attention is paid to the challenges that the real estate market and mortgage loans have been facing during the crisis caused by …

Introduction: In praise of homeownership -- Housing finance before the New Deal -- The New Deal mortgage -- The rise of … definitive account, Adam Levitin and Susan Wachter pinpoint its source: the shift in mortgage financing from securitization by … in mortgage underwriting standards, as banks competed in laxity to gain market share. The Great American Housing Bubble …

mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using …