| Original language | English |
|---|---|
| Title of host publication | International Encyclopedia of Housing and Home|Intern. Encyclopedia of Housing and Home |
| Place of Publication | Oxford |
| Publisher | Elsevier BV |
| Pages | 507-517 |
| Number of pages | 10 |
| Edition | 1 |
| Publication status | Published - 2012 |
Abstract
Governments intervene in mortgage markets, with a view to ensuring a stable flow of funds within the housing finance system. The degree and sophistication of intervention is shaped by the responses to economic booms and recessions that can be precipitated by wartime conflicts, banking crises, the structure and power of institutions and lobby groups, as well as regulatory guiding principles. As a result, regulation differs from market to market. The article looks at four generic types of housing finance systems and describes a taxonomy of six types of intervention in mortgage markets. Future mortgage regulation and intervention could well occur at a transnational level due to the increased significance and cointegration of foreign investors in domestic markets. © 2012 Copyright © 2012 Elsevier Ltd All rights reserved..
Keywords
- Contract savings system
- Deposit guarantees
- Housing finance institutions
- Housing finance systems
- Mortgage bond system
- Mortgage guarantees
- Mortgage intervention
- Mortgage intervention taxonomy
- Mortgage product specifications
- Mortgage regulation
- Mortgage regulation taxonomy
- Mortgage securitisation system
- Retail deposit system
