The Housing Finance System

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    A. Primary Housing Finance Market

    A.1 Industry Structure and Performance
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    Types of originating lenders/market share:A.1.2
    Other depository institutions (savings and loans/mutual savings and credit institutions)  50.6% of total
    International Development Bank
    		A.1.2.2
    Non-depository financial institutions specialized in housing finance  26.91% of total
    International Development Bank
    		A.1.2.3
    Others (e.g. insurance co, pension funds, labor tax funds)  22.49% of total
    International Development Bank
    		A.1.2.5
    Are there (quasi) public mortgage lenders:YesYesYes
     
    		A.1.4
    Level of Non-Performing Mortgage Loans (90 days or more past due):A.1.6
    as a % of outstanding loan amount3.9%  
    IMF
    		A.1.6.2
    Average 1997-2007 A.1.7
    A.2 Size of Mortgage Finance Sector
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    Total amount of home mortgage loans outstanding at the end of year in millions of USD:1,635.91 USD (millions)1,627.48 USD (millions)1,578.77 USD (millions)
    CNBS
    		A.2.1
    Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)8.67%8.8%8.95%
    CNBS
    		A.2.1.1
    Total amount of home mortgages made in calendar year in millions of USD 120.09 USD (millions)142.91 USD (millions)A.2.3
    and as % of GDP (current)  .66%.82%
    Banco Hondureño para la Producción y la Vivienda
    		A.2.3.1
    and as % of all credits originated in calender year 53.36%57.37%A.2.3.2
    A.3 Housing Finance Products
    VariableEnd of 2013End of 2012End of 2011SourcesVar 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  80
    Housing Finance in Emerging Markets
    		A.3.8.1
    Mortgage pmt-to-income ratio A.3.10
    Maximum pmt-to-income ratio (HH income)33%  
    Global Housing Indicators
    		A.3.10.1
    A.4 Lending and Servicing Process
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    Which institutions define underwriting rules? A.4.2
    Secondary market facilityYesYesYes
    Banhprovi
    		A.4.2.2
    A.5 Credit Risk Assessment
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    Is mortgage default insurance available?Yes  
    Global Housing Indicators
    		A.5.3
    B. Funding Sources for Mortgages and the Secondary Mortgage Market
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    What are the main funding sources for mortgages?B.1
    Retail funding (deposits/other)Primary  
    CNBS
    		B.1.1
    Other Secondary  
    CNBS
    		B.1.5
    C. Housing Microfinance
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    Are non-collateralized housing micro-finance loans offered? Yes  
    Global Housing Indicators
    		C.1
    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: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Substandard units calculated as any dwellings without direct access to water through public or private services. That is, they rely on wells, rivers, and streams to collect water for their homes.
    Notes: 12,503.8 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 168mm in 2 public pension funds INJUPEMP and IMPREMA
    Notes: 18,393.4 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 23,068.4 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 25,075.1 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 26,913.9 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 30,073.0 million lempiras with an exchange rate 1 USD equal to 19.05 Lempiras
    Notes: 32,488.3 million lempiras with an exchange rate 1 USD equal to 19.96 Lempiras
    Notes: 33,683.5 million lempiras with an exchange rate 1 USD equal to 20.59 Lempiras
    Notes: 5,112.5 million lempiras with an exchange rate of 1 USD equal to 15.92 Lempiras
    Notes: 5,779.9 million lempiras with an exchange rate 1 USD equal to 16.92 Lempiras
    Notes: 6,738.7 million lempiras with an exchange rate 1 USD equal to 17.75 Lempiras
    Notes: 8,033.6 million lempiras with an exchange rate 1 USD equal to 18.63 Lempiras
    Notes: 9,448.5 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: BANHPROVI
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: FONAPROVI was established in 1997
    Notes: FONAPROVI, RAP, are the second-tier institutions that lend mortgage funds at below-market rates.
    Notes: Government agencies, especially the Honduran Bank of Production and Housing
    Notes: Government agencies, especially the Honduran Bank of Production and Housing
    Notes: Government agencies, especially the Honduran Bank of Production and Housing
    Notes: http://books.google.com/books?id=1Z4GkOALh6YC&pg=PA15&lpg=PA15&dq=honduras+mortgage+LTV&source=bl&ots=BupOg9nXEn&sig=ZqMNMkqICwKbqrCMrZTOKu3sn-U&hl=en&sa=X&ei=XCM6VMKsKtXIsASg7YDIDA&ved=0CD4Q6AEwBQ#v=onepage&q=honduras%20mortgage%20LTV&f=false
    Notes: https://www.imf.org/external/pubs/ft/scr/2016/cr16363.pdf
    Notes: https://www.imf.org/external/pubs/ft/scr/2016/cr16363.pdf
    Notes: Number of commercial banks / number of total institutions, based on a list of institutions given by BANHPROVI
    Notes: Number of non-depository institutions / total number of institutions, based on a list given by banhprovi
    Notes: Number of other depository institutions / number of total institutions, based on a list given by BANHPROVI
    Notes: Number of other institutions / number of total institutions, based on a list given by BANHPROVI
    Notes: RAP and FUNDEVI provides subsidies to households.
    Notes: RAP was created in the context of FOSOVI in 1991
    Notes: RAP was created in the context of FOSOVI in 1991
    Notes: The Foundation for Development of Urban and Rural Social Housing (FUNDEVI), was born from the merger of two major programs: The Minimum Rural Housing Program (PVMR) and the Integral Program for Improving Urban Housing (PRIMHUR) in 2000.
    Notes: The Foundation for Development of Urban and Rural Social Housing (FUNDEVI), was born from the merger of two major programs: The Minimum Rural Housing Program (PVMR) and the Integral Program for Improving Urban Housing (PRIMHUR) in 2000.
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: There were two second–tier institutions that lend mortgage funds at below–market rates, FONAPROVI (Fondo Nacional ara la Producción y la Vivienda) and RAP (Regimen de Aportaciones Privados). Their lending rate to banks were ~15%. A third institution that makes smaller loans in combination with a subsidy is FUNDEVI (Fundación para el Deasarrollo de la Vivienda Urbana y Rural). Its lending rate was 21%.
    Notes: Total mortgage porfolio was 747mm USD, 378mm USD were in commercial banks and S&Ls
    Notes: total mortgage portfolio is 747 mm USD, 168mm were in 2 public pension funds, PRIMHUR and PVMR held 27mm and 6mm