Factors influencing the development of secondary mortgage market in Kenya: With special emphasis on mortgage backed securities
Abstract
The primary objective of the study was to establish the factors influencing the
development of the mortgage backed securities in Kenyan market.
The researcher was prompted to under take this study since no direct research had been
done on this area.
In order to facilitate the study nine questionnaires were administered and all responded.
The results showed that there was urgent need to develop a secondary mortgage market in
Kenya. Most of the firms interviewed showed strong capital base which is prerequisite
for securitization. The high cost' of finance which is short term cannot support long term
investments therefore there is need for a long term sources of finance. The default rate is
at manageable level hence not a threat to securitization. The study further revealed that
the loan portfolio is adequate to support securitization.
Citation
Masters of business administrationSponsorhip
University of NairobiPublisher
school of Business, University of Nairobi