The chattel mortgage acts first arose in the southern mainland English-American colony of Virginia in 1643. Other … colonies followed suit over the next 100 years. The function of the earliest chattel mortgage acts was not to legalize the …. Legislatures did not pass these colonial chattel mortgage acts to legalize an otherwise fraudulent transaction because reported …

Recent research in economic history has found that mortgage debt in relation to GDP has taken off in the historical … long run ("great mortgaging"), as growing banking assets have been redirected into mortgage credit. This paper maps the …-income securities. A parallel shift to secondary mortgage bonds has hardly offset this decline, while direct real estate remained …