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Major Developments in Residential Mortgage and Housing Markets Since the Hunt Commission
Author(s) -
Seiders David F.
Publication year - 1980
Publication title -
real estate economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.064
H-Index - 61
eISSN - 1540-6229
pISSN - 1080-8620
DOI - 10.1111/1540-6229.00203
Subject(s) - commission , collateralized mortgage obligation , context (archaeology) , secondary mortgage market , inflation (cosmology) , economics , mortgage insurance , commercial mortgage backed security , shared appreciation mortgage , finance , business , geography , physics , archaeology , casualty insurance , theoretical physics , insurance policy
A number of important changes have been made to the mortgage finance system since the Hunt Commission filed its report, and the economic environment has been altered substantially. This paper examines shifts in the relative importance of public and private institutions in the residential mortgage markets during the past decade, within the context of Hunt Commission recommendations. Changes in the cyclical sensitivity of mortgage and housing activity, and the implications of rapid inflation for the growth of these markets, also are considered.