The current state and problems of development of mortgage housing lending in the Russian Federation

Currently, mortgage lending to the population is an important condition for improving the quality of life of Russian citizens and one of the promising areas for the development of bank lending, since mortgages are a tool that strengthens the provision of credit. Secured loans are the most reliable and secure, because, in case of non-repayment, the bank implements the collateral and returns its funds. Mortgage lending has an impact on improving the stability and efficiency of the functioning of the banking system of the Russian Federation as a whole. This article attempts to assess the current state and identify the main trends and prospects for the development of the mortgage lending market in the Russian Federation.