A. Primary Housing Finance Market
A.1 Industry Structure and Performance
| Variable | End of 2017 | End of 2016 | End of 2015 | Sources | Var ID |
|---|---|---|---|---|---|
| Types of originating lenders/market share: | A.1.2 | ||||
| Universal/ commercial banks | 57.69% of total | 54.96% of total | 59.64% of total | National Housing Bank Trend and Progress Report | A.1.2.1 |
| Non-depository financial institutions specialized in housing finance | 41.42% of total | 44.03% of total | 39.46% of total | National Housing Bank Trend and Progress Report | A.1.2.3 |
| Identify the 3 largest loan originating lenders | State Bank of India, Housing Finance Development Corp, ICICI Bank | Financial Statements of Various Banks | A.1.3 | ||
| Are there (quasi) public mortgage lenders: | Yes | Yes | Yes | A.1.4 | |
| Non-depository financial institutions specialized in housing finance | Yes | Yes | Yes | A.1.4.3 | |
| 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 2017 | End of 2016 | End of 2015 | Sources | Var ID |
|---|---|---|---|---|---|
| Total amount of home mortgage loans outstanding at the end of year in millions of USD: | 226,009.32 USD (millions) | 171,336.46 USD (millions) | 161,749.76 USD (millions) | National Housing Bank Trend and Progress Report | A.2.1 |
| Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) | 7.67% | A.2.1.1 |
A.3 Housing Finance Products
| Variable | End of 2017 | End of 2016 | End of 2015 | 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 | 90 | 90 | 90 | A.3.8.1 | |
| Typical LTV at origination | 80 | 80 | 80 | Various Commercial Banks | A.3.8.2 |
| Maximum term over which pmt is calculated? | 30 years | 30 years | 30 years | Various Commercial Banks | A.3.9 |
| Mortgage pmt-to-income ratio | A.3.10 | ||||
A.4 Lending and Servicing Process
| Variable | End of 2017 | End of 2016 | End of 2015 | Sources | Var ID |
|---|---|---|---|---|---|
| Does the mortgage industry use standard principles/guidelines for underwriting? | Yes | Yes | Yes | A.4.1 | |
| Which institutions define underwriting rules? | A.4.2 | ||||
| Central Bank/Ministry of Finance | Yes | Yes | Yes | A.4.2.1 | |
| Secondary market facility | Yes | Yes | Yes | National Housing Bank Trend and Progress Report | A.4.2.2 |
A.5 Credit Risk Assessment
| Variable | End of 2017 | End of 2016 | End of 2015 | Sources | Var ID |
|---|---|---|---|---|---|
| Do credit bureaus exist? | Yes | Yes | Yes | A.5.2 | |
| Is mortgage default insurance available? | Yes | Yes | Yes | A.5.3 | |
| What is the typical MI product? | MGC bears the first loss on a contract. The MGC's liability is capped to the extent of MG coverage (for example, 20%), and is expressed as a percentage of the loan amount outstanding at the time the contract becomes an NPA on the books of the Lender. Losses in excess of the first loss covered by the MG, if any, are borne by the Lender. | MGC bears the first loss on a contract. The MGC's liability is capped to the extent of MG coverage (for example, 20%), and is expressed as a percentage of the loan amount outstanding at the time the contract becomes an NPA on the books of the Lender. Losses in excess of the first loss covered by the MG, if any, are borne by the Lender. | MGC bears the first loss on a contract. The MGC's liability is capped to the extent of MG coverage (for example, 20%), and is expressed as a percentage of the loan amount outstanding at the time the contract becomes an NPA on the books of the Lender. Losses in excess of the first loss covered by the MG, if any, are borne by the Lender. | A.5.3.2 |
B. Funding Sources for Mortgages and the Secondary Mortgage Market
| Variable | End of 2017 | End of 2016 | End of 2015 | Sources | Var ID |
|---|---|---|---|---|---|
| What are the main funding sources for mortgages? | B.1 | ||||
| Retail funding (deposits/other) | primary | primary | primary | National Housing Bank Trend and Progress Report | B.1.1 |
| Wholesale funding: loans from other banks or corporations | secondary | secondary | secondary | National Housing Bank Trend and Progress Report | B.1.2 |
| Other | tertiary | tertiary | tertiary | B.1.5 | |
C. Housing Microfinance
| Variable | End of 2017 | End of 2016 | End of 2015 | Sources | Var ID |
|---|---|---|---|---|---|
| Are non-collateralized housing micro-finance loans offered? | Yes | Yes | Yes | National Housing Bank Trend and Progress Report | C.1 |
| Types of lenders operating in the housing micro-finance (HMF) sector: | C.2 | ||||
| Specialized non-depository MFIs | Yes | Yes | Yes | National Housing Bank Trend and Progress Report | C.2.2 |
| NGOs | Yes | Yes | Yes | C.2.3 | |
| Level of NPLs (>90 days past due) in HMF | C.4 | ||||