THE ROLE AND THE IMPORTANCE OF MORTGAGE LENDING IN SOCIAL POLICY OF THE RUSSIAN FEDERATION

The paper considers the role and the importance of mortgage lending in social policy of the Russian Federation and demonstrates visually the application of the mortgage as an instrument of satisfaction of the residential needs of the population. The authors give the major indicators of the residential mortgage market for the years 2013–2015 in the Russian Federation, and namely: they showed the quantity of the mortgage loans granted in Russia in rubles and in foreign currency and demonstrated the dynamics of volume of mortgage loans granting (billion rubles) and annual growth rates (%) in our country for the years 2013–2015 on a monthly basis. In the result of more detailed analysis of the situation concerning the dynamics of volume of mortgage loans granting for the studied period in Russia, it is possible to notice that the population’s need for the mortgage loans for the years 2014–2015 reduced in comparison with the years 2013–2014 because of the interest rates growth and the decrease in the population’s incomes. Besides that, in their research, the authors give the average weighted rate on the mortgage loans granted in the Russian Federation for the years 2013–2015, analyze the quantity of overdue mortgage loans and the total volume of overdue accounts payable, and display the dynamics of coefficient of arrears on the mortgage loans granted in the Russian Federation in the years 2013–2015. The novelty of the research is in the fact that it represents one of the attempts of the complex analysis of a mortgage as one of the state social policy regulators acting through the increase in the new builds delivered, the development of the construction sphere and, thus, giving the opportunity to the citizens to buy the housing maybe on credit though today.