United States: Selected Issues

July 7, 2015

Preview Citation

Format: Chicago

United States: Selected Issues, (USA: International Monetary Fund, 2015) accessed November 23, 2024

Summary

This Selected Issues paper analyzes the current state of housing finance in the United States. Although a number of important steps have been taken to address the structural weaknesses exposed by the crisis in mortgage markets, comprehensive housing finance reform remains the largest piece of unfinished business. Mortgage markets, even eight years after the start of the crisis, continue to function with extensive government support. Reform of the government-sponsored enterprises, which remain in conservatorship, has stalled—generating uncertainty and complicating other policy initiatives. However, there has been progress in building other components for a well-functioning housing finance system.

Subject: Financial institutions, Financial services, Housing, Insurance companies, Loans, Mortgages, National accounts, Securitization

Keywords: CR, Credit risk, Eligibility requirements, Finance, Fixed-rate mortgage, Global, GSE, GSE dominance, GSE liability, Housing, Insurance companies, Interest rate, ISCR, Loan originator compensation requirement, Loans, Mortgage, Mortgage market, Mortgages, Power Fannie Mae, Prepayment risk, Private sector, Risk retention rule, Securitization, Securitization platform

Publication Details

Pages:

16
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/169
Stock No:

1USAEA2015005
ISBN:

9781513514307
ISSN:

1934-7685

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