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- Title
A Better Housing Finance System.
- Authors
Armstrong, Angus
- Abstract
The author calls on the need for a better housing finance system wherein real economic transactions are matched by funding with similar characteristics and long-term utility investment projects are funded by long term debt contracts. He argues that putting the needs of households at the center of the financial system requires reform of the retail and wholesale mortgage markets. The author also looks at the failures in the mortgage securitization markets and suggests the case for reform.
- Subjects
UNITED Kingdom; HOUSING finance; HOUSING; HOUSING market; MORTGAGE loans
- Publication
National Institute Economic Review, 2013, Vol 223, pF4
- ISSN
0027-9501
- Publication type
Opinion
- DOI
10.1177/002795011322300109