Major Developments in Residential Mortgage and Housing Markets Since the Hunt Commission
考察了亨特委员会报告后十年间住宅抵押贷款市场中公共与私人机构相对重要性的变化,并分析了抵押贷款和住房活动的周期敏感性变化及快速通胀对市场增长的影响。
A number of important changes have been made to the mortgage finance system since the Hunt Commission filed its report, and the economic environment has been altered substantially. This paper examines shifts in the relative importance of public and private institutions in the residential mortgage markets during the past decade, within the context of Hunt Commission recommendations. Changes in the cyclical sensitivity of mortgage and housing activity, and the implications of rapid inflation for the growth of these markets, also are considered.