Housing Finance Policy

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A. Legal and Regulatory Framework

A.1 Legal and Regulatory Framework
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Basis of the legal system: Civil, Common, Islamic, Other? (Describe)Common lawCommon lawCommon lawA.1.1
Are there specific laws that deal with mortgages? YesYesYesA.1.2
Registration/Transfer of titles:A.1.3
Does the law clearly define different types of property rights?YesYesYesA.1.3.1
Typical number of days needed for the transfer of title424242A.1.3.4
Is there specialized legislation covering:A.1.9
B. Housing Finance Subsidies
B.1 Subsidies to Housing Finance Institutions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Are there subsidized funding sources for mortgage lenders?YesYesYes
HOFINET
B.1.1
Special government lines of credit YesYesYesB.1.1.1
Loss and/or cash flow guarantees for RMBSYesYesYesB.1.1.5
Is the lending side of the housing finance system subsidized?YesYesYesB.1.2
Guarantees for mortgage loansYesYesYesB.1.2.2
B.2 Subsidies to Households
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Are there subsidies to households on housing finance?YesYesYesB.2.1
Interest rate subsidies by special government fundsYesYesYesB.2.1.1
Mortgage interest deductibility from income taxYesYesYesB.2.1.5
Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
C. Taxation
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
What taxes apply to Residential Real Estate?C.1
Tax on property (home-owners) NoNoNoC.1.1
Property transaction taxes (purchase/selling)YesYesYesC.1.2
Tax on mortgage interest pmtsNoNoNoC.1.4
Tax on capital gains on property NoNoNoC.1.5
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Notes: Assumption made that maximum pmt-to-income ratio corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that maximum pmt-to-income ratio corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that maximum pmt-to-income ratio corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that maximum pmt-to-income ratio corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that maximum pmt-to-income ratio corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Assumption made that typical LTV corresponds to requirements set by ECHMB that must be met in order to be eligible for major lenders to sell their mortgages.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Does not include totals from mortgage companies, building societies, credit unions, or insurance companies. This shortcoming has been noted by the IMF and has led to the under-reporting of mortgage loan totals.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Dominica Agricultural Industrial and Development Bank (AID Bank) provides subsidized housing loans that are guaranteed by the government. The bank does not take deposits and is focused on providing loans for productive and social sectors of the economy.
Notes: Government owned and operated AID Bank grants subsidized mortgage loans from government funds. Does not take deposits.
Notes: Government owned and operated AID Bank grants subsidized mortgage loans from government funds. Does not take deposits.
Notes: Government owned and operated AID Bank grants subsidized mortgage loans from government funds. Does not take deposits.
Notes: Government owned and operated AID Bank grants subsidized mortgage loans from government funds. Does not take deposits.
Notes: Government owned and operated AID Bank grants subsidized mortgage loans from government funds. Does not take deposits.
Notes: Government owned and operated AID Bank grants subsidized mortgage loans from government funds. Does not take deposits.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB, while it possesses no legal mandate for underwriting standards, serves as a de facto standard-setter. That is, they have specific underwriting requirements that need to be met in order to be eligible for purchase by the ECHMB.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.
Notes: The ECHMB's mission is to "provide maximum liquidity to the mortgage market" by purchasing and selling mortage loans from primary lenders in order to facilitate the secondary mortgage market. This functions as a cash flow guarantee to primary lenders.