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Buy custom How Mortgage Policies Affect the Wealth of a Nation

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Topic: Business
Number of pages / Number of words: 22 / 5953
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The TV commercial that blared, "Got a job, you're approved!" advertised car loans, but this was not too far from what mortgage lenders were touting. In 2003, 67 percent of American households owned their home.

How does homeownership affect a country's economy?

Peter Chinloy and John Benjamin, of American University explain how homeownership smooths out the national consumption cycle...


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In 2003, 67 percent of American households owned their home.

How does homeownership affect a country's economy?

Peter Chinloy and John Benjamin, of American University explain how homeownership smooths out the national consumption cycle. They claim this smoothing is done through many avenues. The secondary mortgage market allows lenders to keep funding mortgage loans even when interest rates decline during recessions due to lower demands for business loans...


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