publication . Article . 2008

A Primer on the Mortgage Market and Mortgage Finance

Daniel J. McDonald; Daniel L. Thornton;
Open Access
  • Published: 01 Jan 2008 Journal: Review, volume 90
  • Publisher: Federal Reserve Bank of St. Louis
Abstract
This article is a primer on mortgage finance. It discusses the basics of the mortgage market and mortgage finance. In so doing, it provides useful information that can aid individuals in making better mortgage finance decisions. The discussion and the tools are presented within the context of mortgage finance; however, these same principles and tools can be applied to a wide range of financial decisions.
Subjects
free text keywords: Mortgages, Shared appreciation mortgage, Finance, business.industry, business, Economics, Mortgage insurance, Mortgage underwriting, Collateralized mortgage obligation, Financial system, Commercial mortgage-backed security, Expert systems for mortgages, Secondary mortgage market

Bernanke, Ben S. “The Housing Market and Subprime Lending.” Speech to the 2007 International Monetary Conference, Cape Town, South Africa, June 5, 2007; www.federalreserve.gov/boarddocs/ speeches/2007/20070605/default.htm.

Chomsisengphet, Souphala and Pennington-Cross, Anthony. “The Evolution of the Subprime Mortgage Market.” Federal Reserve Bank of St. Louis Review, January/February 2006, 88(1), pp. 31-56. [OpenAIRE]

Frame, W. Scott and White, Lawrence J. “Fussing and Fuming over Fannie and Freddie: How Much Smoke, How Much Fire?” Journal of Economic Perspectives, Spring 2005, 19(2), pp. 159-84.

Gerardi, Kristopher; Rosen, Harvey S. and Willen, Paul. “Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market.” CEPS Working Paper No. 141, Center for Economic Policy Studies, March 2007. [OpenAIRE]

Green, Richard K. and Wachter, Susan M. “The American Mortgage in Historical and International Context.” Journal of Economic Perspectives, Fall 2005, 19(4), pp. 93-114. [OpenAIRE]

Powered by OpenAIRE Research Graph
Any information missing or wrong?Report an Issue