Mortgage Finance and Security of Collateral

Developing economies face a gigantic lack of financing for urbanization due to the absence of formal and transparent property markets. The paper discuss the interference between mortgage finance and collateral security by using the Danish mortgage financing model as an example, because of its 200 years long history, and because the system is recommended as an option in emerging markets and as a possible model for remedying failures in mature housing finance markets.
It is suggested that development policies in land administration need to be revised in order to support a widening of credit markets and effectively serve pro-poor policies.