The Housing Finance System

Text bolded/green below shows notes and variable definitions when you roll over. If you cannot see the notes, please download an Excel version from the Research Center, which includes notes. Also, a PDF featuring variable definitions is available in the document list under "Definition of Hofinet Variables".

 

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
Are there (quasi) public mortgage lenders:YesYesYesA.1.4
General non-depository financial institutionsYesYesYesA.1.4.4
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:100.46 USD (millions)103.33 USD (millions)101.63 USD (millions)A.2.1
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)20.22%19.72%20.05%A.2.1.1
and as % of all credits outstanding33.99%35.97%35.49%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 LTV100100100A.3.8.1
Typical LTV at origination909090A.3.8.2
Maximum term over which pmt is calculated? 30 years30 years30 yearsA.3.9
Mortgage pmt-to-income ratio A.3.10
Maximum pmt-to-income ratio (HH income)40%40%40%A.3.10.1
A.4 Lending and Servicing Process
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Does the mortgage industry use standard principles/guidelines for underwriting?YesYesYesA.4.1
Which institutions define underwriting rules? A.4.2
Secondary market facilityYesYesYesA.4.2.2
A.5 Credit Risk Assessment
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Do credit bureaus exist? NoNoNoA.5.2
Is mortgage default insurance available?YesYesYesA.5.3
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)primaryprimaryprimaryB.1.1
Other secondarysecondarysecondaryB.1.5
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: Assumption made that maximum pmt-to-income ratio corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that maximum pmt-to-income ratio corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that maximum pmt-to-income ratio corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that maximum pmt-to-income ratio corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that maximum pmt-to-income ratio corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Government owned and operated AID Bank grants subsidized mortgage loans from government funds. Does not take deposits.
Notes: Government owned and operated AID Bank grants subsidized mortgage loans from government funds. Does not take deposits.
Notes: Government owned and operated AID Bank grants subsidized mortgage loans from government funds. Does not take deposits.
Notes: Government owned and operated AID Bank grants subsidized mortgage loans from government funds. Does not take deposits.
Notes: Government owned and operated AID Bank grants subsidized mortgage loans from government funds. Does not take deposits.
Notes: Government owned and operated AID Bank grants subsidized mortgage loans from government funds. Does not take deposits.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.