The quarterly journal of the International Union for Housing Finance. It discusses mortgage risk management in Rwanda, mortgage market in Ghana the past and the future, pro-poor housing: an idea whose time has come, mortgage banking development in the Slovak republic, financial crisis and asset disposition, and the ecological way of building. This paper presents a straightforward analysis of selected risk management procedures at a sample of seven Rwandan commercial banks in order to provide a basic understanding of contemporary mortgage financial risk management in Rwanda. The paper begins with a quick review of the status and recent developments in Rwanda’s housing finance and capital markets as of early 2009.