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Will the alleged decline of banking affect CRA?

Lindsey, Lawrence B. - Federal Reserve Bank of Chicago - 1994

Persistent link: https://www.econbiz.de/10010723892

Does the Community Reinvestment Act influence lending? an analysis of changes in bank low-income mortgage activity

Dahl, Drew; Evanoff, Douglas D.; Spivey, Michael F. - Federal Reserve Bank of Chicago - 2000

Anecdotal evidence that the Community Reinvestment Act (CRA) influences the lending behavior of financial institutions has not been uniformly supported by empirical research. We revisit this issue by evaluating changes in low-income mortgage lending at commercial banks over the 1992-96 period....

Persistent link: https://www.econbiz.de/10005420033

First-time home buyers and residential investment volatility

Fisher, Jonas D. M.; Gervais, Martin - Federal Reserve Bank of Chicago - 2007

Like other macroeconomic variables, residential investment has become much less volatile since the mid-1980s (recent experience notwithstanding.) This paper explores the role of structural change in this decline. Since the early 1980s there have been many changes in the underlying structure of...

Persistent link: https://www.econbiz.de/10005420035

Complex mortgages

Amromin, Gene; Huang, Jennifer; Sialm, Clemens; Zhong, … - Federal Reserve Bank of Chicago - 2010

Complex mortgages became a popular borrowing instrument during the bullish housing market of the early 2000s but … mortgages) enable households to postpone loan repayment compared to traditional mortgages and hence relax borrowing constraints … contract terms. We document that complex mortgages were chosen by prime borrowers with high income levels seeking to purchase …

Persistent link: https://www.econbiz.de/10008764399