Mortgage loan risks: classification, assessment methods

The article discusses the current situation in the Russian mortgage lending market, analyzes the dynamics of this market indicators, development trends, key financial players (banking organizations, mortgage lending for which is an important component of the loan portfolio). The main attention is paid to the analysis of the composition and methods of classifying mortgage lending risks, considered both from the perspective of an entrepreneurial organization operating in a changing market environment, and also in terms of the subject area of a mortgage, which assumes their differentiation according to the stages of concluding and maintaining a loan agreement. When considering the tools of models and methods for assessing and accounting for mortgage lending risks in commercial banks’ commercial practice, the approaches relevant to world banking practice proposed by both international banking organizations (for example, the Basel Committee on Banking Supervision) and the national regulator Bank of Russia and leading Russian scientists and banking specialists (in particular, prof. O.I. Lavrushin). The adequacy of this toolkit to the conditions of modern Russian banking practice is confirmed by the results of empirical calculations of lending risks under mortgage agreements conducted on the basis of the data of commercial banks Raiffeisenbank and Alfa Bank, included in the list of leading banks related to mortgage lending.