Sunday, September 20, 2009
Possible Objectives for Mortgage Insurance in Emerging Economies
Increase access to housing finance
- Reduce down payment required
- Reach out the underserved borrower
Encourage lenders to lend
Increase level of home ownership
Standardize legal and lending practices
Deepen financial system – different types of lenders; broader access to
capital market
Impacts growth in : job creation; building materials; taxes;
personal wealth; financial & professional services
Develop new and resale housing markets
- Reduce down payment required
- Reach out the underserved borrower
Encourage lenders to lend
Increase level of home ownership
Standardize legal and lending practices
Deepen financial system – different types of lenders; broader access to
capital market
Impacts growth in : job creation; building materials; taxes;
personal wealth; financial & professional services
Develop new and resale housing markets
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