IDEAS home Printed from https://ideas.repec.org/p/pid/sludge/20212.html
   My bibliography  Save this paper

Housing Finance

Author

Listed:
  • Nadeem Ul Haque

    (Pakistan Institute of Development Economics)

  • Ahmed Waqar Qasim

    (Pakistan Institute of Development Economics)

  • Idrees Khawaja

    (Pakistan Institute of Development Economics)

  • Azwar Muhammad Aslam

    (Pakistan Institute of Development Economics)

Abstract

Primary Issue The banks are not used to extending mortgage finance – building capacity and introducing efficiency in the process will require bold initiatives, suitable legal framework (enacting and implementing foreclosure law in spirit and training bank staff). Sources of Sludge A major source of sludge is the ‘inspection of the property by the bank – it can around 3 months for the bank officials to physically inspect the property and declare it as ‘clear’ for lending as per the bank’s criteria (the maximum time mentioned in documents obtained from a bank is 12 days). Apart from the inspection, the rest of the processing of the loan application at the bank can take around one month (Again the time mentioned in the documents referred above is 18 days).

Suggested Citation

  • Nadeem Ul Haque & Ahmed Waqar Qasim & Idrees Khawaja & Azwar Muhammad Aslam, 2021. "Housing Finance," PIDE Sludge Series 2021:2, Pakistan Institute of Development Economics.
    • Handle: RePEc:pid:sludge:2021:2
    as

    Download full text from publisher

    File URL: https://file.pide.org.pk/pdfpideresearch/sludge-series-02-housing-finance.pdf
    File Function: First Version, 2021
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pid:sludge:2021:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Khurram Iqbal (email available below). General contact details of provider: https://edirc.repec.org/data/pideipk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.