A. Primary Housing Finance Market
A.1 Industry Structure and Performance
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| Types of originating lenders/market share: | A.1.2 | ||||
| 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 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| Total amount of home mortgage loans outstanding at the end of year in millions of USD: | 458.2 USD (millions) | 394.31 USD (millions) | 402.39 USD (millions) | FDB Annual Report http://www.fdb.com.fj/pages.cfm/quick-links/annual-reports.html | A.2.1 |
| Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) | 10.11% | 9.4% | 10.12% | FDB Annual Report http://www.fdb.com.fj/pages.cfm/quick-links/annual-reports.html | A.2.1.1 |
| and as % of all credits outstanding | 9.15% | 11.38% | 16.63% | World Bank and FDB | A.2.1.2 |
A.3 Housing Finance Products
| Variable | End of 2014 | End of 2013 | End of 2012 | 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 | ||||
| Typical LTV at origination | 80 | 80 | 80 | A.3.8.2 | |
| Mortgage pmt-to-income ratio | A.3.10 | ||||
| Typical pmt-to-income ratio (HH income) | 35% | 35% | 35% | ANZ Bank Fiji | A.3.10.3 |
A.4 Lending and Servicing Process
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| Which institutions define underwriting rules? | A.4.2 | ||||
A.5 Credit Risk Assessment
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| Do credit bureaus exist? | Yes | Yes | Yes | A.5.2 |
B. Funding Sources for Mortgages and the Secondary Mortgage Market
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| What are the main funding sources for mortgages? | B.1 | ||||
| Retail funding (deposits/other) | primary | primary | primary | Reserve Bank of Fiji | B.1.1 |
C. Housing Microfinance
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| Types of lenders operating in the housing micro-finance (HMF) sector: | C.2 | ||||
| Level of NPLs (>90 days past due) in HMF | C.4 | ||||