Jump to ContentJump to Main Navigation
Housing and the Financial Crisis$
Users without a subscription are not able to see the full content.

Edward L. Glaeser and Todd Sinai

Print publication date: 2013

Print ISBN-13: 9780226030586

Published to Chicago Scholarship Online: January 2014

DOI: 10.7208/chicago/9780226030616.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use (for details see http://www.chicago.universitypressscholarship.com/page/privacy-policy).date: 18 June 2018

Mortgage Financing in the Housing Boom and Bust

Mortgage Financing in the Housing Boom and Bust

Chapter:
(p.143) 4 Mortgage Financing in the Housing Boom and Bust
Source:
Housing and the Financial Crisis
Author(s):

Benjamin J. Keys

Tomasz Piskorski

Amit Seru

Vikrant Vig

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226030616.003.0005

This chapter traces the rapid evolution of mortgage financing from boom to bust and explores two crucial questions surrounding the market's rise and fall. First, why did the lending boom occur in the size and form that it did? Second, why has the foreclosure crisis been both cataclysmic and heterogeneous across geography and loan types? The chapter is organized as follows. Section 4.2 presents a broad set of descriptive statistics and facts regarding the rise and fall of the subprime mortgage market. Section 4.3 addresses the question of why there was a lending boom of this sort. Section 4.4 discusses the “prolonged” foreclosure crisis that prompted a number of policy responses by the government. The chapter concludes with broad perspective on the future of mortgage finance and lessons learned from the last tumultuous decade.

Keywords:   mortgages, housing market, lending boom, foreclosure crisis, subprime mortgage market, mortgage finance

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.