'The Danish mortgage market'

The Danish version of covered bonds is rather unique and has attracted the attention of George Soros as a potential solution for mortgage financing in the U.S.  This case study from the Bank for International Settlements (BIS) offers a deep dive into this sophisticated mortgage finance market.  The Danish system matches the best of the U.S. system in that its mortgage contracts deliver 30-year fixed rate with an option to make penalty-free prepayments. 

To download a PDF from the American Enterprise Institute website, click here.