GSE Activity and Mortgage Supply in Lower-Income and Minority Neighborhoods : The Effect of the Affordable Housing Goals
I estimate the credit supply effect of the Underserved Areas Goal (UAG), which establishes GSE purchase goals for mortgages to lower-income and minority neighborhoods. Taking advantage of discontinuous census tract eligibility rules and abrupt changes in tract eligibility, I find some evidence of a small UAG effect on GSE purchases and mortgage originations, without crowding-out of FHA and subprime lending. The results also suggest that the GSEs exploit the law's lack of precision-targeting, yielding effects that might diverge from the law's intent
Year of publication: |
2012
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Authors: | Bhutta, Neil |
Publisher: |
[2012]: [S.l.] : SSRN |
Subject: | Hypothek | Mortgage | Soziale Wohnungspolitik | Social housing | Hypothekenbank | Mortgage bank | Niedrigeinkommen | Low income | Ethnische Gruppe | Ethnic group |
Description of contents: | Abstract [papers.ssrn.com] |
Saved in:
Extent: | 1 Online-Ressource |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | In: Journal of Real Estate Finance and Economics, Vol. 45, No. 1, 2012 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 9, 2012 erstellt Volltext nicht verfügbar |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013103994