Putin urged to develop the market of mortgage securities

© RIA Novosti / Alexei Druginderal in potomacfever Putin. ArchivePutin urged to develop the market of mortgage securities© RIA Novosti / Alexei Druginderal the image Bank

The development of the market of mortgage securities must be implemented by attracting pension funds, insurance companies and citizens, but at the same time guaranteed protection from the so-called «bubbles», said Russian President Vladimir Putin.

«We need to ensure further growth of mortgage lending, lower interest rates. To continue the development of the mortgage securities market, involving the market of pension funds, insurance companies, citizens. It is necessary to create safeguards against the emergence of so-called «bubbles». I ask the government and the Central Bank, and the seller to work closely in this direction»,- Putin said at a meeting of the Council for strategic development and priority projects.