A. Primary Housing Finance Market
A.1 Industry Structure and Performance
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| Number of firms originating and funding mortgage loans | 5 | Central Bank of Burundi Financial Inclusion Survey - http://hofinet.org/documents/doc.aspx?id=2260 | A.1.1 | ||
| Types of originating lenders/market share: | A.1.2 | ||||
| Identify the 3 largest loan originating lenders | Fund for Promotion of Urban Housing, Burundi Bank of Commerce and Investment, National bank for Economic Development | Fund for Promotion of Urban Housing, Burundi Bank of Commerce and Investment, National bank for Economic Development | CAHF Yearbook and NBER Working Paper - http://hofinet.org/documents/doc.aspx?id=2261 | A.1.3 | |
| Are there (quasi) public mortgage lenders: | Yes | NBER Working Paper - http://hofinet.org/documents/doc.aspx?id=2261 | A.1.4 | ||
| Non-depository financial institutions specialized in housing finance | Yes | NBER Working Paper | A.1.4.3 | ||
| 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: | 31.09 USD (millions) | 33.91 USD (millions) | Bank of the Republic of Burundi | A.2.1 | |
| Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) | 1.16% | 1.37% | Bank of the Republic of Burundi | A.2.1.1 | |
| and as % of all credits outstanding | 6.85% | 5.94% | Bank of the Republic of Burundi | 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 | ||||
| 10 year fixed rate mortgage | 17.5% | Central Bank of Burundi Financial Inclusion Survey - http://hofinet.org/documents/doc.aspx?id=2260 | A.3.4.1 | ||
| 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 | ||||
| Mortgage pmt-to-income ratio | A.3.10 | ||||
| Maximum pmt-to-income ratio (HH income) | 40% | 40% | CAHF Yearbook - Burundi | A.3.10.1 | |
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
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 | B.1.1 | |||
| Wholesale funding: loans from other banks or corporations | secondary | B.1.2 | |||
C. Housing Microfinance
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| Are non-collateralized housing micro-finance loans offered? | Yes | Central Bank of Burundi Financial Inclusion Survey -
http://hofinet.org/documents/doc.aspx?id=2260 | C.1 | ||
| Types of lenders operating in the housing micro-finance (HMF) sector: | C.2 | ||||
| Level of NPLs (>90 days past due) in HMF | C.4 | ||||