1. Introduction

   • James R. Barth
   • James D. Shilling

   EditorialNotes Pages: 115 - 118

2. The changing fortunes of FHA's Mutual Mortgage Insurance Fund and the legislative response

   • Patric H. Hendershott
   • James A. Waddell

   OriginalPaper Pages: 119 - 132

3. FHA reform: Balancing public purpose and financial soundness

   • John C. Weicher

   OriginalPaper Pages: 133 - 150

4. Pitfalls in using market prices to assess the financial condition of depository institutions

   • James R. Barth
   • Daniel E. Page
   • R. Dan Brumbaugh Jr.

   OriginalPaper Pages: 151 - 166

5. Housing and the mortgage securities markets: Review, outlook, and policy recommendations

   • Joseph Hu

   OriginalPaper Pages: 167 - 179

6. Taxpayer resistance, guarantee uncertainty, and housing finance subsidies

   • Douglas O. Cook
   • Lewis J. Spellman

   OriginalPaper Pages: 181 - 195

7. Microfoundations of a mortgage prepayment function

   • James R. Follain
   • Louis O. Scott
   • Tl Tyler Yang

   OriginalPaper Pages: 197 - 217

8. Determinants of the ARM share of national and regional lending

   • Frank E. Nothaft
   • George H. K. Wang

   OriginalPaper Pages: 219 - 234