Sustainable Development of the Housing Finance System: The Experience of the Canada Mortgage and Housing Corporation (CMHC) |
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affordability and choice available and accessible billion borrower business loans Canada Mortgage Bond Canadian housing finance cent chartered banks CIDA CMHC insurance CMHC International CMHC-Insured Financing CMHC-insured mortgages CMHC's competition contribute cost countries and countries countries with economies country like Canada Crown corporation David Executive Director developing countries Director of CMHC downward pressure economies in transition enhancing federal government Finance System UN-HABITAT FINANCE SYSTEMS MONOGRAPH financial institutions financial services sector foreclosure government through CMHC Habitat Agenda home loans Housing Corporation CMHC housing finance system housing market housing sector human settlements development important including mortgages interest rates International Canada Mortgage investors issue legislation lenders mandate Mortgage and Housing mortgage default insurance mortgage financing mortgage insurance fund mortgage lending mortgage loan insurance mortgage securitization Nairobi payment Pierre David Executive private sector programme public funds risk pooling role solutions sustainable housing finance SYSTEMS MONOGRAPH SERIES UN-HABITAT SUSTAINABLE DEVELOPMENT UN-HABITAT UN-HABITAT UN-HABITAT/P.Wambu
Popular passages
Page 7 - By 2020, to have achieved a significant improvement in the lives of at least 100 million slum dwellers...
Page 12 - Its mission is to promote the construction of new houses, the repair and modernization of existing houses and the improvement of housing and living conditions in Canada.
Page 5 - Declaration, committing themselves to the goals of adequate shelter for all and sustainable human settlements development in an urbanizing world. Five years later, in June 2001, the Declaration on Cities and other Human Settlements in the New Millennium...
Page 3 - ISBN: 92- 1-1 3 1640-5 43. Urban Policy Implications for Food Security in African Countries. Report of a Workshop 44. Sustainable Development of the Housing Finance System: The Experience of the Canada Mortgage and Housing Corporation (CMHC) HS/677/02E ISBN: 92-1-131672-3 45. Re-Establishing Effective Housing Finance Mechanisms in Tanzania: The Potentials and the Bottlenecks HS/694/03E ISBN: 92-1-13 1686-3 46.
Page 5 - ... considerations, efforts should be made to incorporate the informal sector into the formal economy, wherever feasible. It is also important to reduce the transfer costs of migrant workers' remittances and create opportunities for development-oriented investments, including housing. 19. It is critical to reinforce national efforts in capacity-building in developing countries and countries with economies in transition in such areas as institutional infrastructure, human resource development, public...
Page 18 - Hence, by the early 1950s, federal legislation had created a national market for home loans that was more accessible to borrowers and more viable for lenders.
Page 17 - To further encourage lenders to participate in the joint loans, the government compensated the lenders for default losses on a fairly generous basis free of charge.
Page 11 - Among the more important considerations in the development of a domestic housing finance system are the role of government and the relationship between the public and private sectors. In this respect, over time, I believe that we in Canada have taken a pragmatic approach to this issue.