(In Russian)
M. Astrakhantseva and M. Leshinsky "US Securitization, or what illusions we would have to let go", Securities Market Magazine #6, 2008
L. Golikova "How to increase the level of financial literacy in Russian mortgage sector", Analytical Banking Magazine #4, 2008
An interview with A. Milyutin About Global Liquidity Crisis and Investor Information Disclosure, Securities Market Magazine #3, 2008
"Following the M-LOAN: what can be improved in Russian mortgage banks", Banking №9, 2007
An article by Project experts discusses the key areas for improvement that were identified by Project team during the due diligence review of several Russian mortgage lenders' operations
New Opportunities & Old Problems in Russian Mortgage Market (July 2007)
An article by E.Klepikova and K.Levitanskaya was published in Analytical Banking Magazine #7, 2007
A Joint Effort of IFC, AHML, GPB-Ipoteka and Association of Russian Mortgage Companies on Creation of Unified Standards for Mortgage Loan Servicing and Data Exchange (July 2007)
An article by A.Milyutin was published in Analytical Banking Magazine #7, 2007
Taxation in primary mortgage market (June 2007)
An article by A.Koudiarov discusses tax issues related to operations with mortgage cerificates (zakladnaya)
What is CMO (June 2007)
An article by M.Astrakhantseva explains the key characteristics of CMO - a new securitization instrument in Russian mortgage market
Code of Ethics (August 2006)
An article by L. Golikova about the introduction of a Code of Ethics for mortgage lenders developed by the IFC was published in Bankovskoe Delo (Banking Magazine) in August 2006.
Russia Primary Mortgage Market Development: Data Standards (August 2006)
An article "Development of Russian primary mortgage market" by M. Astrakhantseva about the need for development and adoption of unified data standards for mortgage loans' description and analysis among Russian mortgage lenders. The article was published in Rynok Tsennyh Bumag (Securities Market Magazine) #14, 2006.
Adjustable Rate Mortgages (July 2006)
An article by G. Souvorov, Project Consultant about the key parameters of adjustable rate mortgages and their impact on loan pricing. The article was published in Rynok Tsennyh Bumag (Securities Market Magazine) # 11, 2006.
Bank Review (July 2006)
An interview with M. Milyutin, Project Manager about the Russian banks' mortgage lending practices, unified mortgage market standards, mortgage pricing and risk management, housing prices' inflation and future prospects for Russian mortgage industry.
Marketing in Mortgage Industry (April 2006)
An article by L. Golikova, PR & Marketing Specialist “Mortgage Market – A Challenge for Marketing Specialists” was published in Analytichesky Bankovsky Jurnal (“Bank Analytics Magazine”) #4, 2006. The article is talking about the Project PR & Marketing Committee activities and plans.
MBS Tranching (July 2006)
The article by Y. Tuktarov, Sr. Legal Consultant “The Tranching of MBS” was published in Rynok Tsennyh Bumag (”Securities Market”) magazine #11, 2006. The article discussed the reasons why trenching of residential mortgage backed securities had increased the efficiency of issuing RMBS (i.e. profitability).
Tax Implications of Insured Accidents for Mortgage Borrowers (April 2006)
The article “Having insurance: who pays the tax” by A. Kudyarov, Tax & Accounting Advisor was published in Nasha Ipoteka journal (“Our mortgage”). The article describes tax treatment of different insured events that could happen to mortgage borrower and / or his collateral.
Mortgage Interest Rate Subsidies (May 2006)
An article by G. Souvorov, Project Consultant discusses different state programs of subsidizing mortgage interest rates, their pros and cons, and price to the government.
Securitization (August 2006)
A. Milyutin, Project Manager analyzes the recent MBS issues in Russia and their possible impacts on cost of capital and on price of mortgage loans.
Taxation in Primary Mortgage Market (February 2006)
The article “Tax issues in Russian mortgage market” by A. Kudyarov was published in Rynok Tsennyh Bumag (”Securities Market”) magazine #4, 2006. The article discusses major tax issues of Russian mortgage market identified at the tax and accounting committee meeting.
Title Insurance (May 2006)
The article “Is the Title Insurance Needed in Mortgage Transactions?” by K. Levitanskaya and R. Turkmenov was published in Rynok Tsennyh Bumag (”Securities Market”) magazine #11, 2006. The article discussed in detail the main issues pertinent to the title insurance in Russia.
Escrow Accounts for Russian Mortgage Market (September 2005)
An article by A. Kudyarov was published in Real Estate and Mortgage Magazine #9 in September 2005.
