Rise of securitization and mortgage finance in the United States (1980s–2007)

1. Depository deregulation expands adjustable-rate mortgages

   Oct 15, 1982Labels: Garn St, Adjustable-rate mortgages

   • Congress law
   • AMTPA

2. SMMEA boosts private-label MBS marketability

   Oct 3, 1984Labels: SMMEA, Private-label MBS

   • SMMEA

3. Tax Reform Act enables REMIC securitization vehicle

   Oct 22, 1986Labels: Tax Reform, REMIC

   • REMIC
   • Tax Reform 1986

4. FIRREA restructures thrift regulation after S&L crisis

   Aug 9, 1989Labels: FIRREA, Resolution Trust

   • FDIC timeline
   • FIRREA

5. Safety-and-soundness law creates OFHEO for GSEs

   Oct 28, 1992Labels: OFHEO, GSEs

   • FHEFSSA
   • GovInfo

6. HOEPA targets high-cost mortgage lending abuses

   Sep 23, 1994Labels: HOEPA, High-cost lending

   • Fed history
   • HOEPA

7. GLBA accelerates financial conglomeration trend

   Nov 12, 1999Labels: GLBA, Financial conglomerates

   • Fed history
   • GLBA

8. CFMA provides legal certainty for OTC derivatives

   Dec 21, 2000Labels: CFMA, OTC derivatives

   • CFMA

9. OFHEO finalizes stronger GSE safety-and-soundness rule

   Aug 22, 2002Labels: OFHEO rule, GSE supervision

   • FHFA release
   • FHEFSSA

10. SEC adopts CSE alternative net capital rule

    Aug 20, 2004Labels: SEC rule, CSE net

    • SEC release

11. OFHEO scrutiny exposes Fannie Mae accounting issues

    Dec 21, 2004Labels: OFHEO scrutiny, Fannie Mae

    • FHFA release
    • Congress hearing

12. ABX.HE index launches, enabling tradable subprime credit views

    Jan 19, 2006Labels: ABX HE, Credit derivatives

    • ABX index
    • Finextra

13. Case–Shiller home prices reach mid-2006 peak

    Jul 1, 2006Labels: Case Shiller, Home prices

    • Case Shiller

14. New Century bankruptcy signals 2007 securitization breakdown

    Apr 2, 2007Labels: New Century, Bankruptcy

    • Fed history
    • CNNMoney