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 | 8 | Housing Finance in MENA- World Bank Paper and JMRC - Annual report - http://hofinet.org/documents/doc.aspx?id=1007 | A.1.1 | ||
| 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 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: | 252.47 USD (millions) | 216.42 USD (millions) | 183.76 USD (millions) | A.2.1 | |
| Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) | .67% | .6% | .55% | A.2.1.1 | |
| and as % of all credits outstanding | .95% | .85% | .75% | Jordan Central Bank and JMRC | A.2.1.2 |
| What % of total new mortgages is refinance? | 83% | 83% | 83% | A.2.5 |
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 | A.3.9 | |
| Mortgage pmt-to-income ratio | A.3.10 | ||||
| Maximum pmt-to-income ratio (Individual income) | 50% | 40% | 40% | 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 | ||||
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 | A.5.2 | |
| What percentage of mortgage originations use credit scoring? | 0% | 0% | 0% | A.5.1 | |
| Is mortgage default insurance available? | Yes | Yes | Yes | Housing Finance in MENA - World Bank paper by Olivier Hassler | 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) | secondary | secondary | secondary | B.1.1 | |
| Wholesale funding: loans from other banks or corporations | primary | primary | primary | B.1.2 | |
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 | ||||
| Commercial banks | Yes | Yes | Yes | C.2.1 | |
| NGOs | Yes | Yes | Yes | C.2.3 | |
| Others | Yes | Yes | Yes | C.2.4 | |
| Level of NPLs (>90 days past due) in HMF | C.4 | ||||