The phrase "a mortgage system" is correct and usable in written English.
You can use it when discussing the framework or structure that governs mortgage lending and borrowing practices.
Example: "The new regulations aim to improve transparency and efficiency within a mortgage system."
Alternatives: "a home loan framework" or "a lending structure for mortgages."
In the end, we can have a government-dominated mortgage system, with the risks inherent in that — risks that we saw in the need to bail out Fannie and Freddie.
We had and have a much more stable mortgage system in this country, not without faults in the provision of loans to people with a high risk of defaults in a downturn, but these are a much smaller percentage of the overall market and under normal wholesale funding conditions any losses could have been absorbed by the banks with limited effects to profit margins.
Measured yet timely and by turns provocative, The American Mortgage System provides a careful assessment of a troubled but indispensable part of the economic and social structure of the United States.
If government is to play a role in insuring the mortgage system against catastrophe, they believe it will require a new type of public-private partnership, in which the private sector prices the risk but insures only a portion itself, with the government covering the rest as a silent partner and receiving the corresponding premiums.
As senators mark up legislation next week that would wind down Fannie and Freddie, expect great hue and cry about whether an overhaul of the mortgage system would make homeownership less affordable.
The first is a comparison of America's mortgage system with those of other countries.
In its report, the panel criticized as "premature" a statement by a Treasury official, Phyllis Caldwell, that there was "no indication" the foreclosure crisis presented a threat to the entire mortgage system.
Their system was designed to be counter-cyclical - so they were obliged to hold more capital than banks in the Anglo-Saxon system, and the mortgage system forces a lot of the risk onto the homebuyer.
Compellingly odd: An interactive timeline tracing the origins and development of our modern mortgage system and a touchable feature on building materials.
The intuition is that low bankruptcy rates and low welfare are the outcome of an institutional design characterised by the low efficiency and low creditor protection of the bankruptcy system relative to those of an alternative insolvency institution, the mortgage system.
