MORTGAGE LOAN RISKS AND THEIR INSURANCE

Author:

Panchenko Olena, Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Belorus Anastasiia , Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Martinenko Daria , Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Grigorenko Anna, Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Language: ukrainian

Annotation:

Within the article, the essence, significance and characteristics of mortgage lending in Ukraine are revealed, in particular, special attention is paid to insurance of risks arising from the lender and the borrower during the term of the loan agreement. A list of features that significantly distinguish a mortgage from other types of loans is presented. Risks inherent in mortgage lending at the macro and micro levels are identified. The influence and significance of the risks accompanying the subjects of credit relations is investigated. Particular attention is paid to the types of insurance included in the comprehensive mortgage insurance, namely: the borrower’s life insurance, title insurance and collateral insurance.Within the article, a description of each of the above types of insurance is given. Based on the study, the main problems in the field of mortgage lending are identified and ways to solve them are proposed.

Key words:

financial services; insurance services; mortgage lending; loan insurance; collateral insurance; borrower life insurance, title insurance

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