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Please use this identifier to cite or link to this item: http://hdl.handle.net/2451/26128

Title: Mortgage Backed Securities: Another Way to Finance Housing
Authors: White, Lawrence
Keywords: mortgage-backed securities
residential mortgages
housing finance
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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