Housing Finance : World Bank Group Support for Housing Finance

• 查看报告

作者：

Independent Evaluation Group

来源地址：

http://hdl.handle.net/10986/24359

关键词：

BORROWER;  MORTGAGE FINANCING;  DEPOSITS;  FINANCING;  MORTGAGE DEBT;  INTEREST;  INSTITUTIONAL INVESTORS;  LOAN UNDERWRITING;  CREDIT SCORING;  SUBSIDIZATION;  CAPACITY BUILDING;  LOAN;  LOAN AMOUNT;  BORROWERS;  INFORMATION SYSTEMS;  MFIS;  FUNDING SOURCES;  ALTERNATIVE SOURCES OF FUNDING;  CREDIT CRITERIA;  HOUSING LOANS;  BACKED SECURITY;  LIEN;  TECHNICAL ASSISTANCE;  HOUSING FINANCE;  FINANCIAL INSTITUTION;  MARKET DEVELOPMENT;  COMMERCIAL BANK;  LOAN PRODUCTS;  ACCESS TO DEBT FINANCE;  BANK LENDERS;  DEBT OUTSTANDING;  FINANCIAL INSTITUTIONS;  PAYMENT;  EQUITY PARTICIPATION;  CAPITAL MARKET;  DEBT;  LAND OWNERSHIP;  LOAN SIZES;  TERM CREDIT;  LONG-TERM FUNDING;  BANKS;  BOND MARKETS;  AFFORDABILITY;  CAPITAL;  MORTGAGE INTEREST;  GOVERNMENT INTERVENTIONS;  MORTGAGE MARKETS;  LACK OF ACCESS;  ACCESS TO FINANCE;  BANK;  CREDIT PRODUCT;  ACCESSIBILITY;  FINANCIAL SECURITY;  CREDIT INFORMATION;  DEBT FINANCE;  LAND REGISTRATION;  LOAN PORTFOLIO;  INSTITUTIONAL CAPACITY;  DEVELOPMENT COMPANIES;  FINANCE COMPANY;  EQUITY INVESTMENT;  URBAN DEVELOPMENT;  NEW MARKETS;  AFFORDABLE HOUSING;  SECURITIES;  RURAL BRANCHES;  CREDIT RISK;  PROFITABILITY;  MICROFINANCE;  ECONOMIC DEVELOPMENT;  BANK LOAN;  LOAN OFFICERS;  REGISTRATION SYSTEM;  FINANCIAL INTERMEDIARIES;  COMMERCIAL BANKS;  HOUSEHOLDS;  MORTGAGE LOANS;  LOAN SIZE;  FINANCIAL CAPACITY;  DEVELOPMENT FINANCE;  HOMEOWNERS;  MORTGAGE PRODUCTS;  FEES;  FISCAL DISCIPLINE;  HOME IMPROVEMENT;  DOWN MARKET;  CUSTOMER SERVICES;  RESIDENTIAL MORTGAGE;  FINANCIAL SECTOR DEVELOPMENT;  DEVELOPMENT BANK;  BACKED SECURITIES;  INCOME GROUPS;  TRANSACTIONS COST;  LAND ADMINISTRATION;  MFI;  ADVISORY SERVICES;  DEPOSIT;  CAPITAL MARKETS;  LOAN TERM;  PRIVATE SECTOR LENDERS;  LAND ISSUES;  PEOPLE;  TAX EXEMPTION;  AFFORDABLE HOUSING FINANCE;  PUBLIC-PRIVATE PARTNERSHIPS;  GUARANTEES;  PRIVATIZATION;  FINANCIAL DISTRESS;  FINANCE COMPANIES;  INTEREST RATE;  PROPERTY RIGHTS;  BANKING SYSTEM;  INCOME GROUP;  MORTGAGE;  WELFARE;  MORTGAGE LENDING;  SUBSIDY;  ASSET MANAGEMENT;  INTERNATIONAL BANK;  PENETRATION RATES;  BUSINESS SUCCESS;  CREDITOR;  LENDER;  SAVINGS INSTITUTIONS;  MICROFINANCE INSTITUTIONS;  BANK LENDING;  INTERNATIONAL FINANCE;  MORTGAGE LOAN;  MORTGAGES;  SAVINGS;  PUBLIC-PRIVATE PARTNERSHIP;  START-UP;  LOAN FUNDS;  ADVANCED ECONOMIES;  ACCESS TO FINANCING;  UNION;  INTEREST RATES;  HOMEOWNERSHIP;  LENDERS;  LOANS;  DEVELOPMENT FINANCE COMPANY;  FINANCIAL SYSTEM;  REAL ESTATE;  FINANCE;  FOREIGN CURRENCY;  MORTGAGE LENDER;  GOVERNMENT SECURITIES;  HOME IMPROVEMENT LOANS;  CREDIT LINE;  SMALL LOANS;  DOWN PAYMENT;  INCOME CATEGORY;  EQUITY;  LOAN REPAYMENT;  SECONDARY MORTGAGE MARKETS;  HOUSING LOAN;  CREDIT;  EQUITY INVESTMENTS;  BOND MARKET;  TAX SUBSIDIES;  REPAYMENT;  MORTGAGE LENDERS;  PROPERTY;  PROPERTIES;  MORTGAGE INSURANCE;  BALANCE SHEET;  TRANSACTION COSTS;  CREDIT RATING;  GUARANTEE SCHEMES;  HUMAN RIGHTS;  CORPORATE DEBT;  BANK LOANS;  SECURITY;  FINANCIAL MARKET;  INVESTMENT;  SECONDARY MORTGAGE MARKET;  CREDIT INFORMATION SYSTEMS;  LOAN PORTFOLIOS;  COLLATERAL;  MICRO-FINANCE;  FINANCIAL MARKETS;  REVENUE;  LEGAL REQUIREMENTS;  BORROWING;  INVESTMENTS;  PROVISION OF ACCESS;  RISK MANAGEMENT;  INTEREST RATE RISK;  HOME IMPROVEMENT LOAN;  FAMILIES;  OUTREACH;  MORTGAGE RATES;  INFORMATION INFRASTRUCTURE;  MORTGAGE MARKET;  CREDIT INSTITUTIONS;  GUARANTEE;  SMALL BUSINESSES;  Report;  Rapport;  Informe; 

年份：

2016

出版地：

Washington,USA

语种：

English

摘要：

Access to adequate housing is critically important to the health and wellbeing of the world's population. Yet, despite the fact that this statement is part of the United Nations Universal Declaration of Human Rights and has been on the global policy agenda for many years, hundreds of millions of people continue to live in inadequate conditions with little or no access to decent housing. The demand for housing solutions will increase as urbanization and population growth persists. The United Nations Human Settlements Program (UN-Habitat) has estimated that the number of people living in slums around the world will rise to 900 million by 2020 if nothing is done. Asia and Africa will face special challenges, because urbanization in those regions is proceeding rapidly. Housing is frequently unaffordable to all but the top earners. A recent report estimates a housing affordability gap affecting 330 million households, with 200 million households in the developing world living in slums (McKinsey Global Institute 2014). Research has shown that more and better housing increases the welfare of occupants. Homeownership may increase stability and civic engagement, and provide financial security in old age. Improvements in housing also have important benefits to the economy. Housing construction and home improvement generate demand for professional, skilled, semi-skilled, and unskilled labor; and allow many micro and small businesses to flourish. The housing market is an important component of national economies and housing booms and busts can have significant effects on the macro economy and financial sector. The core purpose of this learning product is to generate knowledge and provide lessons learned from World Bank Group support to housing finance. Lessons were derived primarily from evaluated interventions in the form of World Bank loans or International Finance Corporation (IFC) investments and advisory services. World Bank technical assistance and knowledge products and interventions on housing finance matters were considered when provided in the context of lending operations. One limitation faced in preparation of this learning product was the lack of coverage of stand-alone World Bank advisory services.