Reports and articles
Publication on the traditional Danish mortgage model
The Association of Danish Mortgage Banks has now released the publication: "The traditional Danish mortgage model". The publication describes the principles of the Danish mortgage model. It also describes the recent changes to the Danish legislation on covered bonds, and the reasons why the financial crises did not lead to any serious consequences for neither Danish mortgage banks nor lenders of mortgage loans.
Reforming Housing Finance: Perspectives from Denmark
This paper investigates the effect of adding a distinct feature of the Danish mortgage market to the market in the United States. This feature, a buyback option, enables mortgagors to buy back their share of the mortgage-backed security at market price. Mr. Soeren Willemann was Ph.D. student at ScanRate Financial Systems and Aarhus School of Business and Mr. Mikkel Svenstrup was senior analyst at ScanRate Financial Systems at the time, when the article was produced.
The Danish Mortgage market
As housing finance evolves, are there reasons to follow the Danish model? This is a case study of one of the world’s most sophisticated housing finance markets, the Danish mortgage market. The article highlights some key differences between the Danish and US mortgage markets. It is published in BIS Quarterly Review, March 2004.
The Danish Mortgage Market—A Comparative Analysis
The Danish mortgage system is among the most sophisticated housing finance
markets in the world and presents some unique characteristics. This is stated in a publication from IMF from March 2007.
Danish Mortgage Bonds (Realkreditobligationer): Highly Secure Financial Instruments
Moody writes in May 2002 that the Danish mortgage bonds are very strong and very low-risk financial instruments.
