Özet:

Housing finance is one of the most important problems of the developing countries. In the developed countries, long termed mortgage backed securities are the base of the housing finance system. Certainly, to be able to work the system effectively, it is essential to having some complementary financial institutions and long termed economic stability. Because it is a governmental institution, in short term, Housing Development Administration could play an essential role and could provide very significant contributions to housing finance in Turkey. But Housing Development Administration’s existing policies is far away from that point. Housing Development Administration’s existing finance policies, ignoring the other factors, only aim to increase the house reserves. That’s why, constantly it cause new problems, in contrary to bringing efficient solutions. It is considered that, issuing the mortgage backed securities derived from mortgage credits portfolio of the Housing Development Administration will provide a great contribution to housing finance problem in Turkey.

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