Safe as houses: designing a more stable mortgage

The New York Fed

In most developed countries mortgages make up the bulk of household debt, tying the fate of the financial system to that of the housing market, but policy-makers can be reticent when it comes to trying out innovative design ideas.

Efforts to improve the stability of the mortgage market often focus on shoring up banks' capital or limiting lending to riskier households. By contrast, a conference at the Federal Reserve Bank of New York in May this year pointed to the possibility of targeting the pr

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: