The Market for Home Mortgage Credit: Recent Changes and Future Prospects

38 Pages Posted: 7 Jan 2008 Last revised: 14 Mar 2021

See all articles by Patric H. Hendershott

Patric H. Hendershott

University of Aberdeen - Centre for Property Research; National Bureau of Economic Research (NBER)

Date Written: December 1990

Abstract

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.

Suggested Citation

Hendershott, Patric H., The Market for Home Mortgage Credit: Recent Changes and Future Prospects (December 1990). NBER Working Paper No. w3548, Available at SSRN: https://ssrn.com/abstract=471526

Patric H. Hendershott (Contact Author)

University of Aberdeen - Centre for Property Research ( email )

Aberdeen AB24 2UF
Scotland

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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