TOPIC: MORTGAGE SECURITIES MARKET

PLAN:

1. Mortgage market of activity theoretical aspects .

2. Mortgage market models and application features .

3. In our country mortgage market current status

In our country economic reforms with one in line social the field development , population with a house provision also in order reforms and measures done increased is coming . In this the population with a house provision for the purpose all in the regions wide scalable affairs continue also noted that it is being delivered arrived transition necessary . This in practice commerce banks active participation mortgage​​ loans presented being done to all of us known . World in practice mortgage credit practice with one at the time mortgage valuable papers also widely circulated in a circle is used .

MORTGAGE

This is a real asset . with provided far term is a loan .

​

Wider emphasizing " Mortgage - obligations " immovable property with of provision one method is , in which case , if the pledge putter own obligations If he doesn't do it , he will be held hostage. recipient own requirements to pledge placed immovable property at the expense of satisfy right has will be "

Mortgage and mortgage credit practice financial provision for the purpose commerce banks by mortgage valuable papers into circulation release� possible . Such practice international in experience wide is used .

• Mortgage market development in the process one how many to problems face bride​

First of all , the initial at times mortgage amount very low .​

As a result many institutional investors such small financial instrument operation necessary not found .

Second problem secondary at the market mortgage sales with related is , in this of trades non-standardization negative impact showed . Then cover period , percent rates , deal of the conditions diversity action to do mortgage market to the expansion obstacle did .

Third , mortgage loans service show point of view from the point of view expensive with separated standing​

Mortgage valuable papers

this is a mortgage practice financing for the purpose into circulation removable and far term mortgage with provided valuable are papers . In this mortgage valuable papers through attraction made funds again financing as a result mortgage loans presented is being done .

Mortgage valuable papers classification and description

Mortgage valuable papers inside the most wide applicable valuable �paper type this mortgage bonds . Mortgage bonds behavior �mortgage loans securitization to the surface to come service does . Such �practice market economy under the circumstances to the following opportunity gives :

• population and organizations empty money funds finance to the market attraction to do and profitability to provide ;
• housing market​ develop based on population to the house demand
• effective satisfaction ;
• types of financial instruments traded on the stock market
• multiplication and សាន ក

• Mortgage of practice to the surface arrival Ancient In Greece to the ground ownership to do and slavery with mutual is connected . In this in debt land received person own on time debt return did not receive in case to slavery taken in sources record Ancient Rome , in general In Europe and mortgage practice middle from centuries starting used is emphasized .
• Mortgage loans according to again financing scheme America joint in the states since the 1930s wide apply started . Exactly this from the era starting in the country mortgage credit practice support for the purpose specialized organizations , that including mortgage agencies organization In the USA mortgage loans market developed mortgage bonds market based on activity Because​​ mortgage bonds mortgage credit done in increasing of banks again financing provides .

MORTGAGE MARKET MODELS AND APPLICATION FEATURES

One step by step , europe

model

Mortgage market according to traditional model ( one step by step , europe model ) of the bank provided bond type valuable papers independent release and this basically to pledge being put immovable the property on credit to give with This model is German . also called model .

Funds attraction to do and credit to give deadlines in the middle temporary difference availability , for the bank credit and percent risk height etc. this model disadvantages is considered . But based on this model mortgage lending organization to grow relatively world in practice wide is used .

Two step model ( American model ) mortgage market given mortgage loans again financing immovable property with provided secondary valuable papers market on account of done increase with This model is described based on risks distribution idea lies . Mortgage credit the issuing bank securitization transfer for organization done special organizations , i.e. mortgage agents. Mortgage agents, in turn, sell mortgage securities they release and them at the market they sell and the bank again As a result, the mortgage loan is removed from the bank's balance sheet and transferred to the bank's balance sheet . income Credit​​ held from time starting at the bank this practice according to no What risk is left? and new to finance has will be .

Two step model ( American model )

Loan-savings in the model mortgage loans again financing mortgage valuable papers on account of not , maybe clear targeted directed in order organization attainable mutual help cash registers principle according to future debt recipients savings attraction to do on account of done is increased .

Loan-savings model

In our country mortgage market current status

• In our country mortgage credit practice straight away credit to practice based on , Uzbekistan The Law of the Republic of Kazakhstan “ Mortgage” dated October 4 , 2006 "about" Law , Ministers court " On Housing Construction , Its Implementation" dated January 3 , 2007 reconstruction to do and buy to take mortgage credit to give about the charter confirmation Resolution No. 2 on " About mainly order is inserted .

• Mortgage credit for given international and foreign finance institutes funds on account of commerce bank by given mortgage credit amount this funds to give about commerce bank and showing passed finance institutes in the middle structured relevant contracts from the conditions come came out without is determined .
• Application giver commerce banks own funds and attraction done funds on account of mortgage credit to take for :
• - to be built , to buy removable house or​ many apartment at home apartment value of ;
• - housing reconstruction to do value at least 25 percent in the amount own to the extent has to be need .
• This funds application the giver in the name of at the bank opened fund the availability of funds in the savings account in national or foreign currency , as well as under construction housing estimate​ value or reconstruction to do value 25 percent less not in quantity application giver by own funds on account of buy taken construction materials in the style of to be possible .

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