property prices can have a decisive effect on consumption. The mortgage markets represent an important link between monetary … example, where the standard mortgage has a variable interest rate. Moreover, the example of the USA, where household decisions … mortgage market, the conclusion to be drawn is that measures which would limit the variety of products available should be …

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 …

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 …. Later chapters explore notable historical experiences with mortgage securitization and the role that federal policy played …