COUNTRY SURVEY - UKRAINE: The Ukrainian mortgage boom
The huge potential of the Ukrainian banking sector is evidenced by the fact that total lending in the country increased from about UAH90 million (E13.9 million) in January 2005 to UAH140 million in January 2006. Of this total, lending to individuals enjoyed the most rapid pace of growth, rising by 126 percent in 2005, while lending to corporates rose by 49 percent. According to the Ukrainian National Mortgage Association (UNMA), which has 26 members and represents most major bank lenders, it is the Ukrainian mortgage market which offers the greatest potential.

HOME EQUITY: US banks look at grey property market
US mortgage lenders are increasingly supplying house loans to people looking to unlock capital from their properties. However, the so-called reverse mortgages market is growing so quickly it is likely to hit federal limits, forcing the mortgage industry to suspend lending, says Charles Davis One of the hottest lending products in the US mortgage market these days capitalises on the enormous equity stakes many greying homeowners have built up in their residences.

Ginnie Mae's Second Wind?
With every week bringing a fresh wave of bad news about the collapse of the subprime mortgage market, one player that could benefit greatly from the distress is Ginnie Mae, which could potentially reverse years of declining new issuance as borrowers flee out of subprime back into the world of government-insured mortgages. Moody's Investors Service recently downgraded or put on negative ratings watch some 267 mortgage-backed securities originated last year and backed by subprime second-lien mortgage loans, marking the latest blow for a subprime market that has been floundering for months.

ABS West 2006 attendees discuss the future of the subprime sector
PHOENIX - While subprime lenders try to recoup losses from declining mortgage origination volume, corporate belt tightening and industry consolidation could impact loan performance, according to attendees at last week's ABS West 2006 conference here. The subprime lending industry - fueled by years of low interest rates and an accelerated pace of home price appreciation - has an infrastructure that most say is unsustainable during an environment that includes a rising federal funds borrowing rate, slowing home price appreciation and increased regulatory scrutiny.

Lenders flinch at sour aftertaste of subprime exuberance SASKIA SCHOLTES ON WALL STREET
As the subprime mortgage industry loses its shirt, it's becoming clearer that over the last few years, it also lost its head. Take for example, Joe Flipper (not his real name) in Irvington, New Jersey, and his lender, Infinity Home Mortgage Company. Last year, Mr Flipper owned three properties on the same street in Irvington, financed with four mortgages from Infinity totalling Dollars 838,000.

Getting up to speed on reverse mortgages
A reverse mortgage is a home loan that provides cash advances to a homeowner but does not require any certain repayment until the home is sold or the surviving homeowner dies or relocates. The funds from a reverse mortgage can be used for any purpose, including assisted living or nursing home costs. Reverse mortgage proceeds can also be used to repair home damages caused by storms. For a traditional mortgage or a home equity line of credit, a homeowner must have sufficient income and little or no debt to qualify and must make monthly mortgage payments.