PPD 227 Lecture Notes - Lecture 19: Savings And Loan Association, Government National Mortgage Association, Savings And Loan Crisis

• School: USC
• Department: Policy, Planning, and Development
• Course: PPD 227
• Professor: Alan Kreditor

Document Summary

!0/26/15: housing market: social housing in other countries, housing produced by the public sector, council houses, public housing, socialist ideology. Safe, no crime or fire hazards, healthful, open space, light and air, contain services required in neighborhood, schools, shopping: interest, debate, and by the public center. First wave public policy: great depression, housing market. Entertain them, create incentives, reduce prices, reduce cost of upgrades, Companies can reduce prices, markets are very sensitive, Housing is necessity and voluntary investment, biggest purchase a household can make, Developing a stable mortgage market: insuring savings, fdic. For savers, banks are better to save money: fslic. Federal savings and loan corporation: insuring mortgages, fha. Banks lent money: creating mortgage supply, generating money, buy out mortgages held by banks to increase cash supply, Fnma, later joined by fhlmc and gnma. Rental housing seems to dominate, affordability index. Providing safe and sanitary housing, reducing risk.