The program takes a holistic view of housing finance and includes technical, managerial, and policy issues in international housing finance. Some of the specific topics that will be covered are:

• MODULE I: HOUSING MARKETS, HOUSING POLICY AND HOUSING FINANCE

   Housing and the Macro-economy

   Housing Markets and Policy

• MODULE II: INNOVATIONS AND REFORMS IN HOUSING FINANCE SYSTEMS

   Global Trends in Housing Finance System Development

   Developing Housing Finance Systems

• MODULE III: THE BUSINESS OF HOUSING FINANCE: PROFITABILITY AND RISK

   Managing Profitability and Risk

   The Global Liquidity Crisis

• MODULE IV: PRIMARY MORTGAGE MARKET INNOVATIONS FOR HOUSING; DEVELOPMENT FINANCE

   The Mortgage Instrument: Structure and Design

   Innovations in Loan Origination and Administration

   Policies to Protect Borrowers

   The U.S case and the Sub-Prime Crisis

   The Mexico Case Study

   The Canadian Case

   Developer/Construction Finance

• MODULE V: MULTIPLE WAYS TO ACCESS CAPITAL MARKETS FOR HOUSING FINANCE

   Overview

   Mortgage Bonds

   Securitization

   Islamic Lending

• MODULE VI: VALUATION OF MORTGAGES AND MORTGAGE INSTRUMENTS
• MODULE VII: SAFETY AND SOUNDNESS OF FINANCIAL INSTITUTIONS

   Real Estate Bubbles and Banking Crises

   The Safety Net in Theory and Practice

• MODULE VIII:EXTENDING MORTGAGE LENDING AND HOUSING SERVICES TO LOWER INCOME GROUPS

   Expanding Mortgage Finance and Housing Services

   Micro-finance for Housing

   Mortgage Insurance

   Rental Housing Policy

   Subsidizing Housing Finance