Developing mortgage finance
Synonyms: Providing mortgage loans
Implementation: To foster this strategy at a national level the World Bank recommends the following. Do: Allow private sector to lend; lend at positive/market rates; enforce foreclosure laws regulation; ensure prudential regulation; introduce better loan instruments. Don't: allow interest-rate subsidies; discriminate against rental housing investment; neglect resource mobilization; allow high default rates.
Type Classification: D: Detailed strategies