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The American mortgage system : crisis and reform

Author: Susan M Wachter; Marvin M Smith
Publisher: Philadelphia : University of Pennsylvania Press, ©2011.
Series: City in the twenty-first century book series.
Edition/Format:   Print book : English : 1st edView all editions and formats
Database:WorldCat
Summary:
Successful home ownership requires the availability of appropriate mortgage products. In the years leading up to the collapse of the housing market, home buyers frequently accepted mortgages that were not only wrong for them but catastrophic for the economy as a whole. When the housing market bubble burst, so did a cornerstone of the American dream for many families. Restoring the promise of this dream requires an  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Susan M Wachter; Marvin M Smith
ISBN: 9780812243512 081224351X
OCLC Number: 696092177
Description: vi, 392 pages : illustrations ; 24 cm.
Contents: The secondary market for housing finance in the United States : a brief overview / Ingrid Gould Ellen, John Napier Tye, and Mark A. Willis --
Reasonable people did disagree : optimism and pessimism about the U.S. housing market before the crash / Kristopher S. Gerardi, Christopher L. Foote, and Paul S. Willen --
Exploring the determinants of high-cost mortgages to homeowners in low-and moderate-income neighborhoods / Michael S. Barr, Jane K. Dokko, and Benjamin J. Keys --
Implications of the housing market bubble for sustainable homeownership / Paul S. Calem, Leonard Nakamura, and Susan M. Wachter --
A framework for consumer protection in home mortgage lending / Kathleen Engel and Thomas J. Fitzpatrick, IV --
A profile of the mortgage crisis in a low- and moderate-income community / Lynn Fisher, Lauren Lambie-Hanson, and Paul S. Willen --
Constructive credit : revisiting the performance of community reinvestment act during the subprime crisis / Carolina Reid and Elizabeth Laderman --
Navigating the housing downturn and financial crisis : home appreciation and equity accumulation among community reinvestment homeowners / Sarah F. Riley and Roberto G. Quercia --
The community reinvestment act : evaluating past performance and reviewing options for reform / Mark A. Willis --
Information failure and the U.S. mortgage crisis / Adam J. Levitin and Susan M. Wachter --
The expanding financial safety net : the Dodd-Frank act as an exercise in denial and cover-up / Edward J. Kane --
A private lender cooperative model for residential mortgage finance / Toni Dechario [and others] --
Improving U.S. housing finance through reform of Fannie Mae and Freddie Mac : a framework for evaluating alternatives / Ingrid Gould Ellen and Mark A. Willis --
Some thoughts on what to do with Fannie Mae and Freddie Mac / Robert Van Order --
The road not taken : our failure in redoing the financial architecture / Vincent Reinhart.
Series Title: City in the twenty-first century book series.
Responsibility: edited by Susan M. Wachter and Marvin M. Smith.

Abstract:

Leading economists and other housing market researchers examine key elements of the mortgage meltdown in this volume of original essays. More than a critique in hindsight, this volume offers  Read more...

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"The American Mortgage System is an important volume of research and critical writing on the U.S. mortgage crisis and on the future of the U.S. mortgage system. It should be on the bookshelf of those Read more...

 
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