Central and Eastern European Mortgage Finance
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> May 7, 2003
>> Agenda


SEE Mortgage Finance Project

The Urban Institute

Institute for Market Economics (IME)



Southeast Europe Mortgage Finance Network Working Group
Sofia Hotel Rodina
May 7, 2003

9:00 - 9:30 Welcome
Jean Lange, USAID, Washington
Krassen Stanchev, IME
Sally Merrill, Urban Institute

9:30 - 10:00 Tour de table: Introduction of Working Group Members and Guests
Brief Description of Participants Role in SEE Mortgage Finance

10:00 - 10:30 Setting Goals for the Discussion
Sally Merrill and Krassen Stanchev

10:15- 11:30 Discussion of Priority Issues and next Steps by the Working Group (* see the attached list of potential issues for discussion)

11:30 - 11:45 Coffee Break

11:45 - 13:00 Continued Group Discussion of Highest Priorities for Next Steps

13:00 - 14:30 Lunch

14:30 - 16:00 Development of a Mission Statement for the SEEMFN Working Group

16:00 - 16:30 Website Development
Venue and Date for Next Working Group Meeting
Solicitation of Specific Proposals for Next Steps

*I. Issues in Mortgage Market Development and Regional Standardization

A. Legal Issues: Primary Market

  • Mortgage Laws
  • Foreclosure Laws
  • Other Collateral and Enforcement Issues
  • Conveyancing
  • Registration

B. Legal Issues: Secondary Market

  • Mortgage Bond Laws
  • Securities Laws/Investment Funds/UCITS
  • Company and SPV Laws
  • Bankruptcy
  • Secured Transactions
  • Other Secondary Legal/Administrative Issues: Transfer, Taxes, Notification, Confidentiality
  • Banking Laws and Regulations
  • Pension Regulation

C. Primary Market Technical Assistance, especially Activities that Promote Regional Standardization

  • Underwriting
  • Servicing
  • Forms, Documentation, Procedures
  • IT and Information systems
  • Data Collection
  • Standardization Manual

D. Credit Risk Issues

  • Mortgage Default Insurance
  • Credit Bureau
  • Database Development and Risk Analysis

E. Market Development, Public Policies, and Information Systems

  • Compatibility of Subsidy Policies and Market Development
  • Central Bank Regulatory Issues in Mortgage Finance
  • Mortgage Market Statistics for SEE

F. Secondary Market Development: Issues and Regional Approaches

  • Update for Mortgage Bond Issuance in CEE/SEE
  • Cost/Benefit Analysis of Funding Options: deposits, mortgage bonds, MBS
  • Portfolio Standards/Requirements for mortgage-backed debt market activities

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