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 | 6 | Editor | A.1.1 | ||
| Types of originating lenders/market share: | A.1.2 | ||||
| Universal/ commercial banks | 3% of total | Country Editor - Crédit Foncier du Cameroon | A.1.2.1 | ||
| Other depository institutions (savings and loans/mutual savings and credit institutions) | .5% of total | Country Editor - Crédit Foncier du Cameroon | A.1.2.2 | ||
| Non-depository financial institutions specialized in housing finance | 95% of total | Country Editor - Crédit Foncier du Cameroon | A.1.2.3 | ||
| General non-depository financial institutions | 0% of total | Country Editor - Crédit Foncier du Cameroon | A.1.2.4 | ||
| Others (e.g. insurance co, pension funds, labor tax funds) | 1.5% of total | Country Editor - Crédit Foncier du Cameroon | A.1.2.5 | ||
| Identify the 3 largest loan originating lenders | CFC, Société Générale Cameroun, Afriland First Bank | CFC, BICEC, SBC | Editor | A.1.3 | |
| Are there (quasi) public mortgage lenders: | Yes | Yes | Country Editor | A.1.4 | |
| Universal/ commercial banks | No | Yes | Country Editor | A.1.4.1 | |
| Other depository institutions (savings and loans/mutual savings and credit institutions) | No | No | Country Editor | A.1.4.2 | |
| Non-depository financial institutions specialized in housing finance | No | No | Credit Foncier du Cameroun | A.1.4.3 | |
| General non-depository financial institutions | No | Country Editor | A.1.4.4 | ||
| Others (e.g. insurance co, pension funds, labor tax funds) | Yes | Yes | Crédit Foncier du Cameroon (CFC) | A.1.4.5 | |
| Typical lending spreads for mortgages | 2.55% | 4% | Country Editor | A.1.5 | |
| Level of Non-Performing Mortgage Loans (90 days or more past due): | A.1.6 | ||||
| as a % of # of loans | Not available | Not available | A.1.6.1 | ||
| as a % of outstanding loan amount | Not available | Not available | A.1.6.2 | ||
| Average 1997-2007 | A.1.7 | ||||
| as a % of # of loans | Not available | Not available | A.1.7.1 | ||
| as a % of outstanding loan amount | Not available | Not available | A.1.7.2 | ||
| Lowest decile of the income distribution served by the dominant mortgage lenders | Not available | Not available | A.1.8 | ||
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: | Not available | Not available | A.2.1 | ||
| Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) | Not available | Not available | A.2.1.1 | ||
| and as % of all credits outstanding | Not available | Not available | A.2.1.2 | ||
| Total # of home mortgage loans outstanding at the end of year | Not available | Not available | A.2.2 | ||
| Total amount of home mortgages made in calendar year in millions of USD | Not available | Not available | A.2.3 | ||
| What % of total new mortgages is refinance? | .05% | Country Editor | A.2.5 |
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 | ||||
| most common indexed ARM/10 year term | 5% | Country Editor: CFC | A.3.4.2 | ||
| discretionary ARM/10 year term | 4.2% | Country Editor: CFC | A.3.4.3 | ||
| 5 year roll-over/10 year term | 5% | Country Editor: CFC | A.3.4.4 | ||
| Most frequent rate on interest only 10 yr FRM | 3.75% | Country Editor: CFC | A.3.5 | ||
| Typical lender fees associated with mortgage origination: | A.3.6 | ||||
| Fixed in amount | 200 USD | Country Editor: CFC | A.3.6.1 | ||
| as % of loan amount | .01% | 2% | Country Editor | A.3.6.2 | |
| Typical third party fees associated with mortgage origination: | A.3.7 | ||||
| Appraisal fees | 40 USD | Country Editor: CFC | A.3.7.1 | ||
| Title related fees | 1.5 USD | Country Editor | A.3.7.2 | ||
| Loan-to-Value (LTV) on first mortgage: | A.3.8 | ||||
| Maximum LTV | 80 | 125 | Country Editor | A.3.8.1 | |
| Maximum term over which pmt is calculated? | 20 years | Country Editor | A.3.9 | ||
| Mortgage pmt-to-income ratio | A.3.10 | ||||
| Maximum pmt-to-income ratio (HH income) | 40% | 27% | Crédit Foncier du Cameroon | A.3.10.1 | |
| Maximum pmt-to-income ratio (Individual income) | 35% | Country Editor - Crédit Foncier du Cameroon | A.3.10.2 | ||
| Typical pmt-to-income ratio (HH income) | 25% | Country Editor - Crédit Foncier du Cameroon | A.3.10.3 | ||
| Typical pmt-to-income ratio (Individual income) | 32% | Country Editor - Crédit Foncier du Cameroon | 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 | Yes | Country Editor | A.4.1 | |
| Which institutions define underwriting rules? | A.4.2 | ||||
| Central Bank/Ministry of Finance | Yes | Country Editor - Crédit Foncier du Cameroon | A.4.2.1 | ||
| Secondary market facility | No | Country Editor - Crédit Foncier du Cameroon | A.4.2.2 | ||
| Major Lender | Yes | No | Country Editor | A.4.2.3 | |
| Other | No | Country Editor - Crédit Foncier du Cameroon | A.4.2.4 | ||
| Are loan originations conducted by others than employees of lenders? | No | Yes | Country Editor | A.4.3 | |
| % of Originations done by brokers | Non-applicable | 1% | Country Editor | A.4.3.1 | |
| % of Originations done on the internet | Non-applicable | 0% | Country Editor | A.4.3.2 | |
| Others (Specify in Notes) | Non-applicable | 4% | Country Editor | A.4.3.3 | |
| % of appraisals done by employees of lenders | 95% | Country Editor | A.4.4 | ||
| Do third party servicing institutions exist? | No | Country Editor | A.4.5 | ||
| % of loans serviced by originators/lenders | 95% | Country Editor | A.4.6 | ||
A.5 Credit Risk Assessment
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Do credit bureaus exist? | No | No | No | Doing Business | A.5.2 |
| Are there legal/regulatory constraints to gaining access to credit information? | Yes | Country Editor | A.5.2.1 | ||
| What percentage of mortgage originations use credit scoring? | 0% | Country Editor | A.5.1 | ||
| Is mortgage default insurance available? | Yes | Country Editor | A.5.3 | ||
| When did it begin operating? | 1997 | Country Editor | A.5.3.1 | ||
| What is the typical MI product? | About 10-20 % of mortgage value paid over the mortgage period | Country Editor | A.5.3.2 | ||
| Number of private mortgage insurers | 22 | Country Editor | A.5.3.3 | ||
| Are credit guarantee systems used? | Yes | Agence Francaise de Developpement | A.5.4 | ||
| Is there public sponsored MI / guarantee? | No | Country Editor | A.5.5 | ||
| What share of total annual mortgage production is insured/guaranteed? | 50% | Country Editor | A.5.7 |
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) | secondary | secondary | Country Editor | B.1.1 | |
| Wholesale funding: loans from other banks or corporations | tertiary | Country Editor: Crédit Foncier du Cameroon | B.1.2 | ||
| Other | primary | primary | Country Editor | 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? | No | Country Editor | C.1 | ||
| Types of lenders operating in the housing micro-finance (HMF) sector: | C.2 | ||||
| Level of NPLs (>90 days past due) in HMF | C.4 | ||||