The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth; A Survey of Selected Mena Countries

This paper argues that making affordable home mortgage loans available to a large cross section of the population will serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing and mortgage markets in selected Middle East and North Africa (MENA) countries (Algeria, Egypt, Jordan, Morocco, and Tunisia) is examined. The study evaluates Turkey and Mexico as middle-income comparator countries. Historical experience of the United States is also described. Simulations based on U.S. parameters provide some guide to the effects on economic growth of alleviating housing shortages by improving access to mortgage financing.

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Year of publication:	2002-02-01
Authors:	Nothaft, Frank E. ; Erbas, S. Nuri
Institutions:	International Monetary Fund (IMF)
Subject:	Poverty \| mortgage \| mortgage markets \| housing construction \| home mortgage \| housing finance \| mortgage market \| mortgage lending \| mortgage loans \| home ownership \| mortgages \| housing subsidies \| construction materials \| affordable mortgages \| housing supply \| homeownership \| foreclosure \| mortgage financing \| housing markets \| mortgage finance \| housing policies \| housing starts \| mortgage rates \| housing stock \| housing economics \| public housing \| secondary mortgage market \| construction sector \| urban housing shortages \| affordable mortgage \| secondary mortgage \| housing credit \| access to mortgage \| secondary mortgage markets \| affordable housing \| home equity \| housing units \| urban population \| housing finance institutions \| housing loans \| housing policy \| mortgage loan \| housing conditions \| private mortgage \| construction costs \| housing market \| mortgage rate \| land tenure \| informal housing \| home mortgage market \| public sector housing \| housing indicators \| home mortgages \| property rights \| securitization \| housing shortage \| residential mortgage \| housing programs \| housing prices \| long-term mortgage \| property registration \| rent controls \| dwelling units \| government housing \| housing projects \| property titles \| housing needs \| mortgage interest \| availability of home mortgages \| housing mortgage \| foreclosures \| urban development \| mortgage credit \| public housing finance \| low-income households \| mortgage law \| home mortgage lending \| mortgage debt \| capital markets \| urban housing \| home owners \| human settlements \| traditional mortgage \| owner occupancy \| residential mortgages \| affordable home ownership \| housing developments \| real estate developers \| rental property \| real estate brokerage \| urban design \| human capital \| mortgage-backed bond \| federal national mortgage association \| rural economies \| home mortgage debt \| mortgage insurance \| mortgage product \| local governments \| labor mobility \| mortgage risk \| availability of home mortgage \| housing administration \| urban housing stock \| cost of housing \| rent subsidies \| housing finance system \| subsidized housing \| mortgage products \| property insurance \| urban services \| mortgage lender \| housing contracts \| construction contracts \| provision of mortgage \| appropriate housing \| poverty housing \| mortgage payment \| housing development \| housing expenditure \| user fees \| urban dwellers \| mortgage interest rate \| social capital \| clear title \| mortgage instrument \| land economics \| building materials \| mortgage loan insurance \| mortgage interest rates \| central governments \| rental housing \| mortgage association \| loan repayment

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Working Papers Number 02/17 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005825998