38650-012: A Study on the Development of an Agency to Facilitate Issuance of Residential Mortgage-Backed Securities

Project Data Sheet (PDS): Overview


The purpose of the TA is to develop a mechanism for issuance of "true sale" residential mortgage backed securities (RMBS) for providing matched funding to both bank and non-bank institutions to ensure sustainability of important delivery channels, including those that specialize in low value, high volume lending segments, trough setting up of a credit enhancement agency along similar lines as Fannie Mae in the US. Read More

Country India
Borrower/Equity Investment Name
Project Number 38650-012
Type or Modality of Assistance TA
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 4569
Approval Date 25 Feb 2005
Geographical Location India
Sector Finance
Subsector Housing finance


Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

View the latest procurement notices for Goods, Works and Related Services, or Consulting Services.