Advertisement

Capitalization and Mortgage Revenue Bonds: Methodology, Empirical Evidence, and Policy Implications

  • J. Sa-Aadu
  • John D. Benjamin
  • C. F. Sirmans
Chapter
  • 38 Downloads
Part of the Current Issues in Real Estate and Economics book series (IREF, volume 2)

Abstract

An important part of the U. S. mortgage-origination system is creative or below-market financing. In recent years, the quantitatively dominant type of below-market financing has been mortgage loans financed by tax-exempt mortgage revenue bonds (MRBs). From 1975 through 1990, over $125 billion of these tax-exempt bonds were issued by state and local governments across the country, with the resulting funds used to provide mortgage financing, primarily to first-time buyers, at below-market interest rates.

Keywords

House Price Market Value Equivalent Premium Home Buyer Closing Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer Science+Business Media New York 1992

Authors and Affiliations

  • J. Sa-Aadu
  • John D. Benjamin
  • C. F. Sirmans

There are no affiliations available

Personalised recommendations