This paper considers the case for mortgage covered bonds as an alternative to the originate-to-distribute mortgage … funding model. It argues that the economic incentives provided to market participants under the covered bonds model are less … mortgage loan quality in the United States - potentially reflecting borrower incentives under the personal bankruptcy framework …

analyzes the role of tax deductions in housing finance, including their impact on homeownership and housing consumption. The …This paper investigates the role of government intervention in achieving the American dream of homeownership. The study … role of the Government Sponsored Enterprises in facilitating the creation of a secondary market for mortgage …

growth of alleviating housing shortages by improving access to mortgage financing. …This paper argues that making affordable home mortgage loans available to a large cross section of the population will … serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing …

possible adjustment in the housing and mortgage markets. It presents a market-based indicator to show the market views on the …This report reviews the macroeconomic determinants of the rapid growth in the Spanish housing market, including various … policy elements. It examines the vulnerabilities of households' finances as a result of the rapid growth of housing prices …

Federal has successfully led a range of direct policy measures that have stimulated the development of the housing finance … market. The government improved the legal environment for mortgage finance by passing reforms that reduced the average time … to foreclosure from five years to two, by facilitating the reform of several state property registries and by …

mortgage covered bonds. From the issuer's perspective, these instruments have become an attractive funding source and a tool … mortgage portfolio. Our analysis also suggests that mortgage covered bonds could be of interest to other mature and emerging …The rapid mortgage credit growth experienced in recent years in mature and emerging countries has raised some stability …

decades accompanied by rising housing prices, prompting concerns about sustainability and the implications for financial … stability. The rise in household debt and the banking system’s increased exposure to mortgage debt resulted with the changes …

This paper reviews the Mexican experience with the securitization of residential mortgages. It highlights the key … legislative and institutional reforms leading to the development of primary and secondary mortgage markets and reports the main … outlook for the Mexican RMBS market and draws some lessons from the recent U.S. subprime mortgage market problems. …

This technical note presents a comparative analysis of the Danish Mortgage Market. It discusses the particularities of … the regulatory framework of the Danish mortgage system. The note compares and contrasts mortgage financing in Denmark and … evolutions, which could have potentially far-reaching consequences for the Danish mortgage system, are elaborated. The note also …

This paper discusses how financial innovation turned U.S. mortgages into an asset class with worldwide investor appeal … favorable global financing conditions to boost home ownership and acquire housing wealth. It reviews trends in labor supply and …