Institutional challenges for lending organizations in the West African housing finance system
No Thumbnail Available
Date
2013
Authors
Oyalowo, B.A.
Nubi, T.G.
Journal Title
Journal ISSN
Volume Title
Publisher
Housing Finance International- The Quarterly Journal of the International Union for Housing Finance. Kingsway-London.
Abstract
The functions that lending organizations perform in the housing market are generally broad
and impact on national development, especially
where the mortgage market is embedded in the
macro-economic financial policy. Major functions include the mobilization of household
savings, allocation of funds for lending to loan
seekers, allocation of domestic and international
funds to the local housing sector, differentiated
loan product design and also, integration of the
housing system into the local and global financial markets (Forrest, 2008; Renaud, 1985). As
most of these functions can be achieved through
policy liaisons with government regulatory agencies, the effectiveness of lending organizations
rests on the policy environment in which they
operate.
Description
Keywords
Institutional conditions, market-based, housing systems, government regulatory agencies, policy.
Citation
Oyalowo, B.A. & T.G. Nubi (2013). Institutional challenges for lending organizations in the West African housing finance system. Housing Finance International- The Quarterly Journal of the International Union for Housing Finance. Kingsway-London.