Housing Finance Policy

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A. Legal and Regulatory Framework

A.1 Legal and Regulatory Framework
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Basis of the legal system: Civil, Common, Islamic, Other? (Describe)Civil lawCivil lawCivil lawA.1.1
Registration/Transfer of titles:A.1.3
Typical number of days needed for the transfer of title 64
WDI
A.1.3.4
Is there specialized legislation covering:A.1.9
B. Housing Finance Subsidies
B.1 Subsidies to Housing Finance Institutions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Are there subsidized funding sources for mortgage lenders?  Yes
MiVivienda Fund, IADB Report
B.1.1
Special government lines of credit   Yes
MiVivienda Fund, IADB Report
B.1.1.1
B.2 Subsidies to Households
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Are there subsidies to households on housing finance?  Yes
MiVivienda Fund and IADB Report
B.2.1
Down-payment subsidies   Yes
MiVivienda Fund, IADB Report
B.2.1.3
Subsidies to savings for mortgage loans  Yes
MiVivenda Fund, IADB Report
B.2.1.4
Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
C. Taxation
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
What taxes apply to Residential Real Estate?C.1
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Notes: The FMV program also supports housing credit beneficiaries with down-payment subsidies and subsidies on savings to mortgage loans.
Notes: The FMV program also supports housing credit beneficiaries with down-payment subsidies and subsidies on savings to mortgage loans.
Notes: The FMV program also supports housing credit beneficiaries with down-payment subsidies and subsidies on savings to mortgage loans.
Notes: 15% of all housing credit is being funded by the FMV(MiVivienda Fund) program.
Notes: 15% of all housing credit is being funded by the FMV(MiVivienda Fund) program.
Notes: 15% of all housing credit is being funded by the FMV(MiVivienda Fund) program.
Notes: 2010=100
Notes: 2010=100
Notes: Customer deposits and bonds
Notes: Customer deposits and Bonds
Notes: Customer deposits and bonds
Notes: For a first residency fixed rate mortgage in the domestic currency, other types of mortgages are lower
Notes: Includes only bank loans, not from other financial/government enitities
Notes: Maximum
Notes: MiVivienda Fund(FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund(FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund(FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund(FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund(FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund(FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarentees
Notes: National Percentage
Notes: National Percentage
Notes: National Percentage
Notes: National Percentage
Notes: National Percentage
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: The FMV program also supports housing credit beneficiaries with down-payment subsidies and subsidies on savings to mortgage loans.
Notes: The FMV program also supports housing credit beneficiaries with down-payment subsidies and subsidies on savings to mortgage loans.
Notes: The FMV program also supports housing credit beneficiaries with down-payment subsidies and subsidies on savings to mortgage loans.
Notes: Very small component, only began recently
Notes: Very small component, only began recently