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

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;

Citation:

Pozen, Robert C. "Toward a Three-Tier Market for U.S. Home Mortgages." Chap. 3 in The Future of Housing Finance: Restructuring the U.S. Residential Mortgage Market, edited by Martin Neil Baily, 26–65. Brookings Institution Press, 2011.