Mortgage Securities in Emerging Markets

Despite its recognized economic and social importance, housing finance often remains underdeveloped in emerging economies. Residential lending remains small, poorly accessible, and depository-based. Lenders remain vulnerable to significant credit,...

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Bibliographic Details
Main Authors:	Chiquier, Loïc, Hassler, Olivier, Lea, Michael
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	ACCOUNTING ACCOUNTING FRAMEWORK ADEQUATE DISCLOSURE ASSET SALE ASSETS BANK LOANS BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKRUPTCY REMOTENESS BONDS BROKERS CAPITAL ADEQUACY CAPITAL BASE CAPITAL MARKET CAPITAL MARKETS CAPITAL RELIEF CASH FLOW CASH FLOWS CENTRAL BANKS COLLATERALIZATION COLLATERALIZED MORTGAGE OBLIGATIONS CONTRACTUAL SAVINGS CORPORATE BONDS CREDIT ENHANCEMENT CREDIT QUALITY CREDIT RISK DEBT DEPOSIT INSURANCE DEPOSITS ECONOMIC STABILITY EMERGING MARKETS EQUITY CAPITAL FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL SYSTEMS FIXED RATE MORTGAGES FORECLOSURE GLOBAL MARKETS GOVERNMENT INTERVENTION HOUSING HOUSING AFFORDABILITY HOUSING CONSTRUCTION HOUSING DEMAND HOUSING FINANCE HOUSING FINANCE SYSTEM HOUSING FINANCE SYSTEMS HOUSING LOANS INSURANCE INSURANCE COMPANIES INSURERS INVESTMENT BANKING LAWS LEGAL PROTECTION LEGAL PROVISIONS LENDING INSTITUTIONS LEVEL PLAYING FIELD LIABILITY LIENS LIQUIDATION LIQUIDITY LONG TERM LIABILITIES MARKET ENTRY MARKET RISKS MBS MORAL HAZARD MORTGAGE MORTGAGE BOND MORTGAGE BONDS MORTGAGE CREDIT MORTGAGE FINANCE MORTGAGE INVESTMENTS MORTGAGE LENDING MORTGAGE LOANS MORTGAGE MARKET MORTGAGE POOL MORTGAGE PRINCIPAL MORTGAGE SECURITIES MORTGAGE-BACKED SECURITIES MORTGAGES OFF BALANCE SHEET OPERATING COSTS PENSION FUNDS PORTFOLIOS PREPAYMENT RISK PRIMARY MORTGAGE MARKETS RATING AGENCIES REGULATORY FRAMEWORK RESIDENTIAL MORTGAGES RISK MANAGEMENT SAVINGS SECONDARY MORTGAGE MARKETS SECURITIZATION SECURITY DESIGN SHORT TERM BORROWING SYSTEMIC RISK TRANSACTION COSTS UNDERWRITING URBANIZATION VARIABLE RATE MORTGAGES ACCOUNTABILITY ADVERSE SELECTION ASSET ALLOCATION AUTONOMY BENEFICIAL INTEREST BID BOND BOND ISSUANCE BORROWING CAPITAL ALLOCATION CASH FLOW RISK COLLATERAL CONSUMER LOANS DEALERS DEPOSITORY DEPOSITORY INSTITUTIONS DISCLOSURE EXPOSURE FINANCIAL MARKET MORTGAGE INSURANCE MORTGAGE MARKETS RISK ISSUERS
Online Access:	http://documents.worldbank.org/curated/en/2004/08/5066104/mortgage-securities-emerging-markets http://hdl.handle.net/10986/14159

Internet

http://documents.worldbank.org/curated/en/2004/08/5066104/mortgage-securities-emerging-markets
http://hdl.handle.net/10986/14159

Mortgage Securities in Emerging Markets

Internet

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