PUBLICATIONS

UK Housing Review 2013
The Chartered Institute of Housing
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Global Affordable Housing Report: BRICS Plus Mortar
RICS
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Urban China: Toward Efficient, Inclusive and Sustainable Urbanization
World Bank, Development Research Center of China’s State Council
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Fiscal Policy and Income Inequality
Sanjeev Gupta and Michael Keen
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The Regulatory Responses to the Global Financial Crisis: Some Uncomfortable Questions
Stijn Claessens and Laura Kodres
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Trading Places: Accessing Land in African Cities
Mark Napier, Stephen Berrisford, Caroline Wanjiku Kihato, Rob McGaffin, Lauren Royston
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Canadian Housing Observer 2013
Canada Mortgage and Housing Corporation
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Securitization: Lessons Learned and the Road Ahead
Miguel Segoviano, Bradley Jones, Peter Lindner, and Johannes Blankenheim
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Industry Trends Highlight Importance of Effective Interest-Rate Risk Management
The US Government FDIC's Division of Risk Management Supervision
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2013 Housing Finance in Africa Yearbook
Centre for Affordable Housing Finance in Africa; Finmark Trust
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Polciy Action Table
Ilhyock Shim, Bilyana Bogdanova, Jimmy Shek and Agne Subelyte
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Database for policy actions on housing markets
Ilhyock Shim, Bilyana Bogdanova, Jimmy Shek and Agne Subelyte
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The Diffusion of Microfinance
Abhijit Banerjee, Arun G. Chandrasekhar, Esther Duflo and Matthew O. Jackson
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The U.S. Housing Stock: Ready for Renewal
Joint Center for Housing Studies
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Long-term Finance and Economic Growth
Group of Thirty
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Handbook on Residential Property Prices Indices (RPPIs)
Eurostat
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Rental Housing: Lessons from International Experience and Policies for Emerging Markets
Ira Gary Peppercorn and Claude Taffin
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Financial globalization: Retreat or reset?
McKinsey Global Institute
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Housing Finance Systems: Market Failures and Government Failures
Sock-Yong Phang
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Rethinking the Role of the State in Finance
The World Bank
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Is there a Real Estate Bubble in Brazil?
Mário Jorge Mendonça, Adolfo Sachsida
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Room for Development: Housing Markets in Latin America and the Caribbean
Inter-American Development Bank
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Why House Price Indexes Differ: Measurement and Analysis
Mick Silver
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Global Housing Markets: Crises, Policies, and Institutions
Ashok Bardhan, Robert Edelstein, Cynthia Kroll
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Fixing the Housing Market: Financial Innovations for the Future
Franklin Allen, James R. Barth and Glenn Yago
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The Little Data Book on Financial Inclusion 2012
The World Bank
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The World Bank eAtlas of Financial Inclusion
The World Bank
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Measuring Financial Inclusion: The Global Findex Database
Asli Demirguc-Kunt and Leora Klapper
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Financial Development in Latin America and the Caribbean The Road Ahead
Augusto de la Torre, Alain Ize, and Sergio L. Schmukler
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Lost Decades: The Making of America’s Debt Crisis and the Long Recovery
Menzie D. Chinn and Jeff A. Frieden
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Newsroom

Current Issues

Conavi release Mexico's Housing Sector Monthly Report for March 2014
3/24/2014
In its March 2014 monthly report on Mexico's housing sector, Conavi signalled an increase in construction, particularly in housing units. The rise in construction is expected to be accompanied by increases in demand and financing for the sector. More>>
2012-2013 English Housing Survey Results
3/17/2014
The latest English Housing survey shows continued downward trend in homeownership and increase in private rental over social rental. 
SEC Proposes Rules for Systemically Important and Security-Based Swap Clearing Agencies
3/17/2014
The Securities and Exchange Commission voted today to propose new rules to enhance the oversight of clearing agencies that are deemed to be systemically important or that are involved in complex transactions, such as security-based swaps.
European Union issued Directive on Credit Agreements Relating to Immovable Property
2/4/2014
The European Union issued Directive 2014/EU of the European Parliament and of the Council on credit agreement relating to residential immovable property --- amending previous Directives (2008/48/EC and 2013/36/EU) and Regulations (EU no 1093/2010). More>>

Basel Committee Endorses Proposals on a Common Definition of the Leverage Ratio and Changes to the Net Stable Funding Ratio
1/23/2014
The Basel Committee on Banking Supervision (BCBS) published several new proposals on the Basel III framework. It published a consultative document on the net stable funding ratio (NSFR) together with proposals on the liquidity coverage ratio and disclosure requirements. The BCBS expressed concerns about a trade-off between the goal of achieving financial stability and encouraging bank intermediation.
Reserve Bank of India Moves to Open Up Access to Financial Services
1/17/2014
The Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, set up by the Reserve Bank of India (RBI) in September 2013, under the leadership of Nachiket Mor, published its final report on 12-31-2013. The committee was tasked to outline plans to promote financial inclusion in India, where only one third of adults have access to a bank account. More>>
UK Housing Recovery Broadens with Increased House Prices
1/14/2014
In its most recent bulletin on the House Price Index for November 2013, the UK Office for National Statistics reports strong house price growth across most of the UK as a result of the broadening housing recovery. More>>
HUD Releases 'Qualified Mortgage' Definition
12/16/2013
The U.S. Department of Housing and Urban Development (HUD) released its final rule which defines a ‘Qualified Mortgage (QM)’ that is insured, guaranteed or administered by HUD. The final rule will be effective on January 10, 2014. More>>
Government of South Africa Moves to Protect Consumers and Assist Over-Indebted Households
12/12/2013
The Cabinet of the Government of South Africa authorized the Ministers of Finance, and Trade and Industry to take measures to assist over-indebted households and prevent them from becoming over-indebted in future. More>>
Federal Agencies Issue Final Rules Implementing the “Volcker Rule”
12/12/2013
The Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Commodity Futures Trading Commission issued final rules on December 10, 2013, implementing section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, referred to as the "Volcker Rule". More>>
Brazil’s Housing Deficit Figures Show Improvement
11/25/2013
IPEA, Brazil’s Office of Statistics, calculated that the total housing deficit decreased from 5.59 million housing units, in 2007, to 5.24 million housing units in 2012, a reduction of 6.3%. The percentage decrease is larger in reality since the number of housing units increased by 12.8% in the same period. More>>
Deutsche Bundesbank Sees Possible Overvaluation of Residential Property in German Cities
11/18/2013
Housing prices in Germany have been rising strongly since 2010 that a possible overvaluation cannot be ruled out. This is the finding from the Bundesbank’s most recent Monthly Report. More>>
David Miles: Housing, Leverage and Stability in the Wider Economy
11/14/2013
In a speech at the Dallas Federal Reserve, David Miles, Bank of England, considers some of the policies that might be used to reduce the risks of turbulence in the housing market causing widespread damage. He argues that leverage is particularly significant in accounting for volatility in housing markets and the potential harm. He considers the advantages of (and obstacles to) greater use of outside equity in financing house purchases. More>>
Outlook for Russia’s Housing and Mortgage Market, Q1 2013
10/24/2013
The Agency for Housing Mortgage Lending published its quarterly report on Russia’s housing and mortgage market for Q1 2013. More>>
The European Central Bank Starts Bank Stress Tests
10/24/2013
The ECB announced today details of the comprehensive assessment of banks to be conducted in preparation of assuming full responsibility for supervision as part of the single supervisory mechanism. More>>
U.S. Economic and Housing Market Outlook
10/23/2013
Freddie Mac released today its U.S. Economic and Housing Market Outlook for October showing that the federal government shutdown, debt ceiling issues, and the slowing economy -- including the severely depressed level of new home construction -- are slowing the housing recovery heading into the fourth quarter of the year. More>>
Mexican Government’s Stimulus Measures Target Housing and Infrastructure Sectors
9/23/2013
On 13 September, Mexican President Enrique Peña Nieto announced a MXN27 billion (US$2 billion) economic growth acceleration program that targets financing support for the housing industry, consumption credit and infrastructure. More>>
Country Change Readiness Index
9/18/2013
KPMG, in collaboration with Oxford Economics, developed the Change Readiness Index (CRI) – an index, which assesses the ability of 90 countries (developed and developing) to manage change and cultivate the resulting opportunity. More>>
Important Policy Papers on Macroprudential Policy
9/16/2013
The crisis has underscored the costs of systemic instability at both the national and the global levels and highlighted the need for dedicated macroprudential policies to achieve financial stability. The IMF has developed a series of papers that provide a framework to inform the IMF’s advice on macroprudential policy. More>>
A New Qualified Residential Mortgage Rule for the US?
8/28/2013
Since the US Dodd-Frank Act proposed rules for “Qualified Residential Mortgages (QRM)” in 2011 that would decide whether sponsors of securitization transactions would need to retain risk in those transactions, a fierce debate has ensued about the restrictiveness of those rules, in particular the requirement for a 20 percent down payment to qualify for QRM status. More>>
Bank of International Settlements Regulatory Guidelines for the Mortgage Insurance Industry
8/20/2013
BIS published the final report on Mortgage insurance: market structure, underwriting cycle and policy implications.The report examines the interaction of mortgage insurers with mortgage originators and underwriters, and makes recommendations directed at policymakers and supervisors which aim at reducing the likelihood of mortgage insurance stress and failure in such tail events. More>>
An Important Step Toward Global Property Measurement Standards
8/10/2013
The International Property Measurement Standards Coalition (IPMSC), which was established in May 2013 to address the lack of global standards for measuring property, agreed on the formation of an independent standards development committee and a program of wider industry and stakeholder engagement. The committee, which includes experts with first-hand knowledge in 50 countries across five continents, is tasked with the job of drafting and consulting industry.
Canada's CMHC to Cap Its Guarantees to Issuers of NHA MBS to C$350 Million for the Remainder of 2013
8/6/2013
The Canada Mortgage and Housing Corporation announced that it would restrict guarantees it offers to banks and other lenders under its National Housing Act Mortgage-backed Securities (NHA-MBS) program to a maximum of C$350-milion per issuer for the remainder of the year. More>>
US Dodd-Frank Mortgage Rules Readiness Guide
7/10/2013
The Consumer Financial Protection Bureau's (CFPB's) Dodd-Frank Mortgage Rules Readiness Guide has been posted. The guide will assist lending institutions to evaluate whether they are ready for the impending changes in mortgages rules slated to take place between June 1, 2013 and mid-January 2014. More>>
Fed Approves Final Rule on Capital Requirements
7/3/2013
The Federal Reserve Board on Tuesday approved a final rule to help ensure banks maintain strong capital positions that will enable them to continue lending to creditworthy households and businesses even after unforeseen losses and during severe economic downturns. More>>
US Residential Mortgage-Backed Securities Market Coming Back
6/26/2013
According to a recent report prepared by Mark Zandi, Chief Economist of Moody Analytics, the market for private residential mortgage-backed securities (RMBS) is slowly resurrecting after a 5-year hiatus. Several small private RMBS deals, backed by high quality mortgage loans, have been con cluded recently and more are planned in coming months. More>>
Focus on House Prices in OECD Countries
6/25/2013
House prices differ widely across OECD countries, both with respect to recent changes and to valuation levels. More>>
Update on Poland's Real Estate Market for Q1 2013
6/1/2013
The Macro-prudential Policy Bureau of the National Bank of Poland published an update on the housing sector and house prices and the state of Poland’s real estate market for Q1 2013. More>>
High Home-Ownership Rate Has an Adverse Effect on the Labor Market
5/23/2013
A study by David Blanchflower and Andrew Oswald explored the hypothesis that high home-ownership may impair the vitality of the labor market. Their findings are relevant for policy-makers and researchers. More>>
Home Ownership in England and Wales Falls for the First Time Since 1918
4/19/2013
The National Office of Statistics of the United Kingdom published a report today on long term home-ownership trends in England and Wales, as part of the 2011 census analysis. More >>
Oxford Economics Study Reaffirms the Negative Impact of Increased Bank Capital and Liquidity Requirements on Economic Growth
4/12/2013
A study by Oxford Economics, released by The Clearing House, analyzed the potential effects of bank capital and liquidity regulation under Basel III assumptions in five key studies. More>>
The UK’s FSA Finalized Rules and Regulations for Financial Benchmarks
3/29/2013
The UK’s Financial Services Authority (FSA) has finalized new rules and regulations for financial benchmarks, initially focused on the London Inter-Bank Offered Rate (LIBOR). More>>
Nigeria’s Central Bank Approves Framework for a Mortgage Refinance Company
3/29/2013
The Central Bank of Nigeria (CBN) approved the draft framework for operating a mortgage refinance company in Nigeria. More>>
The State Council of China Issued a Statement on New Policies to Limit further House Price Increases
3/1/2013
The current government appears to pursue the same policy goal of containing rises in property prices while at the same time making sure residential real estate investment is not stifled unnecessarily as it is such an important part of GDP.  More>>
US Bipartisan Policy Center Commission Recommends New Systems for Housing Finance and Federal Rental Assistance
2/26/2013
A bipartisan commission of former Cabinet secretaries, former Senators and other leading housing and economic experts unveiled a new vision for housing policy today. More>>
The European Union Has A House Price Index
2/8/2013
Eurostat, the European Commission’s Statistical Agency, published the first report on the new EU-wide house-price index last week. More>>
U.S. Consumer Financial Protection Bureau Announces Qualified Mortgage Guidelines
1/9/2013
The Consumer Financial Protection Bureau revealed its much awaited ability-to-repay and qualified mortgage guidelines, The rule will take effect on January 10, 2014. More>>
Basel III: The Liquidity Coverage Ratio and liquidity risk monitoring tools
1/7/2013
The Basel Committee issued the full text of the revised Liquidity Coverage Ratio (LCR) following endorsement on 6 January 2013 by its governing body - the Group of Central Bank Governors and Heads of Supervision (GHOS). More>>
Deputy Governor of the Bank of Japan Highlights Demographic Trends as Key Drivers of Property Price Movements
1/4/2013
At the ASSA/ AREUEA Meeting in San Diego, Deputy Governor of the Central Bank of Japan, Dr. Kiyohiko G. Nishimura, discussed the critical role of demographic trends as key drivers of the property price movements over the past few decades. More>>
Canadian Mortgage and Housing Corporation Announces Corporate Bond Framework
12/17/2012
CMHC announced the details of the legal framework for Canadian covered bonds. The framework establishes high disclosure standards and recourse specification. More>>
Operating Principles and Areas of Exploration in the Regulation of the Cross-Border OTC Derivatives Market
12/4/2012
Leaders of authorities with responsibility for the regulation of the over-the-counter (OTC) derivatives markets met to discuss reforms agreed by the G-20 leaders. More>>
FHA’s Assets Will Not Cover Projected Losses and May Need Bail-out
11/16/2012
A report by an independent actuary shows that the Federal Housing Administration (FHA), the US government’s mortgage insurer, ended fiscal-year 2012 with a $16.3 billion insurance-fund deficit. More>>
FreddieMac: Economic and Housing Market Outlook Compared to What a Healthy Housing Market Should Look Like
11/16/2012
FreddieMac’s recent data show that the US housing market is healing. More>>
Hong Kong Levies 15% Tax on Property Purchases by Foreigners
10/31/2012
Hong Kong’s Financial Secretary John Tsang announced that, in order to stabilize the residential market in an environment of continued low interest rates and weak economy, the government would put a new tax of 15 percent on all residential property purchases by foreign nationals. More>>
Financial Services Authority (UK) Confirms New Rules for the Mortgage Market
10/28/2012
The Financial Services Authority (FSA) has published new rules that put common sense at the heart of the mortgage market and will prevent future borrowers ending up with a mortgage they cannot afford. More >>
FHFA Releases White Paper on Proposed Common Securitization Platform
10/23/2012
The Federal Housing Finance Agency (FHFA) released for public input a white paper on a proposed framework for a common securitization platform and a model Pooling and Servicing Agreement. More>>
Governor of Bank of England Assesses Twenty Years of Inflation Targeting
10/9/2012
Mervyn King – Governor of the Bank of England – gives a personal assessment of the inflation targeting regime over the past twenty years. More>>
France Nationalizes Its Second Largest Mortgage Lender
9/26/2012
The French government suddenly announced the nationalization of troubled mortgage lender Credit Immobilier de France (CIF), which is the country's second largest mortgage specialist. More>>
FED Will Buy More Than Half of All Agency MBS until Labor Markets Improve
9/17/2012
The Federal Open Market Committee (FOMC) of the US Federal Reserve system decided on an aggressive increase of Federal Reserve purchases of agency mortgage-backed securities (MBS). More>>
First SEC Registered Covered Bonds Sale in the US by RBC
9/17/2012
After a lengthy legal process, the Royal Bank of Canada (RBC) has become the first bank to register its covered bonds with the US Securities and Exchange Commission. More>>
Government of Brazil Injects New Capital into CAIXA
9/17/2012
The Government of Brazil is to inject BRL1.5 billion (approximately $735 million) into state-owned bank Caixa Economica Federal. More>>
Center for Responsible Lending Issues a Brief on Potential Negative Impact of a Government Mandated 10 Percent Down-Payment
9/14/2012
The Center for Responsible Lending, a US independent non-profit policy think-tank focused on abuses in consumer lending, has issued a brief to warn against adopting a US government mandated 10 percent down-payment as part of the “Qualified Residential Mortgage” requirements. More>>
Global Housing Cycles
9/12/2012
IMF and BIS have collected Global House Price information on 52 countries and are continuously expanding the number of countries for which information is collected. More>>
The US Treasury Takes Steps to Expedite Wind Down of FNMA and Freddie Mac
8/20/2012
The U.S. Department of the Treasury today announced a set of modifications to the Preferred Stock Purchase Agreements (PSPAs) between the Treasury Department and the Federal Housing Finance Agency (FHFA)... More>>
Consumer Financial Protection Bureau Proposes Rules to Bring Greater Accountability to Mortgage Market
8/20/2012
The Consumer Financial Protection Bureau (CFPB) invites the public to comment on proposed rules governing mortgage loan originations by October 16, 2012. More>>
Six US Regulators Announce Common Appraisal Rules for High Risk Mortgages
8/16/2012
A common set of appraisal rules for “high risk mortgages” has been proposed by the six principle regulators of banks and credit unions in the USA: Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board of Governors, the Federal Deposit Insurance Corporation, Federal Housing Finance Agency, National Credit Union Administration, and the Office of Comptroller of the Currency. More>>
US Consumer Financial Protection Bureau Proposes New Mortgage Servicing Rules
8/13/2012
The Consumer Financial Protection Bureau has proposed the first set of national mortgage servicing regulations and invites comments until October 9, 2012. More>>
FHFA Refused Proposed Principle Reduction Program for Underwater Borrowers
8/9/2012
The US Federal Housing Finance Agency, that regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks, issued the following statement: More>>
A Long-Term View of France’s Home Prices
8/8/2012
Government of France’s Jacques Friggit of the Internal Audit and Forecasting Department (of the Ministries in charge of the Environment, Sustainable Development, Energy, Transportation , Housing, etc. ), presented a compelling argument that French house prices are far out of line with fundamentals such as rents, incomes or supply. More>>
European Parliament Delays Vote on Proposed Directive on Mortgage Regulation until December 2012
8/8/2012
The final vote that may determine the shape of the proposed European Directive on "Credit Agreements Relating to Residential Property (CARRP) “ has been postponed for three months and is now scheduled for 10 December. More>>
Indian Central Bank Modifies Rules Governing Non-Bank Financial Company - Micro-Finance Institutions
8/7/2012
On December 2, 2011, the Reserve Bank of India issued a regulatory framework governing Non-Banking Financial Company - Micro Finance Institutions- a new category of financial institution. More>>
Center for Responsible Lending says No Credit Crunch as a Result of Consumer Protection Reforms included in Dodd-Frank
7/30/2012
Mike Calhoun, the President of the Center for Responsible Lending, a non-profit, non-partisan research and policy organization working to eliminate abusive financial practices in the USA, made three main points in his testimony before the US House Committee on Oversight and Government Reform Hearing:”Credit Crunch: Is the CFPB Restricting Consumer Access to Credit?” More>>
Underestimating Supply Constraints in the UK Housing Market
7/26/2012
Shelter, The Housing and Homeless Charity, commissioned a report from FTI consulting on the supply constraints in the UK housing market. More>>
Social Performance Taskforce Finalizes Universal Standards for Social Performance Management for Microfinance Institutions
7/17/2012
The Social Performance Taskforce published its Universal Standards for Social Performance Management last month. More>>
US Consumer Financial Protection Bureau Issues Study on Reverse Mortgages
7/5/2012
The US Congress directed the Consumer Financial Protection Bureau (CFPB) to conduct a study on reverse mortgages as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. More>>
Saudi Arabia Approves Mortgage Law
7/2/2012
On July 2, 2012, the Saudi Council of Ministers approved the long-awaited mortgage law, which is comprised of five key areas; mortgage registration, real estate funding (securitization), finance companies, financial leasing and enforcement. More>>
Brazil Increases Maximum Amortization Term
6/21/2012
Caixa Economica Federal announced last week that it had increased the maximum amortization period on mortgage loans to 35 years in order to increase affordability. More>>
Canada Announces Tightening of Mortgage Rules
6/21/2012
The Department of Finance of the Government of Canada announced on Wednesday June 20, 2012 that it will further tighten mortgage rules to address concerns over high Canadian household debt. More>>
Proposal for a Directive of the European Parliament and of the Council on Credit Agreements Relating to Residential Property
5/30/2012
The objective of this Directive is to ensure that credit agreements relating to immovable property provided to consumers benefit from a high level of protection. More>>
US: FHFA Releases Draft Strategic Plan for Public Comment
5/16/2012
Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco has released, for public comment, the FHFA’s draft Strategic Plan: Fiscal Years 2013-2017. More>>
Brazil Moves to Index "Poupança" Interest Rates on the SELIC Rate
5/10/2012
On May 3, 2012, President Dilma Rousseff issued Medida Provisoria No 567, to effect change in Law No 8.177 which establishes rules on indexation of the economy, among other things. The MP links the interest rate paid on the popular tax-free “Poupança” (savings accounts) to the SELIC rate. More>>
FSB Announces Next Round of Principles for Sound Residential Mortgage Underwriting Practices
4/27/2012
The newly announced version of the FSB principles for mortgage underwriting take into account the comments received during the consultative process. Greater emphasis is given to the obligation of the lender... More>>
U.S. Moves Closer To Mortgage Writedowns
4/13/2012
In a speech at the Brookings Institution, Edward DeMarco, head of the Federal Housing Finance Agency that regulates state controlled lenders FannieMae and Freddie Mac, mentioned for the first time that it might consider a mortgage debt writedown program. More>>
Canada: Enhanced Oversight of the Mortgage Insurance Industry and Progress on the Legislative Framework for Mortgage Bonds
4/4/2012
Canada’s housing market and housing finance system have weathered the global crisis better than most. There are, however, signs that some parts of the housing market are overvalued and that there is an oversupply of new housing. More>> 
UK’s FSA Publishes Mortgage Sector Statistics for 2010 Q3 to 2011 Q4
3/14/2012
On March 13, 2012, UK's Financial Services Authority published statistics on the mortgage sectors for the period from the third quarter of 2010 to the fourth quarter of 2011. Some of the key statistics for the Q4 2011 are as follows: More>>
Speech: National Balance Sheets and Macro Policy: Lessons from the Past
3/2/2012
The spectre hanging over the world economy these past years – the drag on our recovery – has been deleveraging. Around the world, households, some firms, banks, governments, whole economies are acting to reduce their debt overhang. More>>
UK’s FSA issues Mortgage Market Review: Proposed Package of Reforms
2/3/2012
At the end of 2011, the Financial Services Authority of the United Kingdom, published its proposals for reforms of the mortgage sector. More>>
FED Issues White Paper on Housing Market and Related Policy Considerations
1/10/2012
On January 4, 2012, Federal Reserve Chairman Ben S. Bernanke sent a report entitled “The U.S. Housing Market: Current Conditions and Policy Considerations” to leaders of the Senate Banking, Housing and Urban Affairs Committee. More>>
Russia’s AHML Announces 2nd Quarter Mortgage Market Results
12/9/2011
While GDP decreased in the second quarter of 2011 to 3.4 percent yoy, household consumption has recovered from the post-crisis shock and lending to the household sector is growing, including for mortgages.  More>>
David Miles Speech on Mortgages, Housing and Monetary Policy
11/23/2011
In a speech for the Northern Housing Consortium, David Miles assesses the “extraordinary period of readjustment” in the UK housing market and the consequences for the future rate of home-ownership. More>>
UK’s Financial Service Authority (FSA) Proposes Guidance on Structured Products
11/3/2011
The FSA conducted a Structured Products Review that included the major providers of structured investment products –both capital-at-risk and non-capital-at-risk – and structured deposit products between November 2010 and May 2011. More>>
G20 Finance Ministers Agree on High-Level Financial Consumer Protection Principles
10/31/2011
During the G20 Finance Ministers and Central Bank Governors Meeting in Paris new principles on financial consumer protection were endorsed. The principles were developed by the Task force on Consumer Protection of the OECD at the request of the G20 finance ministers and in close cooperation with the Financial Stability Board and its Consultative Group. More>>
Brazil Expands Secondary Mortgage Market
10/27/2011
Three of Brazil’s largest banks announced the sale of BRL2.84 billion (approximately USD$1.62 billion) in mortgage loans to the Fundo de Gaurantia por Tempo de Servico (FGTS), the Government Severance Indemnity Fund.  More>>
Islamic Financial Services Board Actions Addresses IFIs Liquidity Constraints
10/27/2011
Liquidity for Islamic Financial Institutions (IFIs) remains constrained by the absence of a deep and globally integrated Shari’ah-compliant money market, particularly in liquid, short-dated and high-quality issuance. More>>
FSB Releases Consultation Paper on Principles for Sound Residential Mortgage Underwriting Practices
10/26/2011
The Financial Stability Board (FSB) launched a public consultation on its draft Principles for Sound Residential Mortgage Underwriting Practices. More>>
Freddie Mac Shows Upswing in Rental Market in USA
10/20/2011
Freddie Mac released its October 2011 Economic and Housing Market Outlook for the US, showing an upswing in the rental, multi-family housing sector. “With rental demand rising and apartment economics improving, the multifamily sector is a positive signal for the U.S. housing industry.” More>>
First Status Report on Basel II, Basel 2.5 and Basel III Implementation
10/20/2011
The Basel Committee on Banking Supervision issued its first high-level view of member countries’ progress in preparing and adopting national laws and regulations to ensure that the Basel committee’s capital standards are implemented according to internationally agreed time frames. More>>
Economic Costs and Benefits of BIS Proposals to Increase Capital Requirements for Large Global Banks
10/11/2011
The Financial Stability Board (FSB) and Basel Committee on Banking Supervision (BCBS) released an assessment of the macroeconomic costs and benefits of proposals for higher loss absorbency for global systemically important banks (G-SIBs) -- Assessing the macroeconomic impact of higher loss absorbency for global systemically important banks. More>>
Renewed Commitment by Members of the African Union for Housing Finance
9/19/2011
At their annual meeting on September 8, 2011, the 31 members of the African Union for Housing Finance committed to broaden their housing finance markets and increase access by a broad spectrum of the population More>>
European Commission Proposal for Banking Regulation - CRD IV
9/15/2011
At the end of July 2011, the European Commission published its proposals for the European adaptation of Basel III.  More>>
US and European Union Move Forward on Legislation Concerning Mortgage Credit
9/15/2011
This summer, both the USA and the European Union took important steps towards drafting directives and regulations to strengthen the credit agreements relating to residential property. More>>
Nigeria’s Central Bank Leads Housing Finance Sector Reform
8/30/2011
The Central Bank of Nigeria (CBN) will make reform of the housing finance one of its priorities in the next few years. As the opening, it organized a Stakeholder’s Roundtable on Expanding Housing Finance in Nigeria on August 11, 2011 in Abuja. More>>
The US Congress Joint Committee on Taxation releases two comprehensive reports on the taxation of debt
8/5/2011
On July 11 The Joint Committee on Taxation of the US Congress released two comprehensive reports on the taxation of debt; one on Business Debt and one on Household Debt. More>>
European Banking Authority Publishes the EU-Wide Stress Test Aggregate Report
7/18/2011
On July 15 2011, the European Banking Authority (EBA) published the EU-Wide Stress Test Aggregate Report. The test assesses the resilience of European banks to a hypothetical adverse scenario and uses a common, conservative stress testing benchmark for European banks. More>>
UK Financial Services Authority Releases Document on its Approach to Regulation and Consumer Protection
6/28/2011
On June 27, 2011, The Financial Services Authority of the UK Government issued a document that sets out the proposed approach the Financial Conduct Authority will take to market regulation and consumer protection. More>>
FSB Publishes Peer Review on Residential Mortgage Underwriting and Origination Practices
3/24/2011
On 17 March, 2011, the Financial Stability Board (FSB) published a Peer Review on Residential Mortgage Underwriting and Origination Practices in FSB member jurisdictions to promote sound residential mortgage underwriting practices globally, and hence financial stability. More>>


Other News

News Year:



Date News Theme Country
3/24/2014 Conavi release Mexico's Housing Sector Monthly Report for March 2014 Housing Finance and the Economy Mexico  
3/17/2014 2012-2013 English Housing Survey Results  Housing Finance and the Economy United Kingdom 
3/17/2014 SEC Proposes Rules for Systemically Important and Security-Based Swap Clearing Agencies Housing Finance Policy United States 
2/4/2014 European Union issued Directive on Credit Agreements Relating to Immovable Property Housing Finance Policy  
1/23/2014 Basel Committee Endorses Proposals on a Common Definition of the Leverage Ratio and Changes to the Net Stable Funding Ratio Housing Finance Policy  
1/17/2014 Reserve Bank of India Moves to Open Up Access to Financial Services Retail Housing Finance, Funding Housing Finance, Housing Finance Policy India 
1/14/2014 UK Housing Recovery Broadens with Increased House Prices  United Kingdom 
12/16/2013 HUD Releases 'Qualified Mortgage' Definition Retail Housing Finance United States 
12/12/2013 Federal Agencies Issue Final Rules Implementing the “Volcker Rule” Housing Finance Policy United States 
12/12/2013 Government of South Africa Moves to Protect Consumers and Assist Over-Indebted Households  South Africa 
11/25/2013 Brazil’s Housing Deficit Figures Show Improvement  Brazil 
11/18/2013 Deutsche Bundesbank Sees Possible Overvaluation of Residential Property in German Cities  Germany 
11/14/2013 David Miles: Housing, Leverage and Stability in the Wider Economy Housing Finance and the Economy, Housing Finance Policy  
10/30/2013 OCC and FDIC Propose Rule to Strengthen Liquidity Risk Management Housing Finance Policy United States 
10/24/2013 Outlook for Russia’s Housing and Mortgage Market, Q1 2013  Russian Federation 
10/24/2013 The European Central Bank Starts Bank Stress Tests   
10/23/2013 U.S. Economic and Housing Market Outlook   United States 
9/30/2013 Signs that India is Opening up to Foreign Investment  India 
9/23/2013 Mexican Government’s Stimulus Measures Target Housing and Infrastructure Sectors  Mexico  
9/18/2013 Country Change Readiness Index   
9/16/2013 Important Policy Papers on Macroprudential Policy Housing Finance Policy  
8/28/2013 A New Qualified Residential Mortgage Rule for the US? Housing Finance Policy  
8/20/2013 Fed Paper on Internal Capital Planning Procedures at Large Bank Holding Companies Housing Finance Policy  
8/20/2013 Bank of International Settlements Regulatory Guidelines for the Mortgage Insurance Industry Retail Housing Finance  
8/10/2013 An Important Step Toward Global Property Measurement Standards Housing Finance Policy  
8/6/2013 Canada's CMHC to Cap Its Guarantees to Issuers of NHA MBS to C$350 Million for the Remainder of 2013  Canada 
7/10/2013 US Dodd-Frank Mortgage Rules Readiness Guide Housing Finance Policy United States 
7/3/2013 Fed Approves Final Rule on Capital Requirements Housing Finance Policy United States 
6/26/2013 US Residential Mortgage-Backed Securities Market Coming Back  United States 
6/25/2013 Focus on House Prices in OECD Countries   
6/1/2013 Update on Poland's Real Estate Market for Q1 2013  Poland 
5/23/2013 High Home-Ownership Rate Has an Adverse Effect on the Labor Market   
4/19/2013 Home Ownership in England and Wales Falls for the First Time Since 1918  Housing Finance and the Economy, Housing Finance Policy United Kingdom 
4/12/2013 Oxford Economics Study Reaffirms the Negative Impact of Increased Bank Capital and Liquidity Requirements on Economic Growth    
3/29/2013 The UK’s FSA Finalized Rules and Regulations for Financial Benchmarks  United Kingdom 
3/29/2013 Nigeria’s Central Bank Approves Framework for a Mortgage Refinance Company  Nigeria 
3/1/2013 The State Council of China Issued a Statement on New Policies to Limit further House Price Increases  China 
2/26/2013 US Bipartisan Policy Center Commission Recommends New Systems for Housing Finance and Federal Rental Assistance  United States 
2/8/2013 The European Union Has A House Price Index   
1/9/2013 U.S. Consumer Financial Protection Bureau Announces Qualified Mortgage Guidelines Retail Housing Finance  
1/7/2013 Basel III: The Liquidity Coverage Ratio and liquidity risk monitoring tools   
1/4/2013 Deputy Governor of the Bank of Japan Highlights Demographic Trends as Key Drivers of Property Price Movements  Japan 
12/17/2012 Canadian Mortgage and Housing Corporation Announces Corporate Bond Framework   
12/4/2012 Operating Principles and Areas of Exploration in the Regulation of the Cross-Border OTC Derivatives Market   
11/16/2012 FHA’s Assets Will Not Cover Projected Losses and May Need Bail-out  United States 
11/16/2012 FreddieMac: Economic and Housing Market Outlook Compared to What a Healthy Housing Market Should Look Like  United States 
10/31/2012 Hong Kong Levies 15% Tax on Property Purchases by Foreigners  Hong Kong SAR, China 
10/28/2012 Financial Services Authority (UK) Confirms New Rules for the Mortgage Market  United Kingdom 
10/23/2012 FHFA Releases White Paper on Proposed Common Securitization Platform Funding Housing Finance United States 
10/9/2012 Governor of Bank of England Assesses Twenty Years of Inflation Targeting   
9/26/2012 France Nationalizes Its Second Largest Mortgage Lender  France 
9/17/2012 FED Will Buy More Than Half of All Agency MBS until Labor Markets Improve  United States 
9/17/2012 First SEC Registered Covered Bonds Sale in the US by RBC  Canada, United States 
9/17/2012 Government of Brazil Injects New Capital into CAIXA  Brazil 
9/14/2012 Center for Responsible Lending Issues a Brief on Potential Negative Impact of a Government Mandated 10 Percent Down-Payment   United States 
9/12/2012 Global Housing Cycles   
8/20/2012  The US Treasury Takes Steps to Expedite Wind Down of FNMA and Freddie Mac  United States 
8/20/2012 Consumer Financial Protection Bureau Proposes Rules to Bring Greater Accountability to Mortgage Market Retail Housing Finance United States 
8/16/2012 Six US Regulators Announce Common Appraisal Rules for High Risk Mortgages  United States 
8/13/2012 US Consumer Financial Protection Bureau Proposes New Mortgage Servicing Rules  United States 
8/9/2012 FHFA Refused Proposed Principle Reduction Program for Underwater Borrowers  United States 
8/8/2012 A Long-Term View of France’s Home Prices  France 
8/8/2012 European Parliament Delays Vote on Proposed Directive on Mortgage Regulation until December 2012   
8/7/2012 Indian Central Bank Modifies Rules Governing Non-Bank Financial Company - Micro-Finance Institutions  India 
7/30/2012 Center for Responsible Lending says No Credit Crunch as a Result of Consumer Protection Reforms included in Dodd-Frank   
7/26/2012 Underestimating Supply Constraints in the UK Housing Market  United Kingdom 
7/17/2012 Social Performance Taskforce Finalizes Universal Standards for Social Performance Management for Microfinance Institutions Retail Housing Finance, Housing Finance Policy  
7/5/2012 US Consumer Financial Protection Bureau Issues Study on Reverse Mortgages  United States 
7/2/2012 Saudi Arabia Approves Mortgage Law  Saudi Arabia 
6/21/2012 Brazil Increases Maximum Amortization Term  Brazil 
6/21/2012 Canada Announces Tightening of Mortgage Rules  Canada 
5/30/2012 Proposal for a Directive of the European Parliament and of the Council on Credit Agreements Relating to Residential Property Housing Finance Policy  
5/16/2012 US: FHFA Releases Draft Strategic Plan for Public Comment  United States 
5/10/2012 Brazil Moves to Index "Poupança" Interest Rates on the SELIC Rate  Brazil 
4/27/2012 FSB Announces Next Round of Principles for Sound Residential Mortgage Underwriting Practices Housing Finance Policy  
4/13/2012 U.S. Moves Closer To Mortgage Writedowns  United States 
4/4/2012 Canada: Enhanced Oversight of the Mortgage Insurance Industry and Progress on the Legislative Framework for Mortgage Bonds  Canada 
3/14/2012 UK’s FSA Publishes Mortgage Sector Statistics for 2010 Q3 to 2011 Q4  United Kingdom 
3/2/2012 Speech: National Balance Sheets and Macro Policy: Lessons from the Past  United Kingdom 
2/3/2012 UK’s FSA issues Mortgage Market Review: Proposed Package of Reforms Housing Finance Policy United Kingdom 
1/10/2012 FED Issues White Paper on Housing Market and Related Policy Considerations  United States 
12/9/2011 Russia’s AHML Announces 2nd Quarter Mortgage Market Results  Russian Federation 
11/23/2011 David Miles Speech on Mortgages, Housing and Monetary Policy  Housing Finance Policy United Kingdom 
11/3/2011 UK’s Financial Service Authority (FSA) Proposes Guidance on Structured Products  United Kingdom 
10/31/2011 G20 Finance Ministers Agree on High-Level Financial Consumer Protection Principles Housing Finance Policy  
10/27/2011 Brazil Expands Secondary Mortgage Market  Brazil 
10/27/2011 Islamic Financial Services Board Actions Addresses IFIs Liquidity Constraints   
10/26/2011 FSB Releases Consultation Paper on Principles for Sound Residential Mortgage Underwriting Practices Housing Finance Policy  
10/20/2011 Freddie Mac Shows Upswing in Rental Market in USA   United States 
10/20/2011 First Status Report on Basel II, Basel 2.5 and Basel III Implementation Housing Finance Policy  
10/11/2011 Economic Costs and Benefits of BIS Proposals to Increase Capital Requirements for Large Global Banks   
9/19/2011 Renewed Commitment by Members of the African Union for Housing Finance   South Africa 
9/15/2011 European Commission Proposal for Banking Regulation - CRD IV   
9/15/2011 US and European Union Move Forward on Legislation Concerning Mortgage Credit   
8/30/2011 Nigeria’s Central Bank Leads Housing Finance Sector Reform  Nigeria 
8/5/2011 The US Congress Joint Committee on Taxation releases two comprehensive reports on the taxation of debt Housing Finance Policy  
8/1/2011 Brazil’s Caixa Issues First RMBS   Brazil 
7/18/2011 European Banking Authority Publishes the EU-Wide Stress Test Aggregate Report   
7/5/2011 Korea’s Financial Services Commission Announces Tighter Regulations on Household Loans   Korea, Republic of 
6/28/2011 Mexico’s SHF to Eliminate UDI Loans in 2011  Mexico  
6/28/2011 UK Financial Services Authority Releases Document on its Approach to Regulation and Consumer Protection  United Kingdom 
6/3/2011 U.S. Congressional Budget Office Testified on Several Topics Related to the Government’s Mortgage Programs Housing Finance Policy United States 
5/23/2011 U.S. Securities and Exchange Commission Proposes Rules to Improve Transparency & Integrity of Credit Ratings   
5/15/2011 The Reserve Bank of India Proposes Regulation on the Micro-Finance Sector  India 
5/13/2011 Fannie Mae Reports a Net Loss of $6.5 Billion for the First Quarter   
5/12/2011 Freddie Mac Releases May 2011 U.S. Economic & Housing Market Outlook  United States 
5/12/2011 Fiserv Releases Analysis of U.S. Home Price Indexes   
5/11/2011 The U.S. Securities and Exchange Commission Seeks Public Comment to Assist in Study on Assigned Credit Ratings   
5/10/2011 UN-Habitat Publishes Policy Guide to Rental Housing in Developing Countries  Housing Finance Policy  
4/25/2011 FSB Publishes a Background Note on Shadow Banking Housing Finance Policy  
3/24/2011 FSB Publishes Peer Review on Residential Mortgage Underwriting and Origination Practices  Housing Finance Policy  
3/18/2011 Financial Services Authority Publishes Prudential Risk Outlook 2011   
2/14/2011 Reforming America’s Housing Finance Market: A Report to Congress  United States 
1/27/2011 Patterns of Global Urban Expansion: Implications for the Future Housing Finance and the Economy  
1/7/2011 Basel Committee Releases "A Global Regulatory Framework" Housing Finance Policy  
9/10/2010 Basel Committee Releases Microfinance Guidelines Retail Housing Finance  
7/2/2010 G20 Proposes Nine Principles for Innovative Financial Inclusion Retail Housing Finance  

 

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