The Evolution of U.S. Mortgage Securities: Lessons Learned Through Four Decades of Innovation (1970-2010)

Discover the Four Vital Decades That Defined U.S. Mortgage Securitization
When Congress created Ginnie Mae through the Housing and Urban Development Act of 1968, it ushered in the first mortgage-backed security, an innovation that expanded access to homeownership nationwide. What followed was a dynamic journey through shifting economic and social forces as the architects of securitization labored to perfect the machinery by which the local mortgage market could go national-but not without p...