Mortgage Securitization and Credit Risk in International Emerging Markets

From: HUD USER News
 
Many delegations from other governments visit HUD each
year for briefings on the American experience in housing
policies and programs. Two new releases by HUD's Office
of Policy Development and Research focus on questions
asked by these visitors: What are the necessary
ingredients for a successful secondary mortgage market?
What's needed to effectively manage credit risk?
 
Mortgage Securitization - Lessons for Emerging Markets
explores the benefits of secondary mortgage markets to
countries with emerging residential markets. This report
examines how these markets are implemented and operated,
the regulatory and governmental environments that help
promote them, and the predictability and transparency
required to achieve a successful secondary mortgage
market. The effects of introducing secondary mortgage
markets in the U.S., Romania, Taiwan, and Guatemala are
described. The full report is available from HUD USER as
a free download at
 https://www.huduser.gov/portal/taxonomy/term/61.
 
The Measurement and Management of Mortgage Credit Risk
in the United States: Implications for Emerging Mortgage
Markets examines factors that contribute to effective
identification, measurement, management, and mitigation
of mortgage credit risk. Methods used by the U.S.
mortgage industry to assess and manage default risk are
reviewed in the report for their international
implications. The importance of transparency in
governmental actions and a functioning legal system that
recognizes and respects personal property rights is also
discussed. This report is available as a free download
from HUD USER at
 https://www.huduser.gov/portal/taxonomy/term/61.
 
--------------------------------------
Please contact us at:
HUD USER
P.O. Box 23268
Washington, DC 20026-3268
1-800-245-2691
1-800-927-7589 (TDD)
202-708-9981 (fax)
--------------------------------------
The HUD USER News eList keeps busy professionals in the
fields of housing and community development informed of
new research and resources available from the U.S.
Department of Housing and Urban Development's Office of
Policy Development and Research (PD&R). Periodically,
publication announcements and other useful information
will be sent via the eList. The HUD USER and Regulatory
Barriers Clearinghouses value your privacy; we do not
share our mailing lists with other groups, and you can
unsubscribe at any time.
 
You can search the eList archives
at https://www.huduser.gov/portal/elist/archive.html.
 
Why not share HUD USER's resources and information with
a colleague? Forward this email to associates who may be
interested in the housing research and data sets we have
to offer. Thanks!
 
To keep up with the latest HUD research and related
resources, you can also sign up for a free subscription
to our ResearchWorks newsletter (in either electronic or
print-based formats) by visiting https://www.huduser.gov/emaillists/subscr.html.
 
--------------------------------------
 
You were sent this HUD USER News update because
you expressed interest in receiving a weekly email to
stay informed of new HUD research and resources. If you
no longer wish to receive this email, please send an
email to hudusernews@huduser.gov with "unsubscribe"
as the SUBJECT.