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A primer on the mortgage market and mortgage finance

Author

Listed:
  • Daniel J. McDonald
  • Daniel L. Thornton

Abstract

This article is a primer on mortgage finance. It discusses the basics of the mortgage market and mortgage finance. In so doing, it provides useful information that can aid individuals in making better mortgage finance decisions. The discussion and the tools are presented within the context of mortgage finance; however, these same principles and tools can be applied to a wide range of financial decisions.

Suggested Citation

  • Daniel J. McDonald & Daniel L. Thornton, 2008. "A primer on the mortgage market and mortgage finance," Review, Federal Reserve Bank of St. Louis, vol. 90(Jan), pages 31-46.
    • Handle: RePEc:fip:fedlrv:y:2008:i:jan:p:31-46:n:v.90no.1
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    File URL: https://files.stlouisfed.org/files/htdocs/publications/review/08/01/McDonald.pdf
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    References listed on IDEAS

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    1. repec:pri:cepsud:141rosen is not listed on IDEAS
    2. repec:fip:fedgsq:y:2007:i:june5 is not listed on IDEAS
    3. W. Scott Frame & Lawrence J. White, 2005. "Fussing and Fuming over Fannie and Freddie: How Much Smoke, How Much Fire?," Journal of Economic Perspectives, American Economic Association, vol. 19(2), pages 159-184, Spring.
    4. Richard K. Green & Susan M. Wachter, 2005. "The American Mortgage in Historical and International Context," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 93-114, Fall.
    5. Kristopher Gerardi & Harvey S. Rosen & Paul S. Willen, 2006. "Do households benefit from financial deregulation and innovation?: the case of the mortgage market," Public Policy Discussion Paper 06-6, Federal Reserve Bank of Boston.
    6. Kristopher S. Gerardi & Harvey S. Rosen & Paul S. Willen, 2006. "Do households benefit from financial deregulation and innovation?: the case of the mortgage market," Public Policy Discussion Paper 06-6, Federal Reserve Bank of Boston.
    7. Ben S. Bernanke, 2007. "The housing market and subprime lending," Speech 294, Board of Governors of the Federal Reserve System (U.S.).
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. David C. Wheelock, 2008. "Changing the rules: state mortgage foreclosure moratoria during the Great Depression," Review, Federal Reserve Bank of St. Louis, vol. 90(Nov), pages 569-584.
    2. Fabian Lindner, 2014. "The Interaction of Mortgage Credit and Housing Prices in the US," IMK Working Paper 133-2014, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    3. Sheng Guo, 2022. "What Did Homeowners Do with Home Equity Borrowing? Contemporaneous and Long‐Term Effects," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(8), pages 2445-2475, December.
    4. Park, Kevin A., 2016. "FHA loan performance and adverse selection in mortgage insurance," Journal of Housing Economics, Elsevier, vol. 34(C), pages 82-97.
    5. Liu, Lu, 2023. "Mortgage loan and housing market," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 736-749.
    6. Ranisavljević Duško & Hadžić Miroljub, 2016. "Realistic Evaluation of the Ratio: Loan-To-value – The Key to Minimising the Credit Risk," Economic Themes, Sciendo, vol. 54(3), pages 449-468, September.
    7. , Aisdl, 2019. "Developing a sustainable financing model for SMEs during the organizational life cycle in Uganda," OSF Preprints 2s8k9, Center for Open Science.
    8. repec:imk:wpaper:133-2013 is not listed on IDEAS

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    Keywords

    Mortgages;

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