Intro -- Contents -- List of Figures -- Preface -- Housing Finance, Ideology, and the Rise of High-Risk Mortgage … Markets -- 1. U.S. Mortgage Market Development and Federal Policy to the Early 1990s -- 2. Mortgage Market Disparities and the … Dual Regulatory System in the Twentieth Century -- 3. The High-Risk Revolution -- 4. Mortgage Market Breakdown: The …

The U.S. mortgage market has experienced phenomenal change over the last 35 years. Most observers believe that the … for assessing the impact of changes in the mortgage market on individuals and households. Our analysis is based on an … of the relationship between housing spending and future income as a measure of the imperfectnessʺ of mortgage markets …