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Savings and Loans and the Mortgage Markets

By: Robert C. Merton and Alberto Moel
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  • | Pages:8
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Abstract

Provides a brief overview of the history of the savings and loans, the savings and loans crisis of the 1980s and 1990s, and the creation of the mortgage markets in the United States. Also explains briefly the most common types of mortgage-backed securities available.

Keywords

History; Debt Securities; Markets; Mortgages; United States

Citation

Merton, Robert C., and Alberto Moel. "Savings and Loans and the Mortgage Markets." Harvard Business School Background Note 297-090, February 1997.

About The Author

Robert C. Merton

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