Housing Finance Markets in Transition Economies-trends And by Oecd Nuclear Energy Agency

By Oecd Nuclear Energy Agency

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75 (LVL) Max. 5% c Poland Hungary Czech Rep. Slovak Rep. Latvia Kazakhstan Denmark Germany Greece France Ireland Luxembourg Austria Portugal Spain Sweden Finland Bond Yield 10y govt. 0% n/a, 3-10 y 3-10 y 5-7 y 5-11 y 3-10 y n/a, n/a, Â LTV Limit of Cover Assets 60% a 60% (av. 40-42%) 70% b 70% a 60 / 75% b a n/a, 40 / 60 / 70 / 80 (91)% 60% a 75% b 60 / 80 / 100% a b 60 / 75% b 60% a 60% a 80% b 70 / 80% b 60 / 75 / 85% b 60% a a (Source) OECD Market Survey on Housing Finance 2004, European Mortgage Federation “Mortgage Banks and the Mortgage Bond in Europe, 4th edition” a % of the mortgage lending value b % of the market value c Interest rate is decided twice a year (floating).

Latvia Kazakhstan Denmark Germany Greece France Ireland Luxembourg Austria Portugal Spain Sweden Finland Bond Yield 10y govt. 0% n/a, 3-10 y 3-10 y 5-7 y 5-11 y 3-10 y n/a, n/a, Â LTV Limit of Cover Assets 60% a 60% (av. 40-42%) 70% b 70% a 60 / 75% b a n/a, 40 / 60 / 70 / 80 (91)% 60% a 75% b 60 / 80 / 100% a b 60 / 75% b 60% a 60% a 80% b 70 / 80% b 60 / 75 / 85% b 60% a a (Source) OECD Market Survey on Housing Finance 2004, European Mortgage Federation “Mortgage Banks and the Mortgage Bond in Europe, 4th edition” a % of the mortgage lending value b % of the market value c Interest rate is decided twice a year (floating).

These Acts have fulfilled the criteria of the European minimum standards for mortgage bonds, particularly Article 22 (4) of the UCITS directive. Therefore, the countries have a similar legal framework for mortgage lending and covered bonds. e. they have no specialised mortgage banks) and 2) there are legal provisions of mortgage-backed securities (MBS) in addition to mortgage covered bonds in Poland. In Kazakhstan, the legal infrastructure on housing and mortgage finance has been developed since 1991.

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