The Market for Home Mortgage Credit: Recent Changes and Future Prospects
38 Pages Posted: 7 Jan 2008 Last revised: 14 Mar 2021
Date Written: December 1990
Three major changes occurred during the 1980s in the market for home mortgage credit; the securitization of fixed-rate mortgages, the development of a national primary market for adjustable-rate mortgages, and the decimation of the saving and loan industry. These changes and their impacts on various financial industries and homebuyers are the subjects of this paper. I also briefly speculate about likely future changes in this market.
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