A robust financial sector is the key for any country to have sustained long term growth. Within the financial sector housing finance is a fundamental pillar that supports development of the economy as housing and construction sectors are labor-intensive and have backward and forward linkages with more than forty industries. In most developed countries housing finance is one of the main drivers of the economy as in these countries percentage of housing loans to GDP is more than 50%; whereas in developing countries like Thailand it is about 15%.