..., showing that the latter represents a solution that is servicing areas that, because of the lower value of the collateral and lower average income, do not have easy access to the traditional mortgage market. Originality/value The paper is a first empirical contribution on the analysis of the market...

...Evgeniy M. Ozhegov Purpose This paper aims to examine the heterogeneity of preferences of mortgage borrowers of Russian state-owned suppliers of residential housing mortgages. Design/methodology/approach Analysis takes into account the underwriting process and the choice of contract terms...