IDEAS home Printed from https://ideas.repec.org/a/fip/fedfcr/y2006p1-16nv.2no.1.html
   My bibliography  Save this article

Securitization and community lending: a framework and some lessons from the experience in the U.S. mortgage market

Author

Listed:
  • Robert Van Order

Abstract

This article provides a framework for analyzing the development of securitization as a vehicle for funding community economic development loans. Broadly speaking, there are two models for funding assets: (2) the portfolio lender model, which typically involves banks or other intermediaries originating and holding the loans and funding them mainly with debt, most often deposits; and (2) the securitization model, which involves tapping bond markets for funds, for instance, by pooling loans and selling shares in the pools. The focus here is on broad issues of when securitization is likely to be the more economic form of funding, some specifics of how the funding might be structured, and an analysis of the experience in the U.S. mortgage market.

Suggested Citation

  • Robert Van Order, 2006. "Securitization and community lending: a framework and some lessons from the experience in the U.S. mortgage market," Community Development Innovation Review, Federal Reserve Bank of San Francisco, issue 1, pages 1-16.
    • Handle: RePEc:fip:fedfcr:y:2006:p:1-16:n:v.2no.1
    as

    Download full text from publisher

    File URL: https://www.frbsf.org/wp-content/uploads/sites/3/cdireviewvol2issue12006.pdf
    File Function: Full Text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Asset-backed financing; Mortgage loans;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedfcr:y:2006:p:1-16:n:v.2no.1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Federal Reserve Bank of San Francisco Research Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbsfus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.