March 6, 2013
Since the ancient Greeks, financial innovation has enabled more people to own homes. Today, responsible financial innovation is the best tool available for rebooting crippled housing markets, improving their efficiency, and making housing more accessible. In this book, three leading experts explain why and cover everything decision-makers should know about housing finance.
The authors first clarify how housing financial products, services, and institutions evolved through the past two centuries, culminating in the era of securitization and the “mortgage meltdown.” Next, they assess housing finance systems in today’s mature economies, highlighting benefits and risks associated with each leading mortgage funding structure and product. They also assess housing finance in emerging economies such as Brazil, Russia, India, and China.
Building on these insights, the authors identify important financial innovations that can facilitate a more stable and sustainable financing system for housing – providing better shelter for more people, helping the industry recover, and creating thousands of new jobs.
The authors first clarify how housing financial products, services, and institutions evolved through the past two centuries, culminating in the era of securitization and the “mortgage meltdown.” Next, they assess housing finance systems in today’s mature economies, highlighting benefits and risks associated with each leading mortgage funding structure and product. They also assess housing finance in emerging economies such as Brazil, Russia, India, and China.
Building on these insights, the authors identify important financial innovations that can facilitate a more stable and sustainable financing system for housing – providing better shelter for more people, helping the industry recover, and creating thousands of new jobs.
