Institutional challenges for lending organizations in the West African housing finance system

Oyalowo, B.A. ; Nubi, T.G. (2013)


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.