Resource information
This document describes the training
course for lawyers and judges in the Palestinian
Territories, which was designed as an introduction to
residential mortgage lending, and the use of mortgage
collateral. These materials begin with a technical
description of mortgage lending and mortgage collateral, the
purposes and content of mortgage law, and the general
conditions for development and expansion of residential
mortgage lending activity. This is followed by a discussion
of mortgage lending from the perspective of the financial
institutions that originate most loans, including the
process of making the loan and the economics of mortgage
lending. The sections on economics of mortgage lending
include the costs to the creditor, the risks faced by
residential mortgage creditors, how creditors determine
interest rates and other loan terms, and the effect of loan
terms on the ability of citizens to borrow. The discussion
of the economics of mortgage lending also focuses on recent
research showing how laws affecting creditors' rights
and court enforcement of creditors' rights may affect
the amount and terms of mortgage lending in a country. The
document includes a review and discussion of the current
mortgage law in the West Bank and Gaza, focusing on formal
requirements for creation of the mortgage and the procedures
for enforcing mortgage liens against real property. A
glossary of terms common to mortgage lending is included at
the end of these materials for convenience.
