The Future Of Housing Finance
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Author | : Martin Neil Baily |
Publisher | : Brookings Institution Press |
Total Pages | : 225 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : 0815722087 |
"Evaluates the options open to policymakers as they reassess the federal government's role in the U.S. residential mortgage market and consider a new system that reduces risk in mortgage lending, maintains a limited government role, and gradually removes the government-sponsored enterprises (Fannie Mae and Freddie Mac) from the mortgage market"--Provided by publisher.
Author | : Dan Immergluck |
Publisher | : Rowman & Littlefield |
Total Pages | : 201 |
Release | : 2015-08-20 |
Genre | : Political Science |
ISBN | : 1442253142 |
The great U.S. mortgage crisis was a transformative event that will reverberate for decades across families, neighborhoods, and cities. After years of research on various aspects of the crisis, Dan Immergluck examines what went wrong, identifying the factors that created the fragile housing finance system, which provided fertile ground for calamity. He also examines the federal response to the crisis, including who benefitted most from the response, and how a more effective and fair response could have been formulated. To reduce the incidence of future crises, Immergluck provides a pathway for building a more stable and fair housing finance system that would be less vulnerable to the booms and busts of global finance. Housing finance helps determine access to stable, decent-quality, affordable housing and also affects the geography of housing and educational opportunities. Thus, housing markets shape our communities, our neighborhoods, and our social and economic opportunities. Immergluck’s analysis and formulation of a way forward will be of particular interest to those concerned with urban form, neighborhood change and stability, and urban planning and policy, as well as those interested in housing and mortgage markets more generally.
Author | : Franklin Allen |
Publisher | : Pearson Prentice Hall |
Total Pages | : 214 |
Release | : 2012 |
Genre | : Business & Economics |
ISBN | : 0137011601 |
Explains the financial history leading to the mortgage meltdown and assesses today's housing finance systems in the United States and abroad.
Author | : Pamela Penling Lee |
Publisher | : |
Total Pages | : 114 |
Release | : 2012 |
Genre | : City planning |
ISBN | : |
Author | : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises |
Publisher | : |
Total Pages | : |
Release | : 2010 |
Genre | : |
ISBN | : |
Author | : United States. Congress |
Publisher | : Createspace Independent Publishing Platform |
Total Pages | : 482 |
Release | : 2017-12-20 |
Genre | : |
ISBN | : 9781981863129 |
The future of housing finance : a review of proposals to address market structure and transition : hearing before the Committee on Financial Services, U.S. House of Representatives, One Hundred Eleventh Congress, second session, September 29, 2010.
Author | : United States House of Representatives |
Publisher | : |
Total Pages | : 118 |
Release | : 2019-09-29 |
Genre | : |
ISBN | : 9781696159579 |
The future of housing finance: the role of private mortgage insurance: hearing before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises of the Committee on Financial Services, U.S. House of Representatives, One Hundred Eleventh Congress, second session, July 29, 2010.
Author | : Adam J. Levitin |
Publisher | : Harvard University Press |
Total Pages | : 401 |
Release | : 2020-06-09 |
Genre | : Business & Economics |
ISBN | : 0674979656 |
The definitive account of the housing bubble that caused the Great Recession—and earned Wall Street fantastic profits. The American housing bubble of the 2000s caused the worst global financial crisis since the Great Depression. In this definitive account, Adam Levitin and Susan Wachter pinpoint its source: the shift in mortgage financing from securitization by Fannie Mae and Freddie Mac to “private-label securitization” by Wall Street banks. This change set off a race to the bottom in mortgage underwriting standards, as banks competed in laxity to gain market share. The Great American Housing Bubble tells the story of the transformation of mortgage lending from a dysfunctional, local affair, featuring short-term, interest-only “bullet” loans, to a robust, national market based around the thirty-year fixed-rate mortgage, a uniquely American innovation that served as the foundation for the middle class. Levitin and Wachter show how Fannie and Freddie’s market power kept risk in check until 2003, when mortgage financing shifted sharply to private-label securitization, as lenders looked for a way to sustain lending volume following an unprecedented refinancing wave. Private-label securitization brought a return of bullet loans, which had lower initial payments—enabling borrowers to borrow more—but much greater back-loaded risks. These loans produced a vast oversupply of underpriced mortgage finance that drove up home prices unsustainably. When the bubble burst, it set off a destructive downward spiral of home prices and foreclosures. Levitin and Wachter propose a rebuild of the housing finance system that ensures the widespread availability of the thirty-year fixed-rate mortgage, while preventing underwriting competition and shifting risk away from the public to private investors.
Author | : United States Congress |
Publisher | : Createspace Independent Publishing Platform |
Total Pages | : 88 |
Release | : 2017-10-09 |
Genre | : |
ISBN | : 9781978104907 |
The future of housing finance: a progress update on the GSEs : hearing before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises of the Committee on Financial Services, U.S. House of Representatives, One Hundred Eleventh Congress, second session, September 15, 2010.
Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs |
Publisher | : |
Total Pages | : 208 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : |