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.
Publication Year: 2012
Publication Date: 2012-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 2
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