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Year 2008, Volume: 8 Issue: 30, 177 - 184, 10.06.2008

Meltem Ulusan

https://doi.org/10.14783/maruoneri.679686

Abstract

References

  • [1] Lea, M. (2000). The Role of the Primary Mortgage Market in the Development of a Successful Secondary Mortgage Market. Washington, D.C.: Inter - American Development Bank, Sustainable Development Department Best Practices Series.
  • [2] Koçak, D. (2007). Konut Finansmanı Kanunu Öncesi ve Sonrası Mortgage. Türk Uzun Vadeli Konut Finansman Sisteminde Varlığa Dayalı Menkul Kıymetlerin Rolü. İstanbul: Beta Basım Yayım.
  • [3] Turkish Banking Association. Banking Regulation and Supervision Agency. (http://www.bddk.org.tr/). [14.05.2007] .
  • [4] Lea, M. (2006a). New Opportunities for Mortgage Finance in Turkey. Cardiff Consulting Services. Turkey Housing Finance Workshop, 29 June, İstanbul, 1-12.
  • [5] Turkish Banking Association. (http://www.tbb.org.tr/). [14.05.2007] ,
  • [6] Turkish Statistical Institute, (http://www.tuik.gov.tr/Start.do). [14.05.2007],
  • [7] European Mortgage Federation, (http://www.hypo.org/Content/Default.asp). [21.05.2007].
  • [8] EFAMA. (2006). Trends in the European Investment Fund Industry. EFAMA Quarterly Statistical Release. 28 (Fourth Quarter of 2006).
  • [9] The European Fund and Asset Management Association (EFAMA). (http://www.efama.org/). [21.05.2007].
  • [10] Turkish Treasury and Turkish Banking Association Turkish Treasury (http://www.hazine.gov.tr/). [14.05.2007].
  • [11] Govemment Planning Organization. (http://www.dpt.gov.tr/). [14.05.2007],
  • [12] Lea, M. (2006b). Developing Mortgage Capital Markets in Emerging Economies. 26th IUHF World Congress, Vancouver, September, 1-13.
  • [13] Mortgage Funding. (2005). Proceedings of Public Hearing on Mortgage Credit. Brussels, 7 December. (http://serviciodeestudios.bbva.com/TLBB/fbin/051207_Pr esentacionesEuropa_04_tcm268-108020.pdf). [24.12.07].
  • [14] Council of Mortgage Lenders, UK, (http://www.cml.org.uk/cml/home). [06.02.2007].
  • [15] Suârez, J.L. & Vassallo, A. (2004). European Mortgage Market: An Overvievv 1992 - 2003, IESE Business School, Working Paper No: 562. Also available at SSRN: (http://ssm. com/abstract=673249) [25.05.07].
  • [16] Aganval, S.; Chomsisengphet, S. & Hassler, O. (2005). The Impact of the 2001 Financial Crisis and the Economic Policy Responses on the Argentine Mortgage Market. Journal ofHousingEconomics, 14(3), 242-270.
  • [17] You, S.D. (2005). Korean Mortgage Markets: Transition to Securitizations. Housing Finance International, March, 27-34.
  • [18] Güven, U. (2007). A new and exciting joumey. - An interview - Mortgage Finance Gazette, European Supplement. (http://www.mfgonline.co.uk/ccstory/20726/ 180/A_new_and_excitingJoumey.htm). [22.05.07].
  • [19] Chiquier, L. (2004). Housing Finance for Lower - Income Groups, The World Bank, Housing Finance Business Group Financial Sector Operations and Policy Department. OECD Conference - Housing Finance in Transition Economies, December, 1-8.
  • [20] Küçükkocaoğlu, G. (2006). Bireysel Emeklilik Bağlantılı Konut Finansman Sistemi. Active - Bankacılık ve Finans Dergisi, 8(48), Mayıs - Haziran, 1-6. (http://www.makalem.com/Search/ArticleDetails.asp7nAR TICLE_id=4341). [25.05.07].
  • [21] Karakaş, C. & Özsan, O. (2004). Türkiye’de ve Doğu Avrupa Ülkelerinde İpoteğe Dayalı Menkul Kıymet Piyasalarının Durumu. Active - Bankacılık ve Finans Dergisi, (36), Mayıs - Haziran, 1-16. (http://www.makalem.com/Search/ArticleDetails.asp7nAR TICLE_id=3027). [22.05.07].
  • [22] Chiquier, L.; Hassler, O. & Lea, M. (2004). Mortgage Securities in Emerging Markets. Washington, D.C.: The World Bank, Financial Sector Operations and Policy Department, World Bank Policy Research Working Paper 3370.
  • [23] Van Order, R. (2001). The Structure and Evolution of American Secondary Mortgage Markets, with Some Implications for Developing Markets. Housing Finance International, 16(1), 16-31.

TURKISH HOUSING LOAN MARKET AND SECONDARY MORTGAGE MARKET PERSPECTIVES

Year 2008, Volume: 8 Issue: 30, 177 - 184, 10.06.2008

Meltem Ulusan

https://doi.org/10.14783/maruoneri.679686

Abstract

Housing finance is a major issue for emerging economies. The approval of “Turkish Mortgage Law” paved the way for an efficient mortgage system in Turkey. However, the system should be supported by a comprehensive legal framework covering laws for foreclosure and title registration, the implementation of a strong secondary market mechanism and stable economy policies for the achievement. This paper begins with giving brief information regarding the key components of mortgage systems and then gives a detailed macro - economic evaluation of Turkish housing loan market, by considering the European Union. In the final section, some secondary market practices are introduced and possible perspectives for Turkey are discussed.

Keywords

Primary Mortgage Market Secondary Mortgage Market Housing Loans Covered Bonds Mortgage - Backed - Securities

References

  • [1] Lea, M. (2000). The Role of the Primary Mortgage Market in the Development of a Successful Secondary Mortgage Market. Washington, D.C.: Inter - American Development Bank, Sustainable Development Department Best Practices Series.
  • [2] Koçak, D. (2007). Konut Finansmanı Kanunu Öncesi ve Sonrası Mortgage. Türk Uzun Vadeli Konut Finansman Sisteminde Varlığa Dayalı Menkul Kıymetlerin Rolü. İstanbul: Beta Basım Yayım.
  • [3] Turkish Banking Association. Banking Regulation and Supervision Agency. (http://www.bddk.org.tr/). [14.05.2007] .
  • [4] Lea, M. (2006a). New Opportunities for Mortgage Finance in Turkey. Cardiff Consulting Services. Turkey Housing Finance Workshop, 29 June, İstanbul, 1-12.
  • [5] Turkish Banking Association. (http://www.tbb.org.tr/). [14.05.2007] ,
  • [6] Turkish Statistical Institute, (http://www.tuik.gov.tr/Start.do). [14.05.2007],
  • [7] European Mortgage Federation, (http://www.hypo.org/Content/Default.asp). [21.05.2007].
  • [8] EFAMA. (2006). Trends in the European Investment Fund Industry. EFAMA Quarterly Statistical Release. 28 (Fourth Quarter of 2006).
  • [9] The European Fund and Asset Management Association (EFAMA). (http://www.efama.org/). [21.05.2007].
  • [10] Turkish Treasury and Turkish Banking Association Turkish Treasury (http://www.hazine.gov.tr/). [14.05.2007].
  • [11] Govemment Planning Organization. (http://www.dpt.gov.tr/). [14.05.2007],
  • [12] Lea, M. (2006b). Developing Mortgage Capital Markets in Emerging Economies. 26th IUHF World Congress, Vancouver, September, 1-13.
  • [13] Mortgage Funding. (2005). Proceedings of Public Hearing on Mortgage Credit. Brussels, 7 December. (http://serviciodeestudios.bbva.com/TLBB/fbin/051207_Pr esentacionesEuropa_04_tcm268-108020.pdf). [24.12.07].
  • [14] Council of Mortgage Lenders, UK, (http://www.cml.org.uk/cml/home). [06.02.2007].
  • [15] Suârez, J.L. & Vassallo, A. (2004). European Mortgage Market: An Overvievv 1992 - 2003, IESE Business School, Working Paper No: 562. Also available at SSRN: (http://ssm. com/abstract=673249) [25.05.07].
  • [16] Aganval, S.; Chomsisengphet, S. & Hassler, O. (2005). The Impact of the 2001 Financial Crisis and the Economic Policy Responses on the Argentine Mortgage Market. Journal ofHousingEconomics, 14(3), 242-270.
  • [17] You, S.D. (2005). Korean Mortgage Markets: Transition to Securitizations. Housing Finance International, March, 27-34.
  • [18] Güven, U. (2007). A new and exciting joumey. - An interview - Mortgage Finance Gazette, European Supplement. (http://www.mfgonline.co.uk/ccstory/20726/ 180/A_new_and_excitingJoumey.htm). [22.05.07].
  • [19] Chiquier, L. (2004). Housing Finance for Lower - Income Groups, The World Bank, Housing Finance Business Group Financial Sector Operations and Policy Department. OECD Conference - Housing Finance in Transition Economies, December, 1-8.
  • [20] Küçükkocaoğlu, G. (2006). Bireysel Emeklilik Bağlantılı Konut Finansman Sistemi. Active - Bankacılık ve Finans Dergisi, 8(48), Mayıs - Haziran, 1-6. (http://www.makalem.com/Search/ArticleDetails.asp7nAR TICLE_id=4341). [25.05.07].
  • [21] Karakaş, C. & Özsan, O. (2004). Türkiye’de ve Doğu Avrupa Ülkelerinde İpoteğe Dayalı Menkul Kıymet Piyasalarının Durumu. Active - Bankacılık ve Finans Dergisi, (36), Mayıs - Haziran, 1-16. (http://www.makalem.com/Search/ArticleDetails.asp7nAR TICLE_id=3027). [22.05.07].
  • [22] Chiquier, L.; Hassler, O. & Lea, M. (2004). Mortgage Securities in Emerging Markets. Washington, D.C.: The World Bank, Financial Sector Operations and Policy Department, World Bank Policy Research Working Paper 3370.
  • [23] Van Order, R. (2001). The Structure and Evolution of American Secondary Mortgage Markets, with Some Implications for Developing Markets. Housing Finance International, 16(1), 16-31.
There are 23 citations in total.

Details

Primary Language English
Journal Section Eski Sayılar
Authors

Meltem Ulusan

Publication Date June 10, 2008
Published in Issue Year 2008 Volume: 8 Issue: 30

Cite

APA Ulusan, M. (2008). TURKISH HOUSING LOAN MARKET AND SECONDARY MORTGAGE MARKET PERSPECTIVES. Öneri Dergisi, 8(30), 177-184. https://doi.org/10.14783/maruoneri.679686

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Öneri

Marmara UniversityInstitute of Social Sciences

Göztepe Kampüsü Enstitüler Binası Kat:5 34722  Kadıköy/İstanbul

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