tailieunhanh - Fixing the Housing Market

This volume is the second in our Wharton School Publishing– Milken Institute Series on Financial Innovation. It is dedicated to moving beyond the residential mortgage problems in recent years and looking ahead to new financial innovation solutions for fixing housing markets. From mortgage stones in antiquity to the Homestead Act, building societies, and the emergence of secondary markets in structured-finance products that enable greater access to rental and owner-occupied housing, the requirements for financially and environmentally sustainable buildings to house residential communities is an ongoing challenge. But this is an important objective because it provides an opportunity to create shelter access,. | FIXIN G ---THE-- HOUSING MARKET FINANCIAL INNOVATIONS FOR THE FUTURE F R A N K L I N A L L E N J A M E s R. B A R T H G L E NN Y A G o WHARTON SCHOOL PUBLISHING MILKEN INSTITUTE SERIES ON FINANCIAL INNOVATIONS Housing Innovations from Antiquity to the 2000s 1769 2650-2575 BC 400 BC 1700 Start of the Property mortgage Mortgages and First mortgage mortgage- 1797 mentioned at the personal loans institution funded covered bond First Danish beginning of the secured by real estate as an association Pfandbriefe mortgage bank Old Kingdom China were common Greece Denmark market Prussia Denmark 12700BC 1000BC 500BC 1600 1700 1750 1775 1797 J 1000 BC 1644 1775 First pawnshop Emergence of The first known mortgages China mortgage loan building society for industry during housing finance was Qing Dynasty China formed United Kingdom 1831 Oxford Provident Building Association established by immigrants. It was modeled on the British building societies. And it was the first savings 1836 Building Societies Act can be seen as the first comprehensive mortgage banking 1852 France established 1855 First building societies 1859 Building Societies Act 1862 First private mortgage bank Frankfurter 1897 State housing bank of Indonesia First Swedish mortgage institution Landshypotek established Sweden First Mortgage Credit Act passed and first mortgage-covered bonds Denmark First building societies established Australia Homestead Act United States First Mortgage Law Ley Hipotecaria passed Spain Loan Corporations Act passed .