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Mortgage lending as a method of attracting investment in agriculture
The paper summarizes the theoretical aspects of mortgage lending in the agricultural sector. Identified key indicators of mortgage market conditions. The problems of attracting and stimulating investtsy in the agricultural sector of the country, only in the case of interaction of all elements of the mortgage lending system will reduce the risks of mortgage lenders and enhance their accessibility, improve the reliability of mortgage bonds and thereby attract additional investment lending. Formulated and proved constraints on mortgage lending of domestic agricultural producers. Generalized global experience of mortgage lending. Two types of mortgage lending system, in particular a schematic representation of a single-level (European) and a two-level (American) system functioning mortgage market. European experience of creating a generalized system of mortgage lending. Conducted meaningful comparison of these systems and their differences are formulated on the basis of a detailed study of the mechanism of refinancing mortgage loans. Determined that the one-tier model of mortgage lending provides a more reliable and secure system reinvestment mortgages. Highlight the major sources of mortgage lending in agriculture. The experience of European countries by the use of different methods of separating the mortgaged property. Considerable attention is paid to the definition of the role and functions of the Guarantee Fund in the European system of mortgage lending. Highlights the key elements of infrastructure Farm Credit, as well as basic methods justified state regulation of mortgages in the United States. Study found that domestic support for mortgage lending is necessary to use a variety of financing mechanisms credits and creating alternative external borrowing, as well as to improve the legal regulation of land relations. Also established the need to improve financing of investment activity in agriculture by mortgage lending due to lack of sources of investment activity in the agricultural producers. Effective principles highlighted in the foreign and domestic mortgage lending systems to be applied for an efficient system of agricultural investment and mortgage lending in the current economic conditions.
Key words: investment and mortgage lending, mortgages, mortgage-backed securities, land mortgage institutions, primary and secondary markets.
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