This chapter considers the structure of mortgage finance in the U.S., and its role in shaping patterns of homeownership … the design features of mortgage contracts that distinguish them from other loans, and that have important implications for … issues presented in the rest of the chapter. We then explain how mortgage finance interacts with public policy, particularly …

We explore the capital structure and governance of a mortgage-insuring securitization utility operating with government … for appropriate pricing and transfer of mortgage risks across the private sector and between the private sector and the … mortgage guarantee fee, whose size we find is most sensitive to the required capital ratio and the expected return on that …

this model are consistent with preserving the “to-be-announced,” or TBA, market – particularly if the fixed-rate mortgage … remains a focus of public policy. -- GSE ; MBS ; mortgage …

almost half of purchase mortgage originations were associated with investors. In part by apparently misreporting their …