A. Primary Housing Finance Market |
A.1 Industry Structure and Performance |
A.1.1 Number of firms originating and funding mortgage loans |
A.1.2 Types of originating lenders/market share: |
A.1.2.1 Universal/ commercial banks |
A.1.2.2 Other depository institutions (savings and loans/mutual savings and credit institutions) |
A.1.2.3 Non-depository financial institutions specialized in housing finance |
A.1.2.4 General non-depository financial institutions |
A.1.2.5 Others (e.g. insurance co, pension funds, labor tax funds) |
A.1.3 Identify the 3 largest loan originating lenders |
A.1.4 Are there (quasi) public mortgage lenders: |
A.1.4.1 Universal/ commercial banks |
A.1.4.2 Other depository institutions (savings and loans/mutual savings and credit institutions) |
A.1.4.3 Non-depository financial institutions specialized in housing finance |
A.1.4.4 General non-depository financial institutions |
A.1.4.5 Others (e.g. insurance co, pension funds, labor tax funds) |
A.1.5 Typical lending spreads for mortgages |
A.1.6 Level of Non-Performing Mortgage Loans (90 days or more past due): |
A.1.6.1 as a % of # of loans |
A.1.6.2 as a % of outstanding loan amount |
A.1.7 Average 1997-2007 |
A.1.7.1 as a % of # of loans |
A.1.7.2 as a % of outstanding loan amount |
A.1.8 Lowest decile of the income distribution served by the dominant mortgage lenders |
A.2 Size of Mortgage Finance Sector |
A.2.1 Total amount of home mortgage loans outstanding at the end of year in millions of USD: |
A.2.1.1 Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) |
A.2.1.2 and as % of all credits outstanding |
A.2.2 Total # of home mortgage loans outstanding at the end of year |
A.2.3 Total amount of home mortgages made in calendar year in millions of USD |
A.2.3.1 and as % of GDP (current) |
A.2.3.2 and as % of all credits originated in calender year |
A.2.4 Total # of home mortgage originations made in calendar year |
A.2.5 What % of total new mortgages is refinance? |
A.3 Housing Finance Products |
A.3.1 Mortgage products as % of all mortgages (approx.) in local currency: |
A.3.1.1 Fixed rate for life of loan |
A.3.1.2 Variable rate/indexed |
A.3.1.3 Variable rate/discretionary |
A.3.1.4 Other fully amortizing loans (e.g. Rollover) |
A.3.1.5 Non-fully amoritizing loans (e.g. Price level adjusted/Interest only) |
A.3.2 Loans based on foreign currency as % of all mortgage products |
A.3.3 Most prevalent type of foreign currency mortgage used: |
A.3.3.1 Fixed rate for life of loan |
A.3.3.2 Variable rate/indexed |
A.3.3.3 Variable rate/discretionary |
A.3.3.4 Other (describe in the Notes section) |
A.3.4 Most frequent interest rates on fully amortizing: |
A.3.4.1 10 year fixed rate mortgage |
A.3.4.2 most common indexed ARM/10 year term |
A.3.4.3 discretionary ARM/10 year term |
A.3.4.4 5 year roll-over/10 year term |
A.3.4.5 foreign currency based 10 year FRM |
A.3.5 Most frequent rate on interest only 10 yr FRM |
A.3.6 Typical lender fees associated with mortgage origination: |
A.3.6.1 Fixed in amount |
A.3.6.2 as % of loan amount |
A.3.7 Typical third party fees associated with mortgage origination: |
A.3.7.1 Appraisal fees |
A.3.7.2 Title related fees |
A.3.7.3 Legal fees |
A.3.7.4 Search fees |
A.3.8 Loan-to-Value (LTV) on first mortgage: |
A.3.8.1 Maximum LTV |
A.3.8.2 Typical LTV at origination |
A.3.9 Maximum term over which pmt is calculated? |
A.3.10 Mortgage pmt-to-income ratio |
A.3.10.1 Maximum pmt-to-income ratio (HH income) |
A.3.10.2 Maximum pmt-to-income ratio (Individual income) |
A.3.10.3 Typical pmt-to-income ratio (HH income) |
A.3.10.4 Typical pmt-to-income ratio (Individual income) |
A.4 Lending and Servicing Process |
A.4.1 Does the mortgage industry use standard principles/guidelines for underwriting? |
A.4.2 Which institutions define underwriting rules? |
A.4.2.1 Central Bank/Ministry of Finance |
A.4.2.2 Secondary market facility |
A.4.2.3 Major Lender |
A.4.2.4 Other |
A.4.3 Are loan originations conducted by others than employees of lenders? |
A.4.3.1 % of Originations done by brokers |
A.4.3.2 % of Originations done on the internet |
A.4.3.3 Others (Specify in Notes) |
A.4.4 % of appraisals done by employees of lenders |
A.4.5 Do third party servicing institutions exist? |
A.4.6 % of loans serviced by originators/lenders |
A.5 Credit Risk Assessment |
A.5.2 Do credit bureaus exist? |
A.5.2.1 Are there legal/regulatory constraints to gaining access to credit information? |
A.5.1 What percentage of mortgage originations use credit scoring? |
A.5.3 Is mortgage default insurance available? |
A.5.3.1 When did it begin operating? |
A.5.3.2 What is the typical MI product? |
A.5.3.3 Number of private mortgage insurers |
A.5.4 Are credit guarantee systems used? |
A.5.5 Is there public sponsored MI / guarantee? |
A.5.6 What % of the market does public MI / guarantee serve? |
A.5.7 What share of total annual mortgage production is insured/guaranteed? |
B. Funding Sources for Mortgages and the Secondary Mortgage Market |
B.1 What are the main funding sources for mortgages? |
B.1.1 Retail funding (deposits/other) |
B.1.2 Wholesale funding: loans from other banks or corporations |
B.1.3 Funding through mortgage bonds |
B.1.4 Funding through securitization of mortgages |
B.1.5 Other |
B.2 What % of Residential Mortgage Backed Securities is issued by centralized conduit or liquidity facility? |
B.3 Who are the investors in RMBS? |
B.4 What is the proportion of RMBS in the overall private securities market? |
C. Housing Microfinance |
C.1 Are non-collateralized housing micro-finance loans offered? |
C.2 Types of lenders operating in the housing micro-finance (HMF) sector: |
C.2.1 Commercial banks |
C.2.2 Specialized non-depository MFIs |
C.2.3 NGOs |
C.2.4 Others |
C.2.5 None |
C.3 Typical lending spreads in HMF |
C.4 Level of NPLs (>90 days past due) in HMF |
C.4.1 as a % of loans |
C.4.2 as a % of outstanding loan amount |
C.5 Are non-collateralized but secured housing finance products offered (e.g. secured by pension or insurance savings) |
C.6 Lowest income decile served with all non-collateralized housing lending products |