A. Primary Housing Finance Market
A.1 Industry Structure and Performance
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Number of firms originating and funding mortgage loans | 10 | CAHF 2015 | A.1.1 | ||
| Types of originating lenders/market share: | A.1.2 | ||||
| Universal/ commercial banks | 72% of total | 72% of total | 72% of total | Bank of Botswana | A.1.2.1 |
| Other depository institutions (savings and loans/mutual savings and credit institutions) | 28% of total | 28% of total | 28% of total | Bank of Botswana | A.1.2.2 |
| Are there (quasi) public mortgage lenders: | yes | yes | yes | A.1.4 | |
| Level of Non-Performing Mortgage Loans (90 days or more past due): | A.1.6 | ||||
| Average 1997-2007 | A.1.7 | ||||
A.2 Size of Mortgage Finance Sector
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Total amount of home mortgage loans outstanding at the end of year in millions of USD: | 733.76 USD (millions) | 807.87 USD (millions) | 744.54 USD (millions) | Bank of Botswana | A.2.1 |
| Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) | 5.08% | 4.97% | 4.99% | Bank of Botswana, WEO | A.2.1.1 |
| and as % of all credits outstanding | 28.75% | 30.23% | 28.28% | Bank of Botswana | A.2.1.2 |
A.3 Housing Finance Products
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Mortgage products as % of all mortgages (approx.) in local currency: | A.3.1 | ||||
| Most prevalent type of foreign currency mortgage used: | A.3.3 | ||||
| Most frequent interest rates on fully amortizing: | A.3.4 | ||||
| Typical lender fees associated with mortgage origination: | A.3.6 | ||||
| Typical third party fees associated with mortgage origination: | A.3.7 | ||||
| Loan-to-Value (LTV) on first mortgage: | A.3.8 | ||||
| Maximum LTV | 100 | 90 | CAHF Yearbook 2015 | A.3.8.1 | |
| Typical LTV at origination | 90 | 90 | 90 | A.3.8.2 | |
| Maximum term over which pmt is calculated? | 30 years | 30 years | 30 years | A.3.9 | |
| Mortgage pmt-to-income ratio | A.3.10 | ||||
| Typical pmt-to-income ratio (HH income) | 40% | A.3.10.3 | |||
A.4 Lending and Servicing Process
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Does the mortgage industry use standard principles/guidelines for underwriting? | yes | yes | yes | A.4.1 | |
| Which institutions define underwriting rules? | A.4.2 | ||||
| Major Lender | yes | yes | yes | A.4.2.3 | |
A.5 Credit Risk Assessment
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Do credit bureaus exist? | yes | yes | A.5.2 |
B. Funding Sources for Mortgages and the Secondary Mortgage Market
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| What are the main funding sources for mortgages? | B.1 | ||||
| Retail funding (deposits/other) | primary | primary | primary | Bank of Botswana | B.1.1 |
| Other | secondary | Finmark | B.1.5 | ||
C. Housing Microfinance
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Are non-collateralized housing micro-finance loans offered? | yes | CAHF Yearbook 2015 | C.1 | ||
| Types of lenders operating in the housing micro-finance (HMF) sector: | C.2 | ||||
| Others | yes | CAHF Yearbook 2015 | C.2.4 | ||
| Level of NPLs (>90 days past due) in HMF | C.4 | ||||
| Are non-collateralized but secured housing finance products offered (e.g. secured by pension or insurance savings) | yes | Select Africa | C.5 | ||