸ Ð² Ð·Ð°ÑÑÐ±ÐµÐ¶Ð½ÑÑ ÑÑÑÐ°Ð½Ð°Ñ. ÐÑÐ¾ÑÐ°Ñ ÑÐ°ÑÑÑ Ð¾ÑÑÐ°Ð¶Ð°ÐµÑ Ð¾ÑÐ¾Ð±ÐµÐ½Ð½Ð¾ÑÑÐ¸ Ð¸Ð¿Ð¾ÑÐµÑÐ½Ð¾Ð³Ð¾ Ð¶Ð¸Ð»Ð¸ÑÐ½Ð¾Ð³Ð¾ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ñ. Ð¢Ð°Ðº Ð¶Ðµ Ð¾Ð½Ð° Ð²ÐºÐ»ÑÑÐ°ÐµÑ Ð°Ð½Ð°Ð»Ð¸Ð· ÑÑÐ½ÐºÐ° Ð½ÐµÐ´Ð²Ð¸Ð¶Ð¸Ð¼Ð¾ÑÑÐ¸ Ð¸ Ð²ÑÐ´Ð°Ð½Ð½ÑÑ Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÑ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð². Ð ÑÑÐµÑÑÐµÐ¹ ÑÐ°ÑÑÐ¸ ÑÐ°ÑÑÐ¼Ð¾ÑÑÐµÐ½ ÑÑÐ½Ð´Ð°Ð¼ÐµÐ½ÑÐ°Ð»ÑÐ½ÑÐ¹ Ð°Ð½Ð°Ð»Ð¸Ð· ÑÐµÐ½Ð½ÑÑ Ð±ÑÐ¼Ð°Ð³. Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ñ ÑÑÐ¸ Ð¼Ð¾Ð´ÐµÐ»Ð¸ Ð¾ÑÐµÐ½ÐºÐ¸ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÑ Ð¾Ð±Ð»Ð¸Ð³Ð°ÑÐ¸Ð¹: Ð´ÑÑÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ Ð¼Ð¾Ð´ÐµÐ»Ñ, Ð¼Ð¾Ð´ÐµÐ»Ñ Ð´Ð¸ÑÐºÐ¾Ð½ÑÐ¸ÑÐ¾Ð²Ð°Ð½Ð¸Ñ Ð¸ Ð¼Ð½Ð¾Ð³Ð¾ÑÐ°ÐºÑÐ¾ÑÐ½Ð°Ñ Ð¼Ð¾Ð´ÐµÐ»Ñ. ÐÑÐµÐ´ÑÑÐ°Ð²Ð»ÐµÐ½Ñ Ð´Ð¾ÑÑÐ¾Ð¸Ð½ÑÑÐ²Ð° Ð¸ Ð½ÐµÐ´Ð¾ÑÑÐ°ÑÐºÐ¸ ÐºÐ°Ð¶Ð´Ð¾Ð¹ Ð¼Ð¾Ð´ÐµÐ»Ð¸, Ð±ÑÐ»Ð¾ Ð²ÑÑÐ²Ð»ÐµÐ½Ð¾, ÑÑÐ¾ Ð² Ð¼Ð¾Ð´ÐµÐ»ÑÑ Ð½Ðµ ÑÑÐ¸ÑÑÐ²Ð°ÑÑÑÑ ÑÑÐ°Ð½ÑÐ°ÐºÑÐ¸Ð¾Ð½Ð½ÑÐµ Ð¸Ð·Ð´ÐµÑÐ¶ÐºÐ¸. Ð ÑÐ°Ð±Ð¾ÑÐµ Ð¿ÑÐµÐ´Ð»Ð°Ð³Ð°ÐµÑÑÑ ÑÑÐµÑÑÑ ÑÑÐ°Ð½ÑÐ°ÐºÑÐ¸Ð¾Ð½Ð½ÑÐµ Ð¸Ð·Ð´ÐµÑÐ¶ÐºÐ¸, ÑÐ°Ðº ÐºÐ°Ðº Ð¾Ð½Ð¸ Ð·Ð½Ð°ÑÐ¸Ð¼Ñ Ð¿ÑÐ¸ Ð¾ÑÐµÐ½ÐºÐµ Ð´Ð¾ÑÐ¾Ð´Ð° Ð¸ Ð´Ð¾ÑÐ¾Ð´Ð½Ð¾ÑÑÐ¸ Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÑ Ð¾Ð±Ð»Ð¸Ð³Ð°ÑÐ¸Ð¹.
description: The aim of the work is to study the management of a home mortgage loan and a portfolio of mortgage securities. The tasks that were solved during the study: 1. Study of the theoretical foundations of mortgage loan management. 2. Analyzing the features of modern mortgage lending. 3. Analysis of the active method of portfolio management of mortgage-backed securities, based on fundamental analysis. The first part presents the theoretical foundations of mortgage management. The development of mortgage loans in Russia and in foreign countries is considered. The second part reflects the features of mortgage lending. It also includes an analysis of the real estate market and issued mortgage loans. The third part deals with the fundamental analysis of securities. investigated three models for assessing the value of mortgage bonds: duration model, discount model and multifactor model. The advantages and disadvantages of each model are presented, it was revealed that the models do not take into account transaction costs. The paper proposes to take into account transaction costs, as they are significant in assessing the income and yield of mortgage bonds.