Mortgage Lending in the Palestinian Territories : Fundamentals for Judges and Lawyers

Mortgage Lending in the Palestinian Territories : Fundamentals for Judges and Lawyers

This document describes the training course for lawyers and judges in the Palestinian Territories, which was designed as an introduction to residential mortgage lending, and the use of mortgage collateral. These materials begin with a technical...

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Bibliographic Details
Main Authors:	Palestinian Judicial Training Institute, World Bank, USAID
Format:	Other Financial Sector Study
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCOUNTING ACTIVE MARKET AMORTIZATION AMOUNT OF CREDIT AMOUNT OF LOAN ARREARS AUCTION AVAILABILITY OF BANK CREDIT BALANCE DUE BANK BORROWING BANK CREDITORS BANK DEPOSITS BANK LENDING BANK LOAN BANK LOANS BANKING REGULATION BANKING SYSTEM BANKRUPTCY BENEFICIARY BID BIDS BOND BONDHOLDERS BONDS BORROWER BORROWING COSTS CAPITAL MARKET CAPITAL MARKETS CASH FLOWS CERTIFICATE OF TITLE CERTIFICATES OF DEPOSIT CIVIL CONTRACT CIVIL LAW COLLATERAL COLLATERAL LAWS COLLECTION PROCEDURE COLLECTION PROCEDURES CONSUMER PRICE INDEX CONTRACT ENFORCEMENT CONTRACT RIGHTS CONTRACTUAL SAVINGS COST OF CREDIT CREDIT CARD CREDIT CARD DEBT CREDIT HISTORY CREDIT INCREASES CREDIT INFORMATION CREDIT MARKET CREDIT MARKETS CREDIT RISK CREDIT WORTHINESS CREDITOR CREDITOR CLAIMS CREDITOR RIGHTS CREDITORS CREDITS CURRENCY DATED CHECKS DEBT DEBT CONTRACTS DEBT OBLIGATIONS DEBTOR DEBTORS DEBTS DEED DEEDS DEFAULT COSTS DEFAULT PREMIUM DEFAULT RISK DEFAULTS DEPOSIT DEPOSIT ACCOUNTS DEPOSITORS DEVELOPING COUNTRIES ECONOMIC RISKS EDUCATED CONSUMERS EMERGING MARKETS ENFORCEMENT MECHANISMS ENFORCEMENT OF CONTRACTS ENFORCEMENT PROCEDURE ENFORCEMENT PROCEDURES ENFORCEMENT PROCESS EQUITY CONTRIBUTION EQUITY INVESTMENT EXPENDITURES EXTENSION OF CREDIT FAIR VALUE FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL RISKS FINANCIAL STATEMENTS FINANCIAL SYSTEM FIXED INTEREST FIXED INTEREST RATES FLOATING INTEREST RATE FLOATING RATE FLOATING RATES FORECLOSURE FORECLOSURE OF MORTGAGES FORECLOSURE PROCEDURES FRAUD HOLDING HOUSING FINANCE IMMOVABLE PROPERTY INFLATION INFORMATION SYSTEMS INSTALLMENT INSTALLMENTS INSURANCE INSURANCE COMPANIES INTEREST PAYMENT INTEREST PAYMENTS INTEREST RATE ADJUSTMENTS INTEREST RATE CHANGES INTEREST RATE RISK INTEREST RATE SPREAD INTEREST RATE SPREADS INTERNATIONAL STANDARDS JUDGMENT CREDITOR JUDGMENT CREDITORS JUDICIAL ENFORCEMENT JUDICIAL REFORMS LAND REGISTER LAND TITLES LEASE PAYMENTS LEGAL MORTGAGE LEGAL MORTGAGES LEGAL PROTECTION LEGAL PROTECTIONS LEGAL RIGHTS LENDERS LEVY LIABILITY LIEN LIENS LIQUIDATION LIQUIDITY LIQUIDITY RISK LOAN AGREEMENT LOAN AMOUNT LOAN APPLICATION LOAN CONTRACTS LOAN DEFAULTS LOAN MARKETS LOAN MATURITIES LOAN OFFICERS LOAN PORTFOLIO LOAN PROCESSING LOAN PRODUCTS LOAN SERVICING LOAN SIZE LOAN TERM LOAN TERMS MARKET CONDITIONS MARKET INDEX MARKET INTEREST RATES MARKET RISK MARKET SHARE MATURITY MATURITY DATE MONETARY AUTHORITY MONETARY FUND MORTGAGE MORTGAGE DEED MORTGAGE INTEREST MORTGAGE INTEREST RATES MORTGAGE LENDING MORTGAGE LOAN MORTGAGE LOANS MORTGAGE MARKETS MORTGAGE SECURITIES MORTGAGE SECURITY MORTGAGES MOVABLE ASSETS NATURAL DISASTER NON-PERFORMING LOAN NOTARIES NOTARY NOTICE OF DEFAULT OPPORTUNITY COST OUTSTANDING CREDIT OUTSTANDING LOANS OVERHEAD COSTS PAYMENT OF DEBTS PAYMENT OF INTEREST PENSION PENSION FUNDS PERSONAL PROPERTY POLITICAL RISKS PORTFOLIO OF MORTGAGE PORTFOLIO RISK POSSESSORY PLEDGE PREPAYMENT PREPAYMENT RISKS PRINCIPAL PAYMENTS PROBABILITY OF DEFAULT PROPERTY RIGHTS RATES OF INTEREST REAL INTEREST REAL INTEREST RATES REAL PROPERTY REGISTRATION FEES REGISTRATION SYSTEM REGISTRY OFFICES REPAYMENT RESERVES RESIDENTIAL MORTGAGE RISK PREMIUMS RULE OF LAW SALE OF COLLATERAL SAVINGS ACCOUNTS SAVINGS DEPOSITS SECURITIES SECURITY DEVICE SECURITY INTEREST SEIZURE SHORT TERM INTEREST RATES STABLE INTEREST RATES TAX TERM DEPOSITS TOTAL DEBT TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY TREASURY SECURITIES UNPAID PRINCIPAL BALANCE UNSECURED CLAIMS UNSECURED CREDITOR UNSECURED CREDITORS UNSECURED DEBTS VALUATION VARIABLE RATE
Online Access:	http://documents.worldbank.org/curated/en/2012/01/16408818/west-bank-gaza-mortgage-lending-palestinian-territories-fundamentals-judges-lawyers http://hdl.handle.net/10986/12875

Description
Summary:	This document describes the training course for lawyers and judges in the Palestinian Territories, which was designed as an introduction to residential mortgage lending, and the use of mortgage collateral. These materials begin with a technical description of mortgage lending and mortgage collateral, the purposes and content of mortgage law, and the general conditions for development and expansion of residential mortgage lending activity. This is followed by a discussion of mortgage lending from the perspective of the financial institutions that originate most loans, including the process of making the loan and the economics of mortgage lending. The sections on economics of mortgage lending include the costs to the creditor, the risks faced by residential mortgage creditors, how creditors determine interest rates and other loan terms, and the effect of loan terms on the ability of citizens to borrow. The discussion of the economics of mortgage lending also focuses on recent research showing how laws affecting creditors' rights and court enforcement of creditors' rights may affect the amount and terms of mortgage lending in a country. The document includes a review and discussion of the current mortgage law in the West Bank and Gaza, focusing on formal requirements for creation of the mortgage and the procedures for enforcing mortgage liens against real property. A glossary of terms common to mortgage lending is included at the end of these materials for convenience.