The Housing Finance System

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A. Primary Housing Finance Market

A.1 Industry Structure and Performance
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Types of originating lenders/market share:A.1.2
Universal/ commercial banks  70.9% of total
UN Habitat - Housing Finance Mechanism in Bolivia
A.1.2.1
Other depository institutions (savings and loans/mutual savings and credit institutions)  27.58% of total
UN Habitat - Housing Finance Mechanism in Bolivia
A.1.2.2
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
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total amount of home mortgage loans outstanding at the end of year in millions of USD:3,696.05 USD (millions)2,972.06 USD (millions)2,361.22 USD (millions)A.2.1
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)11.13%8.94%7.92%A.2.1.1
and as % of all credits outstanding  21%
Central Bank of Bolivia - Financial Stability Report
A.2.1.2
A.3 Housing Finance Products
VariableEnd of 2015End of 2014End of 2013SourcesVar 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 LTV10010085
Various Commercial Banks
A.3.8.1
Typical LTV at origination8080 
Various Commercial Banks
A.3.8.2
Maximum term over which pmt is calculated? 30 years30 years25 years
Various Commercial Banks
A.3.9
Mortgage pmt-to-income ratio A.3.10
A.4 Lending and Servicing Process
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Does the mortgage industry use standard principles/guidelines for underwriting?YesYesYes
UN Habitat
A.4.1
Which institutions define underwriting rules? A.4.2
Secondary market facilityYesYesYes
UN Habitat
A.4.2.2
A.5 Credit Risk Assessment
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Do credit bureaus exist? YesYesYesA.5.2
B. Funding Sources for Mortgages and the Secondary Mortgage Market
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
What are the main funding sources for mortgages?B.1
Retail funding (deposits/other)Primaryprimaryprimary
Banco Bisa: Annual Report
B.1.1
Wholesale funding: loans from other banks or corporations  Non-applicable
 
B.1.2
Funding through mortgage bonds   Non-applicable
 
B.1.3
Funding through securitization of mortgages  Non-applicable
 
B.1.4
C. Housing Microfinance
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Types of lenders operating in the housing micro-finance (HMF) sector:C.2
Level of NPLs (>90 days past due) in HMFC.4
back to top | Country Data:
Notes: 1000 bolivianos converted using the end of year rate 6.91 bolivianos/USD
Notes: 11,249 million bolivianos for end of Dec 2011 with an end of year exchange rate of 6.91 Bolivianos/USD
Notes: 647 bolivianos converted using the end of year rate 7.02 bolivianos/USD
Notes: 679.50 bolivianos converted using the end of year rate 7.02 bolivianos/USD
Notes: 815.40 bolivianos converted using the end of year rate 6.99 bolivianos/USD
Notes: 9,010 million bolivianos for end of Dec 2011 with an end of year exchange rate of 6.99 Bolivianos/USD
Notes: Cooperatives and Mutual Savings
Notes: Interest rate caps on social housing (5.5-6.5%), corporate loans (6%), SME loans (6%)
Notes: Max LTV of 100 is reserved for social-interest housing. 80 otherwise
Notes: Max term is reserved for social interest housing. 20 otherwise
Notes: Represents an average of 35,000 units a year, with an estimated half of these units being formal units and the other half supplied through the informal markets.
Notes: Represents an average of 35,000 units a year, with an estimated half of these units being formal units and the other half supplied through the informal markets.
Notes: Superintedency of Banks and Financial Institutions (SBEF) defines the underwriting rules for mortgages.
Notes: US$1,627.93 million total amount of home mortgage loans divided by US$24,604 million total GDP
Notes: US$1,627.93 million total amount of home mortgage loans divided by US$24,604 million total GDP