The Current Stage of Development of Mortgage Lending Standards in the Russian Federation

The article discusses the key changes made by the Central Bank of the Russian Federation to the mortgage lending system from January 1, 2025. The main reasons for the introduction of the new standard, the details of procedures for issuing mortgage loans, the reasons for the increase in household debt, the specifics of real estate prices and the need to increase the transparency of mortgage transactions are analyzed. Special attention is paid to the impact of standards on financial market participants: borrowers, the banking sector, and developers. The article examines the role of the state and the Bank of Russia as a mega-regulator in the mechanism of mortgage lending. The article notes that significant efforts have recently been made to optimize the mortgage lending process, introduce electronic services, modernize real estate valuation procedures, and introduce and implement various digital services in the field under consideration. The author notes that the transition to escrow accounts helped to ensure the security of the loan