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Rose MCM cover
Money and Capital Markets: Financial Institutions and Instruments in a Global Marketplace, 8/e
Peter Rose, Texas A & M University
The Residential Mortgage Market

Chapter Objectives


You will discover how the largest of all domestic financial markets in the United States—the residential mortgage market—functions in order to supply credit to build and buy homes, apartments, and other dwellings.

You will learn about the problems faced by individuals and families in finding credit to finance the purchase of their homes.

You will come to understand the problems faced by lenders of residential mortgage money in designing new loan contracts that will protect them against inflation and other risks.

You will discover what important jobs are performed by the federal government agencies and government-sponsored mortgage firms, such as Fannie Mae (FNMA) and Ginnie Mae (GNMA), in supporting the development of the market for mortgage loans.




McGraw-Hill/Irwin




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