Guide to Housing Finance

Guide to Housing Finance is a comprehensive treatise on housing finance and mortgage lending covering all aspects related to it. It examines the legal and regulatory framework governing housing finance in the context of related aspects of basic features of housing finance products, mathematics of housing finance, risk management and refinancing options.

The book explains the concept of mortgage lending in a lucid manner with the aid of numerical illustrations, graphs, diagrams, flowcharts, comparative tables, and illustrative figures. The commentary draws on the international experience of countries such as US, Brazil, Mexico, Australia and UK to bring forth a comparative and holistic perspective on the subject. Operational aspects of accounting of mortgage lending and financial mathematics of housing finance have been discussed extensively in the book.

Housing being a basic human need, policy-makers and practitioners realise the significance of housing finance to economic wealth and welfare of nations. While market-based systems have served the upper segments of the population pyramid so well, policy-makers world over are concerned about evolving housing finance systems that serve the bottom of the pyramid. The concepts of housing microfinance and affordable housing finance have been analyzed in detail in the book.

This book will serve as a useful reference work for legal practitioners, financial regulators, housing finance companies, institutional lenders, retail borrowers, policy makers, industry associations, institutions and academicians.