Page 433 - 2019 6th AFIS & ASMMA

▧ Housing loan insurance business
Support smooth origination of housing loans by private financial institutions
by providing insurance to private financial institutions that covers housing
loan losses due to unexpected events.

▧ Loan origination business (Policy-related loans including
loans for disaster recovery and urban development loans)
Support the following areas by originating loan by JHF
Japan 1) reconstruction of houses affected by the Great East Japan Earthquake
and other natural disasters
2) urban development projects and projects that facilitate the improvement
of urban functions and enhance disaster-resilience of houses
3) construction of rental houses for stable living for families with children
and the elderlies.
| COMPANY | ▧ Group credit life insurance business
Japan Housing Finance Agency
Provide security for borrowers of Flat 35 (Purchase Program) and JHF
originated loans by providing insurance and redeeming the outstanding
| President | housing loan.
Toshio Kato
▧ Promotion of quality houses
Promote quality houses by requiring conformity to the technical standards
» Vision for houses eligible for Flat 35 and JHF loans.
Under independent, transparent, and efficient management, we provide ▧ Management of legacy GHLC loans
various kinds of financial services to provide liquidity in the housing finance Conduct appropriate management of legacy GHLC loans that were
market, and thus contribute to the improvement of housing in our country transferred to JHF in 2007.
in pursuit of the creation of customer values.
▧ International business
Exchange information on financial instruments with our counterparts
around the globe and extend technical assistance if required.
» Main Business Session I

▧ Securitization support business (Provision of Flat 35)
Support origination of whole term fixed-rate mortgages by private financial
institutions under the following programs:
- Flat 35 (Purchase Program): JHF purchases whole term fixed-rate
mortgages from private financial institutions and securitizes them.
- Flat 35 (Guarantee Program): Private financial institutions securitize whole
term fixed-rate mortgages insured by JHF, and JHF guarantees timely
payment of interest and principal to MBS investors.

434 2019 6th AFIS & ASMMA Annual Meeting 435