
Contents
-
-
-
-
-
The 1920s Boom The 1920s Boom
-
Mortgage Contracts Mortgage Contracts
-
Short-Term Balloon Loans Short-Term Balloon Loans
-
Building and Loan Share-Accumulation Contracts Building and Loan Share-Accumulation Contracts
-
The Proliferation of Second Mortgage Loans The Proliferation of Second Mortgage Loans
-
Mortgage Guarantees and Early Mortgage-Backed Securities Mortgage Guarantees and Early Mortgage-Backed Securities
-
-
The Beginnings of a Decline The Beginnings of a Decline
-
-
-
-
-
-
-
-
-
-
-
-
2 The Patchwork Mortgage Market in the 1920s
Get access-
Published:October 2013
Cite
Abstract
This chapter examines the rapid expansion of the mortgage market during the 1920s and identifies the weaknesses built into it that created problems for lenders and borrowers during the 1930s. Mortgage credit grew rapidly during the decade to finance the post-World War I housing boom of the 1920s. A variety of lenders, including building and loan associations, life insurance companies, savings banks, and commercial banks, offered a menu of mortgage contracts. The result was a patchwork mortgage market, consisting of several different types of first and second mortgages. The structure of each contract contributed to the wave of delinquencies during the 1930s, as many borrowers were required to refinance short-term balloon loans under difficult circumstances, while those with longer-term B&L contracts were required to make larger payments than expected. As a result, all of the common contracts of the 1920s became quite unpopular during the 1930s.
Sign in
Personal account
- Sign in with email/username & password
- Get email alerts
- Save searches
- Purchase content
- Activate your purchase/trial code
- Add your ORCID iD
Purchase
Our books are available by subscription or purchase to libraries and institutions.
Purchasing informationMonth: | Total Views: |
---|---|
April 2023 | 2 |
May 2023 | 2 |
October 2023 | 5 |
November 2023 | 2 |
January 2024 | 2 |
April 2024 | 1 |
August 2024 | 2 |
October 2024 | 2 |
February 2025 | 2 |
Get help with access
Institutional access
Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways:
IP based access
Typically, access is provided across an institutional network to a range of IP addresses. This authentication occurs automatically, and it is not possible to sign out of an IP authenticated account.
Sign in through your institution
Choose this option to get remote access when outside your institution. Shibboleth/Open Athens technology is used to provide single sign-on between your institution’s website and Oxford Academic.
If your institution is not listed or you cannot sign in to your institution’s website, please contact your librarian or administrator.
Sign in with a library card
Enter your library card number to sign in. If you cannot sign in, please contact your librarian.
Society Members
Society member access to a journal is achieved in one of the following ways:
Sign in through society site
Many societies offer single sign-on between the society website and Oxford Academic. If you see ‘Sign in through society site’ in the sign in pane within a journal:
If you do not have a society account or have forgotten your username or password, please contact your society.
Sign in using a personal account
Some societies use Oxford Academic personal accounts to provide access to their members. See below.
Personal account
A personal account can be used to get email alerts, save searches, purchase content, and activate subscriptions.
Some societies use Oxford Academic personal accounts to provide access to their members.
Viewing your signed in accounts
Click the account icon in the top right to:
Signed in but can't access content
Oxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian.
Institutional account management
For librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more.