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The New Deal and the Origins of the Modern American Real Estate Loan Contract

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NBER2012-09-01 更新2025-01-04 收录
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The introduction of the direct reduction (fully-amortized) loan contract to the U.S. residential mortgage market is an important instance of financial innovation. We describe the adoption of this contract within the building and loan (B&L) industry beginning in the 1880s and culminating in the 1930s

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2012-09-01
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