"This paper quantifies the scale and scope of the commercial real estate mortgage bond market in the period surrounding … the 1920s in an attempt to better understand the role of retail mortgage debt in early urban development. In particular … utilizes a unique data set to construct a commercial mortgage price index over the period 1926-1935. A substantial retail …

. Later chapters explore notable historical experiences with mortgage securitization and the role that federal policy played … throughout economic history. Were the underlying causes of housing and mortgage crises the same in earlier episodes? Has the … understanding recent events by examining how historical housing and mortgage markets worked—and how they sometimes failed. Renowned …