A HISTORICAL REVIEW OF BRAZIL’S MORTGAGE REGULATION, FINANCIAL INSTITUTIONS AND HOUSING MARKET 1998 TROUGH 2008
RRSS 2013 No.5 - Romanian Review of Social Sciences
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Authors:
• Rita Yi Man Li, Hoi Ying Lam -
Keywords: Brazil, mortgage, housing finance, law
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Abstract:
Home purchase often involves a huge sum of money. It is quite often that we need to rely on the banks and other financial institutions to provide monetary support. At the same time, many commercial banks earn a huge sum of money via mortgage services. The high inflation rate in Brazil, however, leads to a high transaction costs in mortgage market. This paper firstly reviews themortgage system in Brazil, including the relevant laws and policies. Followedby a detail analysis on factors which affect the mortgage system such as inflation rates, number of housing units transactions and amount of money.