of the Danish mortgage finance system and compare and contrast it to the U.S. system. We also note characteristics of the … Danish model that may be of interest as the United States considers further mortgage finance reform. In particular, the … borrowers the option to repurchase their mortgage at the market price, mitigating "lock-in" effects. Danish mortgage …

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 …