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In this type of transaction, the financial institution becomes the legal owner of the property during the repayment duration of the mortgage.

Environmental and social risks associated with housing finance may include inappropriate development location, poor building design (including ability to withstand natural disasters) and inadequate construction as well as unresolved land tenure issues. Some of these risks can result in damage or loss of the property or in some cases injury and safety concerns for residents.

Environmental and social risks that may result in property damage and legal issues affect the financial standing of borrowers and their ability to repay the mortgage loan. For financial institutions focusing on housing finance, this represents a credit risk. There are also legal and reputational risks for the financial institution arising from ownership of properties in cases of land contamination or other environmental and social liabilities.

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