"This paper discusses some of the key characteristics of the U.S. subprime mortgage boom and bust, contrasts them with … characteristics of emerging mortgage markets, and makes recommendations for emerging market policy makers. The crisis has raised … questions in the minds of many as to the wisdom of extending mortgage lending to low and moderate income households. It is …

facilitate the development of mortgage-related securities. Despite such a strong appeal, there are significant barriers to the … development of mortgage securities in emerging markets. Their success is dependent on many factors, starting with a strong legal … and regulatory framework and liberalized financial sector, and including a developed primary mortgage market. The …

As the Mongolian mortgage market grows rapidly, and the Government of Mongolia (GoM) pursues an ambitious social … prudent mortgage lending standards and supervision, as well as on provision of housing infrastructure and zoned land. Second … focus on preventing mortgage market distortions in pricing, emphasizing robust planning and rigorous transparency and …