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A primer on the mortgage market and mortgage finance


  • Daniel J. McDonald
  • Daniel L. Thornton


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, issue Jan, pages 31-46.
  • Handle: RePEc:fip:fedlrv:y:2008:i:jan:p:31-46:n:v.90no.1

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    1. repec:fip:fedgsq:y:2007:i:june5 is not listed on IDEAS
    2. 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.
    3. 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.
    4. 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.
    5. Ben S. Bernanke, 2007. "The housing market and subprime lending," Speech 294, Board of Governors of the Federal Reserve System (U.S.).
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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, issue Nov, pages 569-584.
    2. Park, Kevin A., 2016. "FHA loan performance and adverse selection in mortgage insurance," Journal of Housing Economics, Elsevier, vol. 34(C), pages 82-97.

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