Mechanism of mortgage housing lending in various countries: Argentina, USA and Germany

The article presents a study of the mechanisms of mortgage housing lending in Argentina, the USA, and Germany. Historical aspects of the development of mortgage systems in each country are examined, along with their structure and features, including key market participants and the credit products used. Special attention is paid to existing preferential programs aimed at supporting various population groups, such as government subsidies, guarantees, and special credit conditions. A comparative analysis of the identified mechanisms has also been conducted, allowing for the determination of their strengths and weaknesses. Based on the systematization of foreign experience, key elements have been identified that are potentially applicable in the Russian Federation to improve the domestic mechanism of mortgage housing lending.