The implosion of the mortgage market during 2007-2008 raises fundamental questions about the American system of home financing, insurance, and bonding for housing. This article analyzes federal programs providing these housing insurance, and bonding in the broader context of U.S. housing policy. It specifically examines activities of the Federal Housing Administration (FHA), the Veterans’ Administration (VA) and the Government Sponsored Enterprises (GSE) managed. Rate it … Read more »

The implosion of the mortgage market during 2007-2008 raises fundamental questions about the American system of home financing, insurance, and bonding for housing. This article analyzes federal programs providing these housing insurance, and bonding in the broader context of U.S. housing policy. It specifically examines activities of the Federal Housing Administration (FHA), the Veterans’ Administration (VA) and the Government Sponsored Enterprises (GSE) managed. He checked and quantified public resources for these programs, the market value of federal insurance and credit guarantees and quantifies the critical importance of collateral in the federal system of housing subsidies. The article then considers in detail the activities of the FHA, which. On the historical development of its role as a supplier and guarantor of the loan He considers the reasons for such activities in the light of competition in the mortgage market, the recent failures in the market for housing credit and the provisions of the Housing and Economic Recovery Act of 2008. Moreover, could a revitalized FHA mortgage program to compare and benchmark for assessing predatory lending in the primary housing and mortgage market.
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Dwight M. Jaffee,
Michael Quigley
Source: California Management Review
28 pages.
Release Date: 1 November 2008. Prod #: CMR414-PDF-ENG
Mortgage Guarantee Programs and the Subprime Crisis HBR case solution

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