Housing Finance: An International Study |
Common terms and phrases
୪୧ African building societies Australia authorised balance sheet Bausparkassen borrowers Britain British building societies Building Societies Act Building Societies Association building society industry Canada capital cent chartered banks CMHC commercial banks common market countries Crédit Agricole dwellings European Community Federal Home Loan FF bn FHLB financial institutions Government harmonisation Home Loan Bank house-purchase housing finance institutions housing finance market housing finance organisations housing finance systems housing loans Housing Tenure income increase interest rates International Union investments leasehold estate legislation lenders loan associations major market share million mortgage loans mortgage rate mortgage-backed securities owner-occupation permanent building societies proportion purchase rabobanks rate of interest recent rented savings and loan Savings Associations savings balances savings banks savings market secondary mortgage market securities shares and deposits significant Societies and Savings Source South Africa specialist housing finance Table total assets trust companies Union of Building United Kingdom West Germany
Popular passages
Page 107 - December 1989 on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions...
Page 3 - Greece, Hungary, Iceland. Ireland, Italy, Netherlands. Norway. Poland. Portugal. Romania. Spain. Sweden. Switzerland.
Page 75 - There are fourteen commissioners, two from each of the larger countries and one from each of the smaller nations.
Page 81 - Commission took its first significant step towards harmonizing financial systems when it published a 'draft directive for the co-ordination of the legal and administrative provisions for the taking up and exercise of the independent operator activities of credit institutions'.
Page 33 - Secretary of the Federal Savings and Loan Insurance Corporation and the Federal Home Loan Mortgage Corporation.
Page 82 - Article 6 1. Pending subsequent coordination, the competent authorities shall, for the purposes of observation and, if necessary, in addition to such coefficients as may be applied by them, establish ratios between the various assets and/or liabilities of credit institutions with a view to monitoring their solvency and liquidity and the other measures which may serve to ensure that savings are protected.
Page 76 - Indeed, there has sometimes been a tendency for harmonisation to be seen as an objective in its own right rather than as a means to an end. The Commission is now extremely sensitive to' this criticism and there is less evidence of harmonisation for its own sake.
Page 76 - Equally, if housing finance is heavily subsidised it can distort competition between housing and other industries. Taking the narrow issue first, it can be argued that the effective operation of a common market does not necessitate housing finance institutions to operate in more than one country. In...
Page 26 - ... the operation is generally referred to as "steaming". On the other hand, when there is free water present in addition to that absorbed by the wood itself, ie, when each pound of dry chips is accompanied by three or more pounds of water, the operation is generally referred to as "water cooking". There is not a great deal of difference between the two types of operation; water cooking generally produces a somewhat better quality of fiber but involves a higher steam consumption, as compared with...
Page 12 - ... transfer to the fighting forces disrupts the financial expectations on which their commitments and those of their families were based. Morton Bod fish, MA, is executive vice-president of the United States Savings and Loan League, Chicago; professor of real estate at Northwestern University; president of the International Union of Building Societies and Savings and Loan Associations; president of the First Federal Savings and Loan Association of Chicago; and engaged in city planning and other...