Mortgage Market Development in Azerbaijan: Strategic Directions of the AMF

“The main purpose of AMF is to provide mechanisms for housing finance through long-term mortgage loans, as well as to facilitate attraction of local and foreign financial resources”
Presidential Decree N339Market Infrastructure
Mortgage loans and refinancing
Streamlining & Adaptation
* Amendments to legislation * Streamlining of procedureso less paper worko less documents neededo more flexible choice * Reduction of interest rates * Reduction of down-payment * Increase of loan maturity * Social MortgagePrimary market development
Sufficient official income
Foreclosure, Register
Efficient banking services
Affordable Housing
Source of capital / Refinancing
Secondary market
Developed primary market
Enabling legal env’t
Stable macro- economic env’t
Developed Financial markets
Institutional Investors
Strengthso State supporto Involvement of bankso High Demand of Populationo Rising income levels
Weaknesseso Lack of experienceo Low public awarenesso Long procedures
SWOT Analyses
Opportunitieso Affordable housing programso Regional expansiono International integrationo Development new productso Guarantee Fundo Securitizationo Privatization
Threatso Limited fundingo Misuse of resourceso Rising housing priceso Low interest from market participants
Strategic Goals
* Building an enabling legal environment * Development of primary market and its infrastructure * Reducing paperworks and formalities * Institutional development of AMF * Preparation for secondary market operations
Potential Areas for Technical Assistance
* AMF institutional building and functional development * AMF and mortgage system legal framework * Streamlining mortgage registration procedure * Market research/analysis * Support the development of the mortgage market infrastructure
Potential Areas for Technical Assistance
* AMF Legal Framework – Part 2
o Streamline the AMF’s standards and requirementso Implement single closureo Strengthen foreclosureo Taxationo Draft legislation on MBS and their turnovero Draft legislation on savings and construction banks
Potential Areas for Technical Assistance
* Market research/analysis
o Identify Market Potential for new products
o Set up a monitoring and forecasting tool
Potential Areas for Technical Assistance
* Support the development of the mortgage market infrastructure
o Develop uniform standards in appraising and insuringo Implement mortgage credit registryo Develop single database systemo Simplify procedures and provide transparencyo Implement a wide-ranging mortgage awareness campaigno Hold an international conference and other professional events


Mortgage Market Development in Azerbaijan: Strategic Directions of the AMF.ppt

Category : Mortgage
Website : www.amf.az
Language : English
Size : 3.42 Mb
Download Mortgage Market Development in Azerbaijan: Strategic Directions of the AMF.ppt

"We do our best to publish and share Non Copyrighted Material on this blog, We merely take the power of Google Search(ppt search), forums, social bookmarks to find those materials and link to it. None of those materials are hosted in this server. We are neither affiliated with authors of any site nor responsible for its content and change of content. If you see unrelated pdf files with the description or copyrighted materials published on this blog, please contact us, we'll take action as soon as possible. Please read our Disclaimer for more detail."