This course covers the roles of the different departments within the mortgage finance entity (company or bank) and the role of the different players / partners within the mortgage finance industry, with a focus on Egypt. It also covers mortgage loan production, the secondary mortgage market, securitization, and the relevant Egyptian legislation.

Course Description:

This course covers the roles of the different departments within the mortgage finance entity (company or bank) and the role of the different players / partners within the mortgage finance industry, with a focus on Egypt. It also covers mortgage loan production, the secondary mortgage market, securitization, and the relevant Egyptian legislation.

Course Objectives:

  • Define mortgage finance.
  • Identify the players in the mortgage industry.
  • Specify the mortgage loan products.
  • Explain Mortgage Finance Law No. 148 and its executive statutes.
  • Explain real estate calculations.
  • Define the loan production operation and loan underwriting.
  • Define securitization and the secondary market.
  • Describe the administration of mortgage loans.

Course Outline:

Module 1: Introduction to Mortgage Finance

  • Introduction to mortgage finance
  • The function of the mortgage finance sector
  • The benefits of a robust mortgage market

Module 2: Players in the Mortgage Industry

  • The major players in the mortgage industry
  • Mortgage industry operations
  • How mortgage companies realize a profit

Module 3: Mortgage Loan Products

  • The balance law of the mortgage finance sector
  • The difference between retail and wholesale lending
  • The basic principles of mortgage lending

Module 4: Mortgage Finance Law No. 148 and its Executive Statutes

  • The basic terms of the law
  • Rights of the borrower
  • Tri-party agreement
  • The executive statutes and amendments thereto
  • Loan registration
  • How to record a real estate claim

Module 5: Real Estate Calculations

  • Loan value vs. real estate value
  • Calculating the maximum housing subsidy
  • Calculate the maximum loan amount
  • Calculating the settlement cost
  • Determining the funds required for the settlement process

Module 6: Production Operations and Underwriting

  • The role of the underwriting operation in the mortgage finance industry
  • Risk analysis
  • Capacity to repay the loan
  • Collateral
  • Determining the level of risk
  • The potential changes in the mortgage finance sector

Module 7: Securitization and the Secondary Market

  • The global credit market and financial intermediaries
  • Short-term financing: money market
  • Long-term financing: capital market
  • The functions of the secondary market
  • 81:/pricing the securities
  • The concept of securitization
  • Types of bonds
  • The advantages of securitization
  • Securitization in Egypt
  • How to prepare for securitization

Module 8: Loan Administration

  • What is loan administration?
  • How loan administration generates revenue
  • The objectives of loan administration
  • Mortgage loan insurance
  • How to manage payment failure

Assessment Strategy:

Participants will be informally assessed on their interaction during sessions and their participation in exercises

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