The aim of this diploma paper is to describe the mortgage market in the Czech Republic. Firstly, I have analysed the general situation which is connected with the issue of providing the mortgage credit in the Czech Republic. The next point is the analysis of market of flats and support of the flat's market. One of this product is mortgage credit. I have analysed the main economic values such as mortgage credit, mortgage interest, classified mortgage credit, business cycle, etc. Especially I discussed the household sector because we can see the biggest growth there. Finally, I have compared the mortgage market in the Czech Republic, in the European Union and in the United States of America. The mortgage crisis in the USA is an ongoing economic problem and it caused a global financial crisis during 2007 -- 2008.

The main objects of this diploma thesis are basic trends in the mortgage market in the United States and their role in the current mortgage crisis. As a theoretical background in the first part of this work are mentioned asymetric information with the optimal consumer choice regarding mortgage product and the general theory of the securitization. Practical part continues from the description of the main characteristics of the mortgage to the whole mortgage market and the role of government agencies. Following analysis is concerning the significant tendencies in the past years, which dominates in the mortgage market in the USA. The focus is mainly aimed at the growth of alternative mortgage products in connection with strong home price apreciation. Then the position of mortgage brokers and their role in the subprime sector are discusssed. Subprime sector is analysed as well and then the securitization of mortgages as the main trend in the past years is investigated. The development of the current crisis is the object of the last chapter.

The thesis is focused on mortgage lending market in Czech republic. The main objective is to analyze the complete development of the market and evaluate the impact of financial crisis. Thesis also discloses the main factors, that can cause an impact on mortgage credits demand and points out the significance of the mortage lending in the economy.

The diploma paper is focused on mortgage market factors analysis. Furthermore, it deals with the impact of particular macroeconomic values on total volume of provided mortgage loans. The thesis is divided into several parts, commencing with a short hindsight into history and following with basic market characteristics description and their development. The next part analyses the most significant macroeconomic factors and their influence on mortgage loans. Another part illustrates building loans statistics, which may be perceived as a rival product for home financing. The last part is dedicated to temporal series econometric analysis and to either verify or refute the presumed ralations.

The objective of this diploma thesis is to analyse current status of Czech mortgage loan market and estimation of its further developments. The thesis focuses mainly on non-standard mortgage products. Besides interpreting of historical development and available data it uses several other methods. A questionnaire survey provided information on awareness of the public about the non-standard mortgages and the public's opinion on their usability. The survey also helped with understanding of Czech citizens' general needs and opinion in area of home equity financing. Furthermore comparative analysis of Great Britain's market and an interview with a representative of financial advisors who have major role in sale of mortgage loans. Opinions of the financial advisor provided expert view on the non-standard types of mortgages and reasons for their market share. In conclusion, the results from all used methods are summarized into evaluation of Czech mortgage market in general, in regards to innovation and also in regards of potential of individual non-standard mortgage products.

My thesis is focused on the analysis of the Czech Republic's mortgage market and its situation in time of the global crisis. The first part deals with the theoretical framework in which I define what a financial crisis is, what are it's different types and symptoms. I focus mainly on the American subprime mortgage crisis, which became the starting point of the global financial crisis. I also define the term mortgage, it's main characteristics and types. Then I single out the main factors which influence the Czech Republic's mortgage market. In the second part of my thesis the evolution of the main macroeconomic indicators during the global crisis are described, as well as the situation at housing and mortgage markets in the United Kingdom and the Czech Republic. With the help of statistical analysis main connections and directions of influence on mortgage market were defined.

Despite being governed by several laws aimed at preventing racial inequality in access to housing and credit resources, the mortgage lending market remains a contributor to racial and place-based disparities in homeownership rates, wealth, and access to high-quality community resources. Scholarship has identified persistent disparities in mortgage loan approval rates and subprime lending between white borrowers and those from other racial and ethnic groups, and between white neighborhoods and neighborhoods with high levels of non-white residents. Against this backdrop, the mortgage lending industry is undergoing rapid, technology-driven changes in risk assessment and application processing. Traditional borrower risk-assessment methods including face-to-face discussions between lenders and applicants and the prominent use of FICO credit scores have been replaced or supplemented by automated decision-making tools at a new generation of institutions known as fintech lenders. Little is known about the relationship between lenders using these new tools and the racial and spatial disparities that have long defined the wider mortgage market. Given the well-documented history of discrimination in lending along with findings of technology-driven racial inequality in other economic sectors, fintech lending’s potential for racial discrimination warrants increased scrutiny. This dissertation compares the lending outcomes of traditional and fintech mortgage lenders in the United States depending on applicant and neighborhood racial characteristics. Using data from the Home Mortgage Disclosure Act, an original dataset classifying lenders as fintech or traditional, and an array of complimentary administrative data sources, it provides an assessment of the salience of race and place in the rates at which mortgage loans from each lender type are approved and assigned subprime terms. Results from a series of regression-based quantitative analyses suggest fintech mortgage lenders, like traditional mortgage lenders, approve and deny loans and distribute subprime credit at disparate rates to white borrowers and neighborhoods relative to nonwhite borrowers and neighborhoods. Findings suggest that policymakers and regulators must increase their oversight of fintech lenders, ensuring that further advances in lending technology do not concretize longstanding racial and spatial disparities.

Выпускная квалификационная работа (магистерская диссертация) посвящена исследованию современных тенденций рынка ипотечного кредитования в России. Предметом исследования выступает механизм формирования и развития системы ипотечного жилищного кредитования, а также общественные отношения, возникающие в процессе его осуществления. Целью данного исследования является изучение теоретических и практических основ ипотечного кредитования, а также анализ ипотечного кредитования в АО «Газпромбанк» и разработка мероприятий по его совершенствованию. / Final qualifying work (master's thesis) is devoted to the study of modern trends in the mortgage market in Russia. The subject of the study is the mechanism of formation and development of the system of mortgage lending, as well as social relations arising in the process of its implementation. The purpose of this study is to study the theoretical and practical foundations of mortgage lending, as well as the analysis of mortgage lending in JSC "Gazprombank" and the development of measures to improve it.

Структура магистерской диссертации включает в себя введение, три главы, заключение, список использованных источников. В первой главе рассмотрены теоретические основы ипотечного кредитования. Во второй главе проанализирован рынок ипотечного кредитования России и определены основные тенденции. В третьей главе выявлены особенности функционирования механизма ипотечного кредитования в России и разработаны предложения по совершенствованию существующей системы ипотечного кредитования в коммерческом банке ПАО «ВТБ». В заключении сформированы основные выводы. / The structure of the master's thesis includes an introduction, three chapters, a conclusion, a list of sources used. The first chapter discusses the theoretical foundations of mortgage lending. The second chapter analyzes the Russian mortgage lending market and identifies the main trends. The third chapter identifies the features of the functioning of the mortgage lending mechanism in Russia and develops proposals to improve the existing mortgage lending system in the commercial bank of VTB PJSC. In conclusion, the main conclusions are formed.

Структура магистерской диссертации включает в себя введение, три главы, заключение, список использованных источников и приложения. В первой главе рассмотрены теоретические основы ипотечного жилищного кредитования в РФ. Во второй главе проведен анализ финансового положения ПАО «Сбербанк», выявлены основные направления развития в области ипотечного жилищного кредитования. В третьей главе разработана программа лояльности «Своевременный платеж» для улучшения финансового состояния исследуемого объекта. / The structure of the master's thesis includes an introduction, three chapters, a conclusion, a list of references and applications. The first chapter examines the theoretical foundations of mortgage lending in the Russian Federation. The second chapter analyzes the financial situation of Sberbank, identifies the main directions of development in the field of housing mortgage lending. In the third chapter, a “Timely Payment” loyalty program has been developed to improve the financial condition of the object under study.