A system designed for purpose
Every mortgage market is patchwork. Rules, products, and features exist because of past events, a crisis, a policy choice, or a market failure. The result is a structure that reflects history more than design. That doesn’t make it bad, but it does mean we carry baggage that limits what the system could be.

Around the world, mortgage markets are defined by their history

The U.S. introduced the 30-year fixed-rate mortgage during the Great Depression, as a policy response to stabilize households and lenders in the face of mass foreclosures. In Israel during the 1980s, hyperinflation gave birth to details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com