Bazhanov O. The organization of attraction of long-term financial resources at mortgage crediting

In the dissertation issues of the organization of attraction of long-term financial resources by banking institutions for maintenance of needs of mortgage crediting in such resources was opened. Essential restrictions of mortgage crediting system which predetermine insufficiency of long-term financial resources and desirable for elimination in terms of introduction in Ukraine two-level model of mortgage crediting were revealed. It was defined that the part of essential restrictions can be discharged by application of the financial mechanism securitization.Concept definition "securitization" was specified. Such definition which characterizes financial essence of term taking into account specificity of its use in sphere of mortgage relations was offered. Sources of attraction of long-term financial resources in mortgage crediting was generalized. On the basis of the selected criteria the priority source of attraction of long-term financial resources in mortgage crediting is investors of the share market. Functional model of attraction of long-term financial resources by financial institutions from the share market on the basis of securitization of mortgage assets mechanism were developed. The mechanism of two-stage issue of mortgage bonds was developed for the purpose of adaptation of the financial mechanism of classic securitization to the system of mortgage crediting in Ukraine connected with a considerable part of mortgage credits which were repaid in advance. The mechanism of improvement of quality of the structured mortgage bonds was improved. For this purpose the mechanism of protection of requirements of investors of the structured mortgage bonds is developed that is provides realization of structuring of their issue from the lowest Z - Class with the further placing of this class among banks at the expense of which assets the mortgage covering was formed.