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Chapter
| The Future of Housing Finance: Restructuring the U.S. Residential Mortgage Market
| 2011
Toward a Three-Tier Market for U.S. Home Mortgages
by
Robert C. Pozen
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Abstract
This chapter analyzes the various forms of federal programs to support home mortgages–both government-insured mortgages and privately issued mortgages purchased by Fannie Mae or Freddie Mac. It argues that there will be a third tier of home mortgages created by the provisions of the Dodd-Frank Act establishing special rules for qualified residential mortgages.
Keywords: Law;
Mortgages;