A. Primary Housing Finance Market
A.1 Industry Structure and Performance
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Number of firms originating and funding mortgage loans | 21 | 22 | 21 | BCP | A.1.1 |
| Types of originating lenders/market share: | A.1.2 | ||||
| Universal/ commercial banks | 98.05% of total | 98.43% of total | 98.35% of total | BCP | A.1.2.1 |
| Other depository institutions (savings and loans/mutual savings and credit institutions) | 1.95% of total | 1.57% of total | 1.65% of total | BCP | A.1.2.2 |
| Identify the 3 largest loan originating lenders | Banco Itau Paraguay, Vision Banco, Banco Atlas | Banco Itau Paraguay, Vision Banco, Banco Continental | Banco Itau Paraguay, Vision Banco, Banco Continental | BCP | A.1.3 |
| Are there (quasi) public mortgage lenders: | Yes | Yes | Yes | Banco Nacional de Fomento | A.1.4 |
| Universal/ commercial banks | Yes | Yes | Yes | Banco Nacional de Fomento | A.1.4.1 |
| Other depository institutions (savings and loans/mutual savings and credit institutions) | No | No | No | A.1.4.2 | |
| Non-depository financial institutions specialized in housing finance | No | No | No | A.1.4.3 | |
| General non-depository financial institutions | No | No | No | A.1.4.4 | |
| Others (e.g. insurance co, pension funds, labor tax funds) | No | No | No | A.1.4.5 | |
| Level of Non-Performing Mortgage Loans (90 days or more past due): | A.1.6 | ||||
| as a % of outstanding loan amount | 2.16% | 2.13% | 1.84% | BCP | A.1.6.2 |
| 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: | 518.87 USD (millions) | 492.34 USD (millions) | 426.55 USD (millions) | BCP | A.2.1 |
| Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) | 1.24% | 1.26% | 1.18% | BCP | A.2.1.1 |
| and as % of all credits outstanding | 3.45% | 3.54% | 3.32% | BCP | A.2.1.2 |
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 | ||||
| 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 | 100 | 100 | 100 | A.3.8.1 | |
| Typical LTV at origination | 80 | 80 | 80 | Banco Itau | A.3.8.2 |
| Maximum term over which pmt is calculated? | 20 years | 20 years | 20 years | A.3.9 | |
| Mortgage pmt-to-income ratio | A.3.10 | ||||
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 | Yes | Yes | BCP | A.4.1 |
| Which institutions define underwriting rules? | A.4.2 | ||||
| Central Bank/Ministry of Finance | Yes | Yes | Yes | BCP | A.4.2.1 |
| Secondary market facility | No | No | No | BCP | A.4.2.2 |
| Major Lender | No | No | No | BCP | A.4.2.3 |
| Other | No | No | No | BCP | 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 | The World Bank, %20Loan%20Reporting%20Systems%20in%20Paraguay.pdf | A.5.2 |
| Are there legal/regulatory constraints to gaining access to credit information? | Yes | The World Bank, %20Loan%20Reporting%20Systems%20in%20Paraguay.pdf | A.5.2.1 |
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 | Various commercial banks | B.1.1 |
| Wholesale funding: loans from other banks or corporations | Non-applicable | B.1.2 | |||
| Other | secondary | secondary | secondary | B.1.5 | |
C. Housing Microfinance
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Are non-collateralized housing micro-finance loans offered? | Yes | Yes | Yes | C.1 | |
| Types of lenders operating in the housing micro-finance (HMF) sector: | C.2 | ||||
| Commercial banks | No | No | No | C.2.1 | |
| NGOs | Yes | Yes | Yes | C.2.3 | |
| Others | Yes | Yes | Yes | C.2.4 | |
| Level of NPLs (>90 days past due) in HMF | C.4 | ||||