A. Primary Housing Finance Market
A.1 Industry Structure and Performance
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Types of originating lenders/market share: | A.1.2 | ||||
| Are there (quasi) public mortgage lenders: | Yes | Yes | Yes | World Bank Paper on MENA - Olivier Hassler | A.1.4 |
| Universal/ commercial banks | Yes | Yes | Yes | World Bank Paper on MENA - Olivier Hassler | A.1.4.1 |
| 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: | 10,916.77 USD (millions) | 9,879.28 USD (millions) | 8,534.86 USD (millions) | A.2.1 | |
| Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) | 21.34% | 19.78% | 17.93% | A.2.1.1 | |
| and as % of all credits outstanding | 21.74% | 20.91% | 19.51% | 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 | 90 | A.3.8.1 | |
| Maximum term over which pmt is calculated? | 30 years | 30 years | 30 years | Databank Lebanon | A.3.9 |
| Mortgage pmt-to-income ratio | A.3.10 | ||||
| Maximum pmt-to-income ratio (Individual income) | 35% | 35% | 35% | Various commercial banks: Blombank, Bank Audi, Bank Med, and Bank of Beirut | A.3.10.2 |
A.4 Lending and Servicing Process
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Which institutions define underwriting rules? | A.4.2 | ||||
| Central Bank/Ministry of Finance | Yes | Yes | Yes | A.4.2.1 | |
A.5 Credit Risk Assessment
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Do credit bureaus exist? | No | No | No | World Bank - http://data.worldbank.org/indicator/IC.CRD.PRVT.ZS | A.5.2 |
| Is mortgage default insurance available? | Yes | A.5.3 |
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 | Databank Lebanon | B.1.1 |
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 | Yes | Yes | C.1 | |
| Types of lenders operating in the housing micro-finance (HMF) sector: | C.2 | ||||
| NGOs | Yes | Yes | Yes | C.2.3 | |
| Level of NPLs (>90 days past due) in HMF | C.4 | ||||