The Resource Stabilizing the System of Mortgage Finance in the United States
Stabilizing the System of Mortgage Finance in the United States
Resource Information
The item Stabilizing the System of Mortgage Finance in the United States represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Stabilizing the System of Mortgage Finance in the United States represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.
This item is available to borrow from 1 library branch.
- Summary
- It has been over a decade since the peak of house prices in the US was attained, and while there has been a concerted regulatory response to the subsequent collapse, the two Government Sponsored Enterprises (GSEs) remain in conservatorship. While this action served to forestall a deeper crisis at the time, over the past several years risks related to the system of mortgage finance can be seen building across several dimensions that need to be addressed. While reforms to the GSEs are an important part of dealing with these concerns, this paper argues that broader changes need to be made across the entire mortgage landscape to stabilize the system, even before the final state of the GSEs is fully determined
- Language
- eng
- Extent
- 1 online resource (32 pages)
- Contents
-
- Cover; Contents; I. Introduction; II. Introduction to Issues and Summary of Proposal; III. Simplifying the System of Mortgage Provision in the U.S; IV. Housing Policy, Financial Regulation and the Rise of Mortgage Banks; a. The Government Guarantee and Treatment on Bank Balance Sheets; b. Reps and Warrants; c. The CFPB, Servicing Costs and Federal Reserve Stress Tests; d. Leveling the Playing Field; V. Revamping Risk Transfer; VI. Conclusions: Looking Ahead; References; List of Figures; Figure 1: CoreLogic National House Price Index; Figure 2: Freddie Mac -- Fannie Mae Yield Gap
- Figure 14: Fully Loaded Service Operating Costs (per Loan) of Performing and Non- Performing LoansFigure 15: Total Mortgage Delinquencies; Figure 16: Share of Balances Serviced by Banks; Figure 17: Percentage (%) Ch Core Logic HPI & Days Supply; Figure 18: Federal Reserve Holdings of MBS; Figure 19: Homeownership Rate Under 35 Years Old
- Figure 3: Fannie Mae Share of Conventional Mortgage Securitized MarketFigure 4: GSE CMO Production; Figure 5: GSE Net Interest Income; Figure 6: GSE Net Income Before Tax; Figure 7: Revenue and Cost per Loan; Figure 8: FHA Share of Mortgage Production; Figure 9: Ginnie Mae Securitization Share; Figure 10: Share of Conventional Mortgage Production by Institution Type; Figure 11: Share of FHA Mortgage Production by Institution Type; Figure 12: Fannie Mae -Ginnie Mae Yield Gap; Figure 13: Evolution of Loan Characteristics
- Isbn
- 9781484315248
- Label
- Stabilizing the System of Mortgage Finance in the United States
- Title
- Stabilizing the System of Mortgage Finance in the United States
- Language
- eng
- Summary
- It has been over a decade since the peak of house prices in the US was attained, and while there has been a concerted regulatory response to the subsequent collapse, the two Government Sponsored Enterprises (GSEs) remain in conservatorship. While this action served to forestall a deeper crisis at the time, over the past several years risks related to the system of mortgage finance can be seen building across several dimensions that need to be addressed. While reforms to the GSEs are an important part of dealing with these concerns, this paper argues that broader changes need to be made across the entire mortgage landscape to stabilize the system, even before the final state of the GSEs is fully determined
- Cataloging source
- EBLCP
- http://bibfra.me/vocab/lite/collectionName
- IMF eLibrary
- http://library.link/vocab/creatorName
- Koss, Richard
- Index
- no index present
- Literary form
- non fiction
- Nature of contents
- dictionaries
- Series statement
- IMF Working Paper,
- http://library.link/vocab/subjectName
-
- Financial Regulation And Supervision
- Government Policy And Regulation
- Capital Markets
- Housing Demand
- Mortgages
- Label
- Stabilizing the System of Mortgage Finance in the United States
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
-
- Cover; Contents; I. Introduction; II. Introduction to Issues and Summary of Proposal; III. Simplifying the System of Mortgage Provision in the U.S; IV. Housing Policy, Financial Regulation and the Rise of Mortgage Banks; a. The Government Guarantee and Treatment on Bank Balance Sheets; b. Reps and Warrants; c. The CFPB, Servicing Costs and Federal Reserve Stress Tests; d. Leveling the Playing Field; V. Revamping Risk Transfer; VI. Conclusions: Looking Ahead; References; List of Figures; Figure 1: CoreLogic National House Price Index; Figure 2: Freddie Mac -- Fannie Mae Yield Gap
- Figure 14: Fully Loaded Service Operating Costs (per Loan) of Performing and Non- Performing LoansFigure 15: Total Mortgage Delinquencies; Figure 16: Share of Balances Serviced by Banks; Figure 17: Percentage (%) Ch Core Logic HPI & Days Supply; Figure 18: Federal Reserve Holdings of MBS; Figure 19: Homeownership Rate Under 35 Years Old
- Figure 3: Fannie Mae Share of Conventional Mortgage Securitized MarketFigure 4: GSE CMO Production; Figure 5: GSE Net Interest Income; Figure 6: GSE Net Income Before Tax; Figure 7: Revenue and Cost per Loan; Figure 8: FHA Share of Mortgage Production; Figure 9: Ginnie Mae Securitization Share; Figure 10: Share of Conventional Mortgage Production by Institution Type; Figure 11: Share of FHA Mortgage Production by Institution Type; Figure 12: Fannie Mae -Ginnie Mae Yield Gap; Figure 13: Evolution of Loan Characteristics
- Control code
- 1001374928
- Dimensions
- unknown
- Extent
- 1 online resource (32 pages)
- Form of item
- online
- Isbn
- 9781484315248
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781484312544.001
- Specific material designation
- remote
- System control number
-
- imfWPIEA2017186
- (IMF)WPIEA2017186
- (OCoLC)1001374928
- Label
- Stabilizing the System of Mortgage Finance in the United States
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
-
- Cover; Contents; I. Introduction; II. Introduction to Issues and Summary of Proposal; III. Simplifying the System of Mortgage Provision in the U.S; IV. Housing Policy, Financial Regulation and the Rise of Mortgage Banks; a. The Government Guarantee and Treatment on Bank Balance Sheets; b. Reps and Warrants; c. The CFPB, Servicing Costs and Federal Reserve Stress Tests; d. Leveling the Playing Field; V. Revamping Risk Transfer; VI. Conclusions: Looking Ahead; References; List of Figures; Figure 1: CoreLogic National House Price Index; Figure 2: Freddie Mac -- Fannie Mae Yield Gap
- Figure 14: Fully Loaded Service Operating Costs (per Loan) of Performing and Non- Performing LoansFigure 15: Total Mortgage Delinquencies; Figure 16: Share of Balances Serviced by Banks; Figure 17: Percentage (%) Ch Core Logic HPI & Days Supply; Figure 18: Federal Reserve Holdings of MBS; Figure 19: Homeownership Rate Under 35 Years Old
- Figure 3: Fannie Mae Share of Conventional Mortgage Securitized MarketFigure 4: GSE CMO Production; Figure 5: GSE Net Interest Income; Figure 6: GSE Net Income Before Tax; Figure 7: Revenue and Cost per Loan; Figure 8: FHA Share of Mortgage Production; Figure 9: Ginnie Mae Securitization Share; Figure 10: Share of Conventional Mortgage Production by Institution Type; Figure 11: Share of FHA Mortgage Production by Institution Type; Figure 12: Fannie Mae -Ginnie Mae Yield Gap; Figure 13: Evolution of Loan Characteristics
- Control code
- 1001374928
- Dimensions
- unknown
- Extent
- 1 online resource (32 pages)
- Form of item
- online
- Isbn
- 9781484315248
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781484312544.001
- Specific material designation
- remote
- System control number
-
- imfWPIEA2017186
- (IMF)WPIEA2017186
- (OCoLC)1001374928
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/Stabilizing-the-System-of-Mortgage-Finance-in-the/1wCTtoTNVNI/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/Stabilizing-the-System-of-Mortgage-Finance-in-the/1wCTtoTNVNI/">Stabilizing the System of Mortgage Finance in the United States</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
