The Measurement and Management of Mortgage Credit Risk in the United States: Implications for Emerging Mortgage Markets
AbstractThe housing finance system of the United States is a marvel in its size, scope, and efficiency. One key feature of the U.S. housing finance system is its integration into the broader financial markets, providing Americans with access to cheap sources of capital. As a result, Americans enjoy high-quality housing and high homeownership rates. Thus, housing finance is of central importance to two critical sectors of the national economy: one obvious—the housing industry— and the other less obvious—the larger financial system of the United States.
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Bibliographic InfoPaper provided by HUD USER, Economic Development in its series Economic Development Publications with number 39147.
Length: 61 pages
Date of creation: Jul 2007
Date of revision:
Find related papers by JEL classification:
- G00 - Financial Economics - - General - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-11-10 (All new papers)
- NEP-FMK-2007-11-10 (Financial Markets)
- NEP-URE-2007-11-10 (Urban & Real Estate Economics)
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