TY  - JOUR
AU  - Hendershott,Patric H.
TI  - The Market for Home Mortgage Credit:  Recent Changes and Future Prospects
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3548
PY  - 1990
Y2  - December 1990
UR  - http://www.nber.org/papers/w3548
L1  - http://www.nber.org/papers/w3548.pdf
N1  - Author contact info:
Patric H. Hendershott
Fisher Hall
Ohio State University
2100 Neil Avenue
Columbus, OH 43210
Tel: 218/963-1393
Fax: 218/963-9484
E-Mail: hendershott.2@osu.edu
AB  - Three major changes occurred during the 1980s in the market for home mortgage credit; the securitization of fixed-rate mortgages, the development of a national primary market for adjustable-rate mortgages, and the decimation of the saving and loan industry. These changes and their impacts on various financial industries and homebuyers are the subjects of this paper. I also briefly speculate about likely future changes in this market.
ER  -