THE CURRENT TRENDS AND FACTORS IN THE DEVELOPMENT OF MORTGAGE HOUSING LENDING IN RUSSIA

2020 ◽  
Vol 6 (4) ◽  
pp. 320-333
Author(s):  
Natalia A. BABURINA ◽  
Alexey G. KUTSEV ◽  
Daria D. Mukhametzianova ◽  
Lilia A. Kharitonova
Keyword(s):  
Regression Analysis ◽  
Dynamic Analysis ◽  
Interest Rates ◽  
Residential Buildings ◽  
Weighted Average ◽  
Real Estate Market ◽  
Mortgage Lending ◽  
Russian Scientific ◽  
Statistical Dynamic ◽  
Lending Institutions

The presented work contributes to the development of the studies evaluating the key determinants of mortgage housing lending development in Russia. Despite a relatively well-developed body of research in the field of mortgage housing lending, devoted to revealing the essence, functional purpose, and implementation mechanism, the works, aimed at identifying the factors influencing its development in the current economic environment in Russia, are under-represented in the Russian scientific field. This study aims to assess the dynamics of mortgage housing lending in the contemporary economic conditions and to identify the determinants of its defining. The research methodology is based on the use of statistical dynamic analysis and correlation-regression analysis. The work is based on the application of methods of statistical dynamic analysis and correlation-regression analysis. Assessment of the dynamics has shown the general trend towards an increase in the volume of mortgage housing loans. However, some periods have been noted to have a negative dynamic primary related to the negative external environment and stagnation of the economy, due to the COVID-19 pandemic. Additionally, this article presents the assessment of the qualitative indicators characterizing the level of penetration and the degree of aggressiveness of lending institutions’ policies on housing mortgage lending. The authors have built a panel data model that has allowed identifying the key determinants of the development of residential mortgage lending in Russia. The results have revealed that the state of the mortgage lending sector in Russia is influenced by such factors, as the commissioning of residential buildings, the cost in the primary real estate market, weighted average interest rates, and the unemployment rate.

scholarly journals THE NATURE OF MORTGAGE REPAYMENT PLANS IN GHANA

2020 ◽  
Vol 2 (3) ◽  
pp. 91-104
Author(s):  
Justice Agyei Ampofo
Keyword(s):  
Interest Rates ◽  
House Prices ◽  
Supply And Demand ◽  
Mortgage Lending ◽  
Housing Finance ◽  
Fixed Rate ◽  
Mortgage Loans ◽  
Middle Income ◽  
Exchange Rate Fluctuations ◽  
Lending Institutions

Mortgage finance is one source of capital that cannot be ruled out when it comes to housing finance. It has globally aided many countries in terms of housing finance. A country’s housing finance system can work effectively if there is/are mortgage repayment plan(s) that would ensure flexibility in repayment of mortgage loans and encourage supply and demand for mortgage products. The study sought to find out the types and nature of mortgage repayment plans in Ghana. All the financial institutions which were into mortgage banking constituted the sample. The result shows that fixed rate method is the commonest method used in Ghana and other repayment plans have evolved from the fixed rate repayment plan. Exchange rate fluctuations, high interest rates and high house prices result in higher initial monthly mortgage repayment using the fixed rate repayment plan. It is recommended that mortgage lending institutions should reduce their interest rate for low middle income earners in Ghana to qualify for mortgage.

scholarly journals Reorganization of the technology and procedures for conducting mortgage transactions

2018 ◽  
Vol 80 (2) ◽  
pp. 473-477
Author(s):  
N. N. Kudryavtseva ◽  
Yu. V. Pakhomova ◽  
Yu. N. Duvanova
Keyword(s):  
Interest Rates ◽  
Banking Sector ◽  
Real Estate Market ◽  
Mortgage Lending ◽  
Mortgage Market ◽  
The Real Estate ◽  
Advantages And Disadvantages ◽  
Stage Of Development ◽  
Banking Activity ◽  
The Moment

The article considers the structure of mortgage lending of PJSC "VTB24", presents the functions of the Department of mortgage lending and the Department of conclusion and support of mortgage transactions. The scheme of the mortgage transaction is analyzed and its advantages and disadvantages are given. At the moment, there is a high probability of further curtailment of Bank licenses and the flow of depositors ' funds to larger banks at lower interest rates. At the same time, the Central Bank allows for a 2 – fold drop in profits from banking activities to the level of 300 billion rubles a year. At the present stage of development of the Russian economy, the banking sector is no longer experiencing a period of rapid growth, as it was a year and a half earlier. However, credit institutions continue to slowly increase the volume of lending operations, thus trying to ensure the gradual saturation of the Russian market of banking services. The growth of assets of Russian banks is based on the increase in the volume of loans granted. Lending to the economy and the population has firmly taken the place of the main type of banking activity. The most rapidly developing segment of the credit services market is lending to the population. The mortgage market should be considered as part of the interaction between the banking market, the real estate market, the insurance market and the securities market and their derivatives. The level of development of the mortgage market depends on the level of development of these markets. They are interrelated and interdependent elements of a single mortgage system in the country. In turn, the mortgage market can also be seen as a necessary element of the above markets

scholarly journals Dynamic analysis of the effects of mortgage-lending policies in a real estate market

2013 ◽  
Vol 57 (9-10) ◽  
pp. 2106-2120 ◽  
Author(s):  
Sungjoo Hwang ◽  
Moonseo Park ◽  
Hyun-Soo Lee
Keyword(s):  
Real Estate ◽  
Dynamic Analysis ◽  
Real Estate Market ◽  
Mortgage Lending

scholarly journals The Risk-Return Behavior of Real Estate Mezzanine Investment (REMI) – The Singapore Experience

2020 ◽  
Vol 6 (3) ◽  
pp. p65
Author(s):  
HO, Kim Hin / David ◽  
Javier Calero Cuervo
Keyword(s):  
Real Estate ◽  
Interest Rates ◽  
Commercial Bank ◽  
Weighted Average ◽  
Real Estate Market ◽  
Bank Loans ◽  
Model Risk ◽  
The Real Estate ◽  
And Performance ◽  
Capital Value

REMI is a new financial instrument for Asia’s real estate market offering superior returns than those for the typical commercial bank loans. The resultant risk exposure is relatively high. With recent and robust growth of the Singapore real estate market, there is the fast-growing real estate investment trust market. This paper examines the REMI structure, the measurement and characteristics of its risks and returns via a forward-looking binomial asset tree (BAT) model. Risk neutral pricing probability is adopted to construct the BAT tree. TRs are measured by the probability weighted average returns and discussed under different scenarios. REMI bears more risk than typical commercial bank loans, resulting in higher interest rates than pure equity. Different risk issues focus on two major sources - the financial LTV ratio risk and the real estate and capital markets risk. Empirical analysis involves a rigorous discrete-time forecasting of the market rent and capital value expectations of Singapore’s prime office sector, given the conditions and assumptions unique to this market. This paper fulfils the need to close the gap concerning the REMI structure and performance in the steady state, utilizing reliable, authoritative information and data sources.

Tenants' Satisfaction in High Residential Building

2020 ◽  
Vol 17 (1) ◽  
pp. 41
Author(s):  
UMMU SHOLEHAH MOHD NOR
Keyword(s):  
Urban Areas ◽  
Residential Buildings ◽  
Low Cost ◽  
Residential Building ◽  
Real Estate Market ◽  
The Real Estate ◽  
Level Of Satisfaction ◽  
Considerable Impact ◽  
Residential Living ◽  
Medium Cost

High residential living in Malaysia has not been widely given a significant emphasises in literature despite its increasing scale and significance in the real estate market. The significance of high rise is mainly due the increasing rate of migration from rural to urban. It is estimated a total of 77.2 percent of the Malaysian population lived in urban areas in 2020. Approximately, 30 percent of this urban population lives in strata housing. These percentages are predicted to continue to increase in the future. The emergence of high residential building has been argued as confronting various problems which has considerable impact on this life style. Satisfaction is an important outcome of living in one’s dwelling, although it is not the only consideration. High residential building in Malaysia encountered numerous problems in term of management aspects, legislation aspects, and residents’ satisfaction. The purpose of this paper is to investigate the tenants’ satisfaction living in high residential buildings in Klang Valley. The questionnaires survey is conducted amongst 276 tenants at low cost and medium cost HRB using random sampling in HRB located at areas under jurisdiction Dewan Bandaraya Kuala Lumpur (DBKL), Majlis Bandaraya Subang Jaya (MBSJ), Majlis Bandaraya Shah Alam (MBSA), Majlis Bandaraya Subang Jaya (MBSJ), Majlis Perbandaran Selayang (MPS) and Majlis Perbandaran Ampang Jaya (MPAJ). The result from this study shows that tenant in medium cost residential building are more satisfied in term of facilities and management as compared to tenants in low cost residential building. Tenants also not disclosed to the existing act and procedure related to high residential building. In conclusion, this study suggested the Local Authority to emphasise the role of tenant. These recommendation hopefully will increase the level of satisfaction amongst the residents in HRB.

A fuzzy logic neural network algorithm for compressor crankshaft-rolling bearing system optimization

2021 ◽  
pp. 1-7
Author(s):  
Zheng Zhang ◽  
Jianrong Zheng
Keyword(s):  
Neural Network ◽  
Fuzzy Logic ◽  
Dynamic Analysis ◽  
Weighted Average ◽  
Rolling Bearing ◽  
System Optimization ◽  
Simulation Software ◽  
Network Algorithm ◽  
Neural Network Algorithm ◽  
Bearing System

Taking the crankshaft-rolling bearing system in a certain type of compressor as the research objective, dynamic analysis software is used to conduct detailed dynamic analysis and optimal design under the rated power of the compressor. Using Hertz mathematical formula and the analysis method of the superstatic orientation problem, the relationship expression between the bearing force and deformation of the rolling bearing is solved, and the dynamic analysis model of the elastic crankshaft-rolling bearing system is constructed in the simulation software ADAMS. The weighted average amplitude of the center of the neck between the main bearings is used as the target, and the center line of the compressor cylinder is selected as the design variable. Finally, an example analysis shows that by introducing the fuzzy logic neural network algorithm into the compressor crankshaft-rolling bearing system design, the optimal solution between the design variables and the objective function can be obtained, which is of great significance to the subsequent compressor dynamic design.

scholarly journals Pengaruh Suku Bunga, Loan to Deposit Ratio (LDR) dan Pertumbuhan Kredit terhadap Inflasi di Indonesia

Jurnal Ecogen ◽  
2019 ◽  
Vol 1 (3) ◽  
pp. 557
Author(s):  
Putri Yeni ◽  
Syamsul Amar ◽  
Alpon Satrianto
Keyword(s):  
Time Series ◽  
Regression Analysis ◽  
Interest Rate ◽  
Interest Rates ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Credit Growth ◽  
Descriptive Research ◽  
Positive Effect

This study aims to analyze the influence of interest rates, Loan to Deposit Ratio (LDR) and credit growth to inflation in Indonesia. This type of research is descriptive research and uses secondary data in the form of time-series from 2007 to 2016 using the method of multiple linear regression analysis. The results of this study indicate that interest rates have a significant and positive effect on inflation in Indonesia. The Loan to Deposit Ratio (LDR) has a significant and positive effect on inflation in Indonesia. Credit growth has a significant and positive effect on inflation in Indonesia. Based on the results of this study it can be concluded that there is a significant influence between interest rates, Loan to Deposit Ratio (LDR) and credit growth to inflation in Indonesia. Keyword: Inflation, Interest Rate, Loan to Deposit Ratio (LDR), Credit Growth

The Legacy of Economic Recession in Terms of Over-Indebtedness: A Framework and Review of the Evidence

2020 ◽  
Vol 20 (1) ◽  
pp. 111-124
Author(s):  
Heikki Hiilamo
Keyword(s):  
Interest Rates ◽  
Economic Crisis ◽  
Debt Crisis ◽  
Housing Price ◽  
Economic Recession ◽  
Oecd Countries ◽  
Mortgage Lending ◽  
Global Economic Crisis ◽  
Run Up ◽  
The Uk

With the expansion of credit, low interest rates and overly optimistic expectations about future economic and housing price developments, mortgage lending soared in most OECD countries in the run-up to the 2008 global economic crisis. The crisis revealed the hidden epidemic of over-indebtedness, which continues to overshadow the lives of millions in rich countries. In the wake of the global economic crisis, the household debt crisis led to worsening economic conditions and put pressure on government finances, which caused further income shocks in the form of austerity measures such as social welfare cuts and higher taxes. This article is based on a scoping review aimed at summarising and reflecting on the available literature. It analyses the effects of over-indebtedness on individuals and societies across six OECD countries: Finland, Germany, the Netherlands, Norway, the UK and the US.

scholarly journals The dangerous ineffectiveness of negative interest rates: the case of Switzerland

2019 ◽  
Vol 7 (2) ◽  
pp. 220-232 ◽  
Author(s):  
Sergio Rossi
Keyword(s):  
Interest Rates ◽  
Real Estate Market ◽  
Negative Consequences ◽  
Housing Crisis ◽  
Economic Activities ◽  
The Real Estate ◽  
Negative Interest Rates ◽  
The Real Estate Market ◽  
National Bank ◽  
Better Than

This paper argues that the negative interest rate adopted by the Swiss National Bank in 2015 has elicited a series of negative consequences across the Swiss economy. It has led an increasing number of agents to invest their savings in the real-estate market, whose prices have overheated, threatening the eruption of a housing crisis. It has also induced a number of financial institutions to turn to riskier businesses in an attempt to continue to earn some returns, thereby increasing financial fragility at systemic level. The paper suggests that a small Tobin tax on all Swiss-franc purchases may contribute to the support of domestic economic activities much better than negative rates of interest.

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