A. Primary Housing Finance Market
A.1 Industry Structure and Performance
| Variable | End of 2013 | End of 2012 | End of 2011 | 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 2013 | End of 2012 | End of 2011 | Sources | Var ID |
|---|---|---|---|---|---|
| Total amount of home mortgage loans outstanding at the end of year in millions of USD: | 2,309.25 USD (millions) | A.2.1 | |||
| Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) | 18.21% | Bank of Namibia and WEO | A.2.1.1 | ||
| and as % of all credits outstanding | 40.56% | Bank of Namibia | A.2.1.2 |
A.3 Housing Finance Products
| Variable | End of 2013 | End of 2012 | End of 2011 | 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 | ||||
| Mortgage pmt-to-income ratio | A.3.10 | ||||
| Typical pmt-to-income ratio (Individual income) | 30% | A.3.10.4 | |||
A.4 Lending and Servicing Process
| Variable | End of 2013 | End of 2012 | End of 2011 | 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 2013 | End of 2012 | End of 2011 | Sources | Var ID |
|---|---|---|---|---|---|
| What are the main funding sources for mortgages? | B.1 | ||||
| Retail funding (deposits/other) | primary | Bank of Namibia, Financial Stability Report 2011 | B.1.1 | ||
| Wholesale funding: loans from other banks or corporations | secondary | Bank of Namibia, Financial Stability Report 2011 | B.1.2 | ||
| Funding through mortgage bonds | Non-applicable | B.1.3 | |||
| Funding through securitization of mortgages | Non-applicable | B.1.4 | |||
| Other | tertiary | B.1.5 | |||
C. Housing Microfinance
| Variable | End of 2013 | End of 2012 | End of 2011 | 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 | ||||