MORTGAGE FINANCE TECHNICAL ASSISTANCE PROJECT

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Closed

The Mortgage Finance Technical Assistance Project will help strengthen the environment for a functioning mortgage loan market, which includes legal and administrative measures to improve property rights, mortgage efficiency, and property titling and registration systems, by providing technical assistance (TA) to financial institutions, and training to operational staff in mortgage lending. The project components will: 1) address legal reforms governing ownership, and mortgage rights, in particular, property rights, and in the different provisions governing mortgage law, and, specific reforms will further secure better refinancing by the mortgage refinancing company, and competing institutions. Issuance of regular property titles will be accelerated, through changes in the legal framework, and introduction of new cadastre organization methods. Training will be provided to legal professionals, and land administration staff, including supply of computers, and information systems; 2) provide strategic assistance to integrate critical support services in long-term funding, mortgage insurance, distribution of direct-demand subsidies, and developers insurance. Training through seminars and workshops, will focus on business models, marketability, credit risk valuation, and loan management, with support from specific advisory assistance; 3) provide operational training, and adequate expertise to banks in the development of the mortgage loan market. Technical modules should cover sales and risk assessment; funding, and loans servicing; and, 4) project management to ensure the project's financial management system complies with the Bank's requirements for administration, reporting, and transaction recording, while incremental, and operating costs will be covered by the Government.

FY17 - Financial Sector,FY17 - Information and Communications Technologies,FY17 - Public Administration

World Bank Group

Project

Government