developments and presents a menu of policy actions that should be considered by the mortgage regulators to address the current … challenges and to better prepare for next cyclical events. The scope of the paper is on the mortgage finance in ECA region. Some … real estate market evolutions are intricately linked with the cyclicality of the mortgage credit (and with the broad …

"This paper discusses some of the key characteristics of the U.S. subprime mortgage boom and bust, contrasts them with … characteristics of emerging mortgage markets, and makes recommendations for emerging market policy makers. The crisis has raised … questions in the minds of many as to the wisdom of extending mortgage lending to low and moderate income households. It is …

facilitate the development of mortgage-related securities. Despite such a strong appeal, there are significant barriers to the … development of mortgage securities in emerging markets. Their success is dependent on many factors, starting with a strong legal … and regulatory framework and liberalized financial sector, and including a developed primary mortgage market. The …