Housing Finance : World Bank Group Support for Housing Finance
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 polic...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/05/26378454/world-bank-group-support-housing-finance-ieg-learning-product http://hdl.handle.net/10986/24359 |
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okr-10986-24359 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
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 |
| spellingShingle |
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 Independent Evaluation Group Housing Finance : World Bank Group Support for Housing Finance |
| description |
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. |
| format |
Report |
| author |
Independent Evaluation Group |
| author_facet |
Independent Evaluation Group |
| author_sort |
Independent Evaluation Group |
| title |
Housing Finance : World Bank Group Support for Housing Finance |
| title_short |
Housing Finance : World Bank Group Support for Housing Finance |
| title_full |
Housing Finance : World Bank Group Support for Housing Finance |
| title_fullStr |
Housing Finance : World Bank Group Support for Housing Finance |
| title_full_unstemmed |
Housing Finance : World Bank Group Support for Housing Finance |
| title_sort |
housing finance : world bank group support for housing finance |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/05/26378454/world-bank-group-support-housing-finance-ieg-learning-product http://hdl.handle.net/10986/24359 |
| _version_ |
1764456739009200128 |
| spelling |
okr-10986-243592021-05-25T10:54:37Z Housing Finance : World Bank Group Support for Housing Finance Independent Evaluation Group 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 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. 2016-05-26T21:25:29Z 2016-05-26T21:25:29Z 2016-04-20 Report http://documents.worldbank.org/curated/en/2016/05/26378454/world-bank-group-support-housing-finance-ieg-learning-product http://hdl.handle.net/10986/24359 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper |