Abstract
This research aimed at outlining a proper mortgage practice system in Egypt. Theinstitutional and regulatory structures of two mortgage systems, the U.S. and theMalaysian, were examined through an extensive literature survey. Data on the currentEgyptian mortgage practice was compared to both practices. The results identifiedseveral limitations in Egyptian mortgage practice: inefficient procedures of propertyregistration; absence of an efficient mortgage secondary market; relatively highmortgage lending rate; non existence of various types of mortgage instruments; andlack of credit enhancement tools. Several recommendations are offered for improvingthe existing Egyptian mortgage practice: realizing a proper secondary market,establishing efficient credit enhancement tools, and lowering the mortgage lendingrate.
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