Table of contents acknowledgements



Download 6.93 Kb.
View original pdf
Page1/176
Date14.05.2019
Size6.93 Kb.
  1   2   3   4   5   6   7   8   9   ...   176



EBRD Mortgage Loan Minimum
Standards Manual
Updated June 2011



TABLE OF CONTENTS
ACKNOWLEDGEMENTS
..II
INTRODUCTION
..
.3
1. .......... LENDING CRITERIA (MS 01)
..4
2. MORTGAGE DOCUMENTATION (MS 02)
..13
3. .......... MORTGAGE PROCESS AND BUSINESS OPERATIONS (MS 03)
...17
4. PROPERTY VALUATION (MS 04)
..21
5. ......... PROPERTY OWNERSHIP AND LEGAL ENVIRONMENT (MS 05)
.26
6. ......... INSURANCE (MS 06)
.29
7. ......... CREDIT AND RISK MANAGEMENT STANDARDS (MS 07)
33
8. ......... DISCLOSURES (MS 08)
.42
9..............BASEL II AND III REQUIREMENTS (MS09)
.43
10.
SECURITY REQUIREMENTS.
......................................................................................50
11. MANAGEMENT INFORMATION, IT & ACCOUNT MANAGEMENT (MS 11)
...52
APPENDICES
A1.
LOAN APPLICATION FORM
A2.
LOAN APPROVAL OFFER LETTER
A3.
UNDERSTANDING SECURITISATION
A4.
INVESTOR / RATING AGENCY SAMPLE REPORT RESIDENTIAL


Mortgage-backed security
Introduction
Lending criteria (ms 01)
Minimum standards common features
Minimum standards
Property valuation
Minimum standards local currency mortgage loans
Best practices
Minimum standards foreign currency loans
Further reading
Transaction type
Components actual cost of
Direct labour (owner-builder)
Phased payments
Construction loan risks - self build
Construction loan risks contractor build
Mortgage documentation (ms 02)
Post sale documentation.
Best practices
Reasons for best practices and minimum standards
Offer letter or mortgage loan agreement:
What investors and rating agency may require
Mortgage process and business operations (ms 03)
Minimum standards
Executive management
Policy making
Centralised loan originations
Branch loan originations
The appraiser
The appraisal process
The cost approach
Other property reports
Environmental
Property ownership and legal environment (ms 05)
Types of title
Registration of title
Insurance (ms 06)
Life insurance
Hazard insurance
Mortgage insurance
Builders and contractors guarantee
Credit and risk management standards (ms 07)
Introduction to credit and market risk management
Foreign currency loans
Staff and credit training
Loan assessment and quality control
Step 2: analysis and verification of ability to pay
Step 3: credit history
Step 4: property suitability
Step 5: legal status of the borrower
Loan administration policies
Credit loss loan loss provisions
Enforcement:
Disclosures (ms 08)
Basel ii and iii requirements (ms 09)
Corporate governance
Credit risk control
Internal audit
Loan loss provisions
Use of mortgage property as collateral
Accounting standards
Requirements of rating agencies and investors
Modelling credit risk in mortgages (irb approach only)
Integrity of the grading process
Validation and documentation
Data maintenance
Risk management process and controls
Security requirements (ms 10)
First mortgage rights
Building or property insurance*
Borrower s ability to pay
Mortgage indemnity guarantee (mig)*:
Management information, it & account management (ms 11)
It requirements
Reporting and monitoring
Complete this line if construction loan.
Iii. borrower information
Vi. assets and liabilities
Assets description cash orb bmarket
Subtotal liquid assets
Vii. details of transaction
Total costs (add items a through h)
Acknowledgment and agreement
X date co-borrower s signature
Conditions prior to approval
Conditions prior to loan closing
Exhibit 1 below maps the processes involved in mortgage-backed securities
Management of asset pool
Why do either
Asset summary (cutoff date as of 01/12/2009)
Liabilities, credit enhancement and liquidity
Counterparties
Moody s view
Originator s securitisation history
Portfolio relative performance
Potential rating sensitivity
Allocation of payments/pre accelerated revenue
Allocation of payments/pre-accelerated principal
Allocation of payments/pdl-like mechanism
Servicer background ahml
Back-up cash manager/calculation agent background ahml
Collateral description (pool as of december 2009)
Definitive ratings
Strengths of the transaction
Weaknesses and mitigants
Structure summary
Collateral summary
Credit strength of the sponsor bank
The credit quality of the cover pool
Appendix 1: the cover pool
Multi-family properties
Minimum standard section 1: product and lending criteria
Minimum standard section 2: mortgage documentation
Supporting documentation
Application and supporting
Post sale documentation
Minimum standard section 3: the mortgage process and business operations
Centralised approach
Decentralised approach
Minimum standard section 4: property valuation
Minimum standard section 5: property ownership
Minimum standard section 6: insurance
Minimum standard section 7: credit and risk management standards
Loan assessment
Self-build projects
Interest rates and loan products:
Collection and enforcement:
Minimum standard section 8: disclosure
Minimum standard section 9: basel ii and iii requirements
Introductory remarks
Modelling credit risk in mortgages
Ebrd minimum standards
Buildings insurance
Minimum standard section 11: management information, it and accounting information



Share with your friends:
  1   2   3   4   5   6   7   8   9   ...   176


The database is protected by copyright ©userg.info 2017
send message

    Main page

bosch
camera
chevrolet
epson
fiat
Harley Davidson
Honda
iphone
mitsubishi
nissan
Panasonic
Sony
volvo
xiaomi
Xperia
yamaha