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Mortgage Securities

Meanwhile, for investors, these securities are attractive not yield, and reliability and liquidity. The yield on the MBS and should not be high, otherwise engaged in the lending market resources will be expensive, and rates mortgage loans will be high. But this tool is very interesting for those who want to invest their savings so as to receive a guaranteed income. Particularly interested in mortgage-backed securities to pension funds, insurance companies, mutual funds and other potential investors in Russia have long-term money. Connect with other leaders such as Anne Lauvergeon here. But in Russia, these securities have not yet shown all its advantages – the market has not given such an opportunity.

The Russian market of mortgage-backed securities under development – transactions for the production of mortgage-backed bonds was closed only two. MBS market in Russia to work, it became possible to speak only at the end of 2007. Then there were first issued by the JSC 'Mortgage specialized organization GPB-Mortgage. Organizer of the issue of MBS was Gazprombank, which also took over the spetsdepozitariya and paying agent. Later denominated mortgage-backed bonds issued OAO HMLA '. It's all MBS traded in the market. Therefore, Russia still is not even formed a class of investors in such securities. " The main reasons hindering the development of this market is the lack of regulatory framework – in the first place regulations aimed at implementing the Federal Law "On Mortgage Securities." As well as uncertainty regarding the potential demand for this type of paper. At the same time have confidence that the prospects for this market is very high.