EVALUATION OF THE IMPACT OF THE MAIN FACTORS OF DEVELOPMENT OF MORTGAGE LENDING ON THE MOVEMENT OF FINANCIAL RESOURCES OF THE TERRITORY
The article discusses the current issue of the impact of mortgage lending on the construction sector, the state of which directly has a significant impact on related industries, that is, the real economy. With the growth of housing construction, the development of the production of bricks, metal structures, glass, etc. will be required. The main role in this positive dynamics is played by the purchasing power of the population, and since in recent years more than half of the transactions for buying a home are made with the help of a mortgage loan, therefore, their direct relation-ship is obvious. This growth will naturally stimulate an increase in activity in the material sphere of the regional economy from extraction to processing and transportation of products. The most important factor in mortgages for both the state and citizens is psychological - meeting the demand of those who need housing. The positive features of a mortgage loan do not negate the fact that the well-known global financial crisis of 2008-2009 showed the weakness of the financial systems of many states. But the most important thing is that one of its main reasons was the crisis of mortgage lending in the United States. Therefore, the key goal of the work was the formulation of a hypothesis about the impact of mortgage lending on the movement of financial resources of the territory. The analysis of the specialized literature allowed us to confirm the empirically proven multiplier of the construction sector, which turned out to be more than «oil refining». The study of foreign literature revealed a link between the financial resources of the territory and the real sector of the region’s economy. In order to determine a clearer contour of the impact of mort-gage lending, the main factors of its development were systematized and identified, which were used in the correlation analysis with the revenues of the consolidated financial balance. This made it possible to clarify the development vectors and interrelationships of all the studied indicators, as well as to show their correlation using a graphical method.