Financialization of housing and the right to adequate housing 2017, para. 20
Párrafo- Paragraph text
- Prior to the advent of mortgage-backed securities in the 1980s, the provision of credit for a housing purchase was generally an individualized contractual relationship between a single lender, usually a bank or a savings and loan institution, and a single creditor or homeowner. Mortgage-backed securities were promoted as a means of attracting additional lenders into the mortgage market by reducing the reliance on local financial institutions. They allowed for portfolios of mortgages to be bundled together, in order to distribute the risk more evenly among all of the mortgages, and sold to investors in the form of bonds or investment instruments on secondary bond markets. That created new conditions for global capital to be invested in housing finance.
- Condicón jurídica
- Non-negotiated soft law
- Organismo
- Special Rapporteur on adequate housing as a component of the right to an adequate standard of living
- Tipo de documento
- Special Procedures' report
- Medio de adopción
- N.A.
- Temas
- Governance & Rule of Law
- Personas afectadas
- N.A.
- Año
- 2017
- Tipo de párrafo
- Other
- Reference
- SR Housing, Report to the HRC (2017), A/HRC/34/51, para. 20.
- Paragraph number
- 20
ordenados por
Fecha de adición
83 conexiones, 83 Entidades