A. Primary Housing Finance Market
A.1 Industry Structure and Performance
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Types of originating lenders/market share: | A.1.2 | ||||
| Identify the 3 largest loan originating lenders | Banca Comerciala Romana, BRD-Groupe Societe Generale, Banca Transilvania | Banca Comerciala Romana, BRD-Groupe Societe Generale, Banca Transilvania | Banca Comerciala Romana, BRD-Groupe Societe Generale, Banca Transilvania | National Bank of Romania | A.1.3 |
| Are there (quasi) public mortgage lenders: | Yes | Yes | Yes | Research | A.1.4 |
| Universal/ commercial banks | Yes | Yes | Yes | CEC Bank | A.1.4.1 |
| Level of Non-Performing Mortgage Loans (90 days or more past due): | A.1.6 | ||||
| Average 1997-2007 | A.1.7 | ||||
A.2 Size of Mortgage Finance Sector
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Total amount of home mortgage loans outstanding at the end of year in millions of USD: | 18,069.48 USD (millions) | 17,033.96 USD (millions) | 13,621.47 USD (millions) | National Bank of Romania | A.2.1 |
| Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) | 7.54% | 8.06% | 7.23% | National Bank of Romania, WEO | A.2.1.1 |
| and as % of all credits outstanding | 21.55% | 19.84% | 18.96% | National Bank of Romania | A.2.1.2 |
| Total amount of home mortgages made in calendar year in millions of USD | 3,091.08 USD (millions) | 2,920.76 USD (millions) | 2,507.33 USD (millions) | National Bank of Romania | A.2.3 |
| and as % of GDP (current) | 1.29% | 1.38% | 1.33% | National Bank of Romania, WEO | A.2.3.1 |
| and as % of all credits originated in calender year | 48.28% | 50.66% | 48.97% | National Bank of Romania | A.2.3.2 |
A.3 Housing Finance Products
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Mortgage products as % of all mortgages (approx.) in local currency: | A.3.1 | ||||
| Fixed rate for life of loan | 11.37% | 5.56% | National Bank of Romania | A.3.1.1 | |
| Variable rate/indexed | 88.63% | 94.44% | National Bank of Romania | A.3.1.2 | |
| Most prevalent type of foreign currency mortgage used: | A.3.3 | ||||
| Most frequent interest rates on fully amortizing: | A.3.4 | ||||
| Typical lender fees associated with mortgage origination: | A.3.6 | ||||
| Typical third party fees associated with mortgage origination: | A.3.7 | ||||
| Loan-to-Value (LTV) on first mortgage: | A.3.8 | ||||
| Maximum LTV | 85 | 85 | 85 | ING, Alpha Bank | A.3.8.1 |
| Typical LTV at origination | 75 | 80 | 85 | Bank of Romania | A.3.8.2 |
| Maximum term over which pmt is calculated? | 35 years | 35 years | 35 years | ING, Alpha Bank | A.3.9 |
| Mortgage pmt-to-income ratio | A.3.10 | ||||
| Typical pmt-to-income ratio (Individual income) | 50% | Bank of Romania | A.3.10.4 | ||
A.4 Lending and Servicing Process
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Does the mortgage industry use standard principles/guidelines for underwriting? | Yes | Research | A.4.1 | ||
| Which institutions define underwriting rules? | A.4.2 | ||||
| Central Bank/Ministry of Finance | Yes | National Bank of Romania | A.4.2.1 | ||
| Other | Yes | National Bank of Romania | A.4.2.4 | ||
A.5 Credit Risk Assessment
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Do credit bureaus exist? | Yes | Yes | Yes | A.5.2 |
B. Funding Sources for Mortgages and the Secondary Mortgage Market
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| What are the main funding sources for mortgages? | B.1 | ||||
| Retail funding (deposits/other) | primary | primary | primary | Hypostat | B.1.1 |
| Wholesale funding: loans from other banks or corporations | secondary | secondary | secondary | Hypostat | B.1.2 |
| Funding through mortgage bonds | Non-applicable | Non-applicable | Non-applicable | Hypostat | B.1.3 |
C. Housing Microfinance
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Types of lenders operating in the housing micro-finance (HMF) sector: | C.2 | ||||
| Level of NPLs (>90 days past due) in HMF | C.4 | ||||