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<br /> The traditional<br /> Danish mortgage model<br /> Realkreditrådet<br /> Zieglers Gaard<br /> Nybrogade 12<br /> DK-1203 KØbenhavn K<br /> Telefon: +45 33 12 48 11<br /> Fax +45 33 32 90 17<br /> rkr@rkr.dk<br /> www.rkr.dk<br /> Contents<br /> 1 | The traditional Danish mortgage model........................................................................................................................Page 6<br /> 2| Mortgage loans finance real property purchases................................................................................................Page 11<br /> 3| Legislation breaks away from traditional mortgage model.......................................................................Page 15<br /> 4| Danish mortgage bonds – a very safe investment.............................................................................................Page 20<br /> 5 | Efficient Danish mortgage system despite financial crisis....................................<a title="The traditional Danish mortgage model.pdf page 1" href="http://viewer.zmags.com/publication/f46eccea?page=1"> The traditional Danish mortgage model R</a> <a title="The traditional Danish mortgage model.pdf page 2" href="http://viewer.zmags.com/publication/f46eccea?page=2"> Contents 1 | The traditional Danish mortgage </a> <a title="The traditional Danish mortgage model.pdf page 3" href="http://viewer.zmags.com/publication/f46eccea?page=3"> Foreword Denmark has the best mortgage system in</a> <a title="The traditional Danish mortgage model.pdf page 4" href="http://viewer.zmags.com/publication/f46eccea?page=4"> UNIQUEMORTGAGESYSTEM The Danish mortgage system i</a> <a title="The traditional Danish mortgage model.pdf page 5" href="http://viewer.zmags.com/publication/f46eccea?page=5"> Inpractice,therequirementmeansthatmortgagebanksha</a> <a title="The traditional Danish mortgage model.pdf page 6" href="http://viewer.zmags.com/publication/f46eccea?page=6"> 1|The traditional Danish mortgage model A m</a> <a title="The traditional Danish mortgage model.pdf page 7" href="http://viewer.zmags.com/publication/f46eccea?page=7"> 07 • Mortgage banks have only one source of fun</a> <a title="The traditional Danish mortgage model.pdf page 8" href="http://viewer.zmags.com/publication/f46eccea?page=8"> The mortgage system Loan </a> <a title="The traditional Danish mortgage model.pdf page 9" href="http://viewer.zmags.com/publication/f46eccea?page=9"> This principle ensures that borrowers benefit fro</a> <a title="The traditional Danish mortgage model.pdf page 10" href="http://viewer.zmags.com/publication/f46eccea?page=10"> Match between loan and underlying bonds Withmatc</a> <a title="The traditional Danish mortgage model.pdf page 11" href="http://viewer.zmags.com/publication/f46eccea?page=11"> 2|Mortgage loans finance property purchases </a> <a title="The traditional Danish mortgage model.pdf page 12" href="http://viewer.zmags.com/publication/f46eccea?page=12"> • Borrowers may prepay their loans on attractive</a> <a title="The traditional Danish mortgage model.pdf page 13" href="http://viewer.zmags.com/publication/f46eccea?page=13"> repayments payable throughout the term of the loa</a> <a title="The traditional Danish mortgage model.pdf page 14" href="http://viewer.zmags.com/publication/f46eccea?page=14"> A floating-rate loan may be prepaid in three ways</a> <a title="The traditional Danish mortgage model.pdf page 15" href="http://viewer.zmags.com/publication/f46eccea?page=15"> 3|Legislationbreaksawayfrom traditionalmor</a> <a title="The traditional Danish mortgage model.pdf page 16" href="http://viewer.zmags.com/publication/f46eccea?page=16"> • Mortgage banks and commercial banks must ensur</a> <a title="The traditional Danish mortgage model.pdf page 17" href="http://viewer.zmags.com/publication/f46eccea?page=17"> 17 Differences and similarities between covered </a> <a title="The traditional Danish mortgage model.pdf page 18" href="http://viewer.zmags.com/publication/f46eccea?page=18"> LTVLIMITTOBEOBSERVED ONACONTINUOUSBASIS The requi</a> <a title="The traditional Danish mortgage model.pdf page 19" href="http://viewer.zmags.com/publication/f46eccea?page=19"> 19 Supplementary security if property prices dec</a> <a title="The traditional Danish mortgage model.pdf page 20" href="http://viewer.zmags.com/publication/f46eccea?page=20"> 4|Danish mortgage bonds – a very safe invest</a> <a title="The traditional Danish mortgage model.pdf page 21" href="http://viewer.zmags.com/publication/f46eccea?page=21"> The high level of security and the ensuing high r</a> <a title="The traditional Danish mortgage model.pdf page 22" href="http://viewer.zmags.com/publication/f46eccea?page=22"> 5|EfficientDanishmortgage systemdespitefin</a> <a title="The traditional Danish mortgage model.pdf page 23" href="http://viewer.zmags.com/publication/f46eccea?page=23"> THEEUROPEANMARKETCAMETOAHALT In the beginning, Eu</a> <a title="The traditional Danish mortgage model.pdf page 24" href="http://viewer.zmags.com/publication/f46eccea?page=24"> THEDANISHMARKETPULLEDTHROUGH The Danish mortgage </a> <a title="The traditional Danish mortgage model.pdf page 25" href="http://viewer.zmags.com/publication/f46eccea?page=25"> 25 Mortgagelendingand recenteconomiccrises In </a> <a title="The traditional Danish mortgage model.pdf page 26" href="http://viewer.zmags.com/publication/f46eccea?page=26"> 6|Danish mortgage lending and financial stab</a> <a title="The traditional Danish mortgage model.pdf page 27" href="http://viewer.zmags.com/publication/f46eccea?page=27"> MORTGAGELENDINGCONTINUESDURINGCRISES Danish mortg</a> <a title="The traditional Danish mortgage model.pdf page 28" href="http://viewer.zmags.com/publication/f46eccea?page=28"> 7|200 years of Danish mortgage lending Danis</a> <a title="The traditional Danish mortgage model.pdf page 29" href="http://viewer.zmags.com/publication/f46eccea?page=29"> 1849 In the 1830s, the debate about more organise</a> <a title="The traditional Danish mortgage model.pdf page 30" href="http://viewer.zmags.com/publication/f46eccea?page=30"> 1989 In 1989, a new reform of the Danish mortgage</a> <a title="The traditional Danish mortgage model.pdf page 31" href="http://viewer.zmags.com/publication/f46eccea?page=31"> 31</a> <a title="The traditional Danish mortgage model.pdf page 32" href="http://viewer.zmags.com/publication/f46eccea?page=32"> Print:Jannerupoffseta/s•12/2009 Realkreditrådet </a>