Tight credit conditions continue to constrain the housing recovery

The expansion of Federal Housing Administration lending has let households with imperfect credit or the inability to make a large down payment maintain access to mortgage borrowing. Rather than excluding such households, lenders have been applying strict underwriting conditions on all borrowers. Clarifying what constitutes approved lending may help relax credit conditions with minimal increase in risk.

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Year of publication:	2014-07-07
Authors:	Rappaport, Jordan ; Willen, Paul S.
Institutions:	Federal Reserve Bank of Boston

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Extent:	application/pdf
Series:	Current Policy Perspectives.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Current Policy Perspectives Number 141 4 pages
Classification:	E66 - General Outlook and Conditions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010886230