Mortgage Reform Under the Dodd-Frank Act

31 Pages Posted: 24 Sep 2014

Date Written: January 27, 2014


Many, if not most, accounts of the financial crisis of 2008 include a prominent role for the U.S. residential mortgage market. While other U.S. property markets, such as commercial and retail, exhibited similar boom and bust patterns, the elevated level of defaults and associated costs borne by the taxpayer have brought a particular emphasis on American single-family mortgage finance policies. It should be of little surprise that the Dodd-Frank Act contains multiple provisions related to mortgage finance. This paper offers a review of those provisions, followed by an evaluation of their likely impact and effectiveness.

Keywords: mortgage provisions, credit risk retention, asset-backed security, qualified residential mortgage, predatory lending, SAFE Act, mortgage availability,

JEL Classification: G21, G28, E5, E58,

Suggested Citation

Calabria, Mark A., Mortgage Reform Under the Dodd-Frank Act (January 27, 2014). Cato Institute Working Paper, January 2014, Available at SSRN: or

Mark A. Calabria (Contact Author)

Cato Institute ( email )

1000 Massachusetts Avenue, N.W.
Washington, DC 20001-5403
United States

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