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Europe and Central Asia

The Housing Finance System

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A. Primary Housing Finance Market
B. Funding Sources for Mortgages and the Secondary Mortgage Market
C. Housing Microfinance

A. Primary Housing Finance Market

A.1 Industry Structure and Performance

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
Types of originating lenders/market share:					A.1.2
Identify the 3 largest loan originating lenders	NLB, Nova KBM, SKB			Various Banks	A.1.3
Are there (quasi) public mortgage lenders:	Yes	Yes	Yes	Research	A.1.4
Universal/ commercial banks	Yes	Yes	Yes	NLB	A.1.4.1
Non-depository financial institutions specialized in housing finance	Yes	Yes	Yes	Slovenia Housing Fund	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 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:	7,143.66 USD (millions)	7,167.02 USD (millions)	6,026.29 USD (millions)	Bank of Slovenia	A.2.1
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)	13.21%	14.76%	13.49%	Bank of Slovenia, WEO	A.2.1.1
and as % of all credits outstanding	35.37%	35.44%	33.52%	Bank of Slovenia	A.2.1.2
Total amount of home mortgages made in calendar year in millions of USD	1,218.75 USD (millions)			Bank of Slovenia	A.2.3
and as % of GDP (current)	2.25%			Bank of Slovenia	A.2.3.1

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
Fixed rate for life of loan	Not available	54%	41%	Bank of Slovenia	A.3.1.1
Variable rate/indexed	Not available	45%	59%	Bank of Slovenia	A.3.1.2
Loans based on foreign currency as % of all mortgage products	Not available	1%	%	Bank of Slovenia	A.3.2
Most prevalent type of foreign currency mortgage used:					A.3.3
Fixed rate for life of loan	Not available		Non-applicable	Bank of Slovenia	A.3.3.1
Variable rate/indexed	Not available	100%	Non-applicable	Bank of Slovenia	A.3.3.2
Most frequent interest rates on fully amortizing:					A.3.4
10 year fixed rate mortgage	2.94%	2.77%	2.8%	Bank of Slovenia	A.3.4.1
most common indexed ARM/10 year term	1.92%	2.02%	2.02%	Bank of Slovenia	A.3.4.2
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	80	80	80	Bank of Slovenia	A.3.8.1
Typical LTV at origination	60	60	60	Bank of Slovenia	A.3.8.2
Mortgage pmt-to-income ratio					A.3.10
Maximum pmt-to-income ratio (Individual income)	33.5%	33.5%	33.5%	Bank of Slovenia	A.3.10.2
Typical pmt-to-income ratio (HH income)	40%	35%	30%	Bank of Slovenia	A.3.10.3

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	Yes	Research	A.4.1
Which institutions define underwriting rules?					A.4.2
Central Bank/Ministry of Finance	Yes	Yes	Yes	Bank of Slovenia	A.4.2.1

A.5 Credit Risk Assessment

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
Do credit bureaus exist?	Yes	Yes	Yes	SISBON	A.5.2
Are there legal/regulatory constraints to gaining access to credit information?	Yes	Yes	Yes	Central Credit Register act	A.5.2.1
Is mortgage default insurance available?	Yes	Yes	Yes	SKB Banka	A.5.3

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)	primary	primary	primary	Hypostat	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	Non-applicable	Non-applicable	Hypostat	B.1.4
Other	Secondary	secondary	secondary	OECD	B.1.5
Who are the investors in RMBS?			not applicable	Hypostat 2016	B.3
What is the proportion of RMBS in the overall private securities market?	0%	0%	0%	Hypostat	B.4

C. Housing Microfinance

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
Types of lenders operating in the housing micro-finance (HMF) sector:					C.2
Level of NPLs (>90 days past due) in HMF					C.4

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