This chapter considers the structure of mortgage finance in the United States and its role in shaping patterns of … homeownership, the nature of the housing stock, and the organization of residential activity. We start by providing some background … on the design features of mortgage contracts that distinguish them from other loans and that have important implications …

more households partake in mortgage finance in their entry to homeownership, and (ii) financial intensity, in which … the Maltese islands, primarily via the mortgage market. This process is characterised by (i) financial extension, in which … households accumulate more debt in accessing the property market. In explaining this process, I claim, firstly, that mortgage …

Ten years after the mortgage crisis, the U.S. housing market has rebounded significantly with house prices now near the … peak achieved during the boom. Homeownership rates, on the other hand, have continued to decline. We reconcile the two … homeownership rates between 2007 and 2014. We further demonstrate that institutional investors contributed to the improvement in the …