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Macro-economic Data [all]     [none]
A. Demography and Macroeconomy  
A.1 Population  
  A.1.1 Total population  
  A.1.2 Total number of households  
  A.1.3 Average household size  
  A.1.4 Urban population (% of total)  
  A.1.5 Urban population growth (annual %)  
A.2 Economy  
  A.2.1 GDP, current prices (U.S. dollars)  
  A.2.2 GDP based on PPP valuation of country GDP (Current international dollar)  
  A.2.3 GDP per capita, current prices (U.S. dollars)  
  A.2.4 GDP based on PPP per capita GDP (Current international dollar)  
  A.2.5 GDP, constant prices (Percent change)  
  A.2.6 Inflation, end of period consumer prices (Percent change)  
  A.2.7 GDP, deflator (Index)  
  A.2.8 Consumer price index  
  A.2.9 GINI Index  
  A.2.10 Median national annual household income  
  A.2.11 Median urban annual household income  
  A.2.12 Urban minimum wages per month in USD  
A.2.13 Growth in urban household income (%/year)  
  A.2.13.1 Nominal  
  A.2.13.2 Real  
A.2.14 Employment (% of total laborforce)  
  A.2.14.1 Self-employed  
  A.2.14.2 Informally employed  
  A.2.14.3 Unemployed  
A.2.15 Interest Rates:  
  A.2.15.1 Central bank lending/discount rate  
  A.2.15.2 Yield on 3 months treasury bills  
  A.2.15.3 Yield on 10-year Government bond  
  A.2.15.4 Average bank deposit rate  
  A.2.15.5 Lending rate  
B. Housing Market  
B.1 Housing Stock: Production, Transactions  
B.1.1 Number of dwelling units:  
  B.1.1.1 Total  
  B.1.1.2 Total Urban  
  B.1.2 Percentage of vacant units  
B.1.3 Characteristics of housing stock:  
  B.1.3.1 Average dwelling unit size-existing  
  B.1.3.2 % of substandard dwelling units  
B.1.4 Tenure in urban areas (%):  
  B.1.4.1 Owner-occupied units  
  B.1.4.2 % of owner units with a mortgage  
  B.1.4.3 Private rental units  
  B.1.4.4 Public / social rental units  
  B.1.4.5 Other forms of tenure   
  B.1.4.6 % of urban units with state recognized lienable title  
B.1.5 Estimated Number of units completed/year  
  B.1.5.1 Formal sector/registered  
  B.1.5.2 Informal sector/non-registered  
  B.1.6 Number of recorded urban housing transactions/year  
  B.1.7 How complete is this measure for formal sector transactions?  
B.2 Housing Prices and Cost for Urban Areas or Capital City  
B.2.1 Median urban house price in USD:  
  B.2.1.1 New housing  
  B.2.1.2 Existing housing  
B.2.2 Median house price to median annual HH income:  
  B.2.2.1 Urban  
  B.2.2.2 Capital city  
B.2.3 Annual average % change in median house prices:  
  B.2.3.1 Yearly Rate  
  B.2.3.2 1997-2007 average rate  
B.2.4 M2 construction cost for median quality house  
  B.2.4.1 National  
  B.2.4.2 Urban  
  B.2.4.3 Capital city  

The Housing Finance System     [all]     [none]
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  

Housing Finance Policy     [all]     [none]
A. Legal and Regulatory Framework  
A.1 Legal and Regulatory Framework  
  A.1.1 Basis of the legal system: Civil, Common, Islamic, Other? (Describe)  
  A.1.2 Are there specific laws that deal with mortgages?   
A.1.3 Registration/Transfer of titles:  
  A.1.3.1 Does the law clearly define different types of property rights?  
  A.1.3.2  Are property rights easily transferable?  
  A.1.3.3 Identify barriers to the registration/ transfer of property title.  
  A.1.3.4 Typical number of days needed for the transfer of title  
  A.1.4 Can liens be effectively enforced?  
  A.1.4.1 Number of months until lender acquires the property in case of foreclosure on a single-family residential property?  
  A.1.4.2 Cost of foreclosure process as a percentage of the value of a typical loan?   
  A.1.4.3 Main causes of inefficiencies (legal, judiciary, administrative, cultural, etc.)  
  A.1.5 Are there legal constraints on the types of mortgage products that are permitted?  
  A.1.6 Are there legal constraints on mortgage features?  
  A.1.6.1 Interest rate caps  
  A.1.6.2 Loan-to-Value cap  
  A.1.6.3 Payment-to-Income maximum  
  A.1.6.4 Other  
  A.1.7 Are there consumer rights for mortgage lending?   
  A.1.8 Are there disclosure requirements for mortgage lending?  
A.1.9 Is there specialized legislation covering:  
  A.1.9.1 Issuance of covered mortgage bonds  
  A.1.9.2 Issuance of RMBS  
B. Housing Finance Subsidies  
B.1 Subsidies to Housing Finance Institutions  
  B.1.1 Are there subsidized funding sources for mortgage lenders?  
  B.1.1.1 Special government lines of credit   
  B.1.1.2 Government supported liquidity facility  
  B.1.1.3 Labor or other tax funds for mortgage lending  
  B.1.1.4 Tax breaks on mortgage bonds or RMBS  
  B.1.1.5 Loss and/or cash flow guarantees for RMBS  
  B.1.1.6 Other  
  B.1.2 Is the lending side of the housing finance system subsidized?  
  B.1.2.1 Shared credit risk through public/private mortgage insurance   
  B.1.2.2 Guarantees for mortgage loans  
  B.1.2.3 Other  
B.2 Subsidies to Households  
  B.2.1 Are there subsidies to households on housing finance?  
  B.2.1.1 Interest rate subsidies by special government funds  
  B.2.1.2 Buy-down of monthly/interest payments  
  B.2.1.3 Down-payment subsidies   
  B.2.1.4 Subsidies to savings for mortgage loans  
  B.2.1.5 Mortgage interest deductibility from income tax  
  B.2.1.6 Other  
B.2.2 Reach of subsidies in 2.1.1 to 2.1.4 ?  
  B.2.2.1 What is the highest income decile targeted?  
  B.2.2.2 What is the lowest income decile targeted?   
  B.2.2.3 What proportion of loans is affected by the subsidies in 2.1.1 to 2.1.4?  
  B.2.3 What proportion of loans on main residences is affected by the mortgage interest deductability in 2.1.5?  
C. Taxation  
C.1 What taxes apply to Residential Real Estate?  
  C.1.1 Tax on property (home-owners)   
  C.1.2 Property transaction taxes (purchase/selling)  
  C.1.3 Mortgage transaction taxes  
  C.1.4 Tax on mortgage interest pmts  
  C.1.5 Tax on capital gains on property   
  C.1.6 Other  
  C.2 Are there tax benefits on rental properties?  
  C.2.1 Describe tax benefits (if any) from C.1.2  

General Assessment     [all]     [none]
  1 Main constraints in the development of the housing finance sector   
  2 New developments that will have a major impact on the sector