+7 495 989 9610, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






Financial Analytics: Science and Experience

Economic nature change of mortgaging collateral by bank

Vol. 10, Iss. 10, OCTOBER 2017

PDF  Article PDF Version

Received: 12 July 2017

Received in revised form: 14 August 2017

Accepted: 21 August 2017

Available online: 16 October 2017


JEL Classification: G02, G21, G32, K13

Pages: 1131–1140


Gorodilov M.A. Perm State National Research University, Perm, Russian Federation

Nikitina E.B. Perm State National Research University, Perm, Russian Federation

Importance The subject of the article is the changes of collateral nature in certain situations. For instance, when banks take in pledge real estate with the probable inability of borrowers to repay the current loan payments.
Objectives The article aims to find out whether the change of the economic nature of the pledge increases risks to the borrower.
Methods In this study, we used economic and financial inspection of mortgage lending bank conditions.
Results The paper reveals that in terms of insufficient paying capacity of the borrower credit repayments are carried out irregularly. In this case, the payments towards a loan are made by getting non-interest income in the form of excess of the selling price of the pledge object. That is contrary to the economic nature of the credit.
Conclusions and Relevance The non-implementation of lending regulations with banks can lead to a change in the economic nature of collateral. Judicial organs usually take credit organizations' side. This problem may worsen amid economic crisis and take social form. Therefore, judicial and appropriate inspection bodies should examine the compliance with credit principles more closely.

Keywords: lending, mortgage, pledge, principle, repayment risk


  1. Maramygin M.S., Tereshkin M.L. [Collateral as a Means of Minimizing Credit Risks]. Fundamental'nye issledovaniya = Fundamental Research, 2016, vol. 9, iss. 1, pp. 151–155. (In Russ.) URL: Link
  2. Kiyatkina V.V. Refinansirovanie ipotechnykh kreditov v Rossii: monografiya [Mortgage refinancing in Russia: a monograph]. Moscow, Delo Publ., 2012, 227 p.
  3. Yaremenko N.N. [Tendencies of Development of Housing Mortgage Lending in Russia]. Mir nauki, kul'tury, obrazovaniya = The World of Science, Culture and Education, 2014, no. 2, pp. 416–423. (In Russ.)
  4. Pavlova I.V. Ipotechnoe zhilishchnoe kreditovanie [Mortgage housing credit]. Moscow, Finansy i statistika Publ., 2009, 272 p.
  5. Merkulov V.V. Mirovoi opyt ipotechnogo zhilishchnogo kreditovaniya i perspektivy ego ispol'zovaniya v Rossii [World experience in housing lending and the prospects for its use in Russia]. St. Petersburg, Yuridicheskii Tsentr-Press Publ., 2003, 440 p. URL: Link -i-perspektivy-ego-ispolzovaniya-v-rossii/chitat-onlayn/
  6. Kulikov A.G., Yanin V.S. [Residential Mortgage Lending Development in Russia: Radical Renewal of Methodological Base]. Den'gi i kredit = Money and Credit, 2014, no. 2, pp. 3–13. (In Russ.)
  7. Cherednikova A.O., Romanova M.P. [The efficiency assessment of system of mortgage lending]. Mikroekonomika = Microeconomics, 2012, no. 3, pp. 135–139. (In Russ.)
  8. Shevchuk D.A. Ipoteka: prosto o slozhnom [Pledge: briefly on complicated]. Moscow, GrossMedia, Rossiiskii bukhgalter Publ., 2008, 160 p.
  9. Sultanov G.S., Aliev B.Kh [Pledge as Form of Ensuring Recoverability of the Bank Credit]. Mezhdunarodnyi zhurnal prikladnykh i fundamental'nykh issledovanii, 2016, vol. 2, iss. 2, pp. 278–281. URL: Link (In Russ.)
  10. Tikhomirova L.V. Kreditnyi dogovor: Sudebnaya praktika i ofitsial'nye raz"yasneniya [Facility agreement: legal precedents and formal clarifications]. Moscow, Tikhomirov M.Yu. Publ., 2014, 142 p.
  11. Lushina A.L. [Development of Mortgage Lending and Housing Funding during Financial Crisis]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2011, no. 1-1, pp. 91–96. (In Russ.)
  12. Vinakov I.V. [Mortgage in the current practice of bank lending]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2009, no. 6-1, pp. 115–119. (In Russ.) URL: Link
  13. Lepekhin I.A. Kreditovanie zhilishchnogo stroitel'stva, obespechennoe ipotekoi: teoreticheskie voprosy pravovogo regulirovaniya: monografiya [Home loans provided with pledge: theoretical issues of legal regulation: a monograph]. Moscow, Yurlitinform Publ., 2012, 198 p.
  14. Svit Yu.P. [Peculiarities of a Residence Pledge]. Zakony Rossii: opyt, analiz, praktika, 2012, no. 5, pp. 50–58. (In Russ.)

View all articles of issue


ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 14, Iss. 4
December 2021