ABSTRACT

Beginning with a theoretical analysis of housing finance in the context of housing markets and financial intermediation generally, the authors then analyse, drawing on international experience, each of the main types of housing finance system: informal, deposit taking, contract and mortgage bank. Various aspects of the market are covered using examples drawn from the UK and elsewhere, including the regulatory framework, contemporary developments and securitization and secondary markets. Critical public policy issues, such as housing and the real economy, and housing subsidies, are analysed in detail. Finally the authors examine the future for housing and the housing finance market.

part |2 pages

Part I Introduction

chapter 1|13 pages

Housing tenure and housing finance

part |2 pages

Part II Housing Finance Systems

chapter 3|12 pages

Informal housing finance

chapter 4|20 pages

The deposit-taking system

chapter 5|11 pages

The mortgage bank system

chapter 6|9 pages

The contract system and loan packages

part |2 pages

Part III The British Housing Finance Market

part |2 pages

Part IV Policy Issues

chapter 11|11 pages

Housing finance and the real economy

chapter 12|11 pages

Housing subsidies

part |2 pages

Part V The Future