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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/26128
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| Title: | Mortgage Backed Securities: Another Way to Finance Housing |
| Authors: | White, Lawrence |
| Keywords: | mortgage-backed securities
residential mortgages
housing finance
securitization |
| Issue Date: | 11-Aug-2004 |
| Series/Report no.: | EC-04-14 |
| Abstract: | The introduction of mortgage-backed securities (MBS) as a channel for
housing finance is a relatively recent event for the United States,
having occurred less than three-and-a-half decades ago. This paper
provides a brief overview of the MBS process in the U.S. The paper
places the MBS process in the larger contexts of finance in general and
housing finance in particular, discusses its special features and its
advantages and disadvantages, addresses its special infrastructure
requirements, and describes the historical and recent experiences in the U.S. |
| URI: | http://hdl.handle.net/2451/26128 |
| Appears in Collections: | Economics Working Papers
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