An oft-touted benefit of homeownership is the ability to build and access equity, and in recent years the amount of … mortgage equity withdrawal (MEW) loan products were denied. Black and Hispanic homeowners' applications were denied at even … with purchase and rate/term refinance mortgage applications. Controlling for loan and borrower characteristics commonly …

An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002 … purchase mortgages to subprime borrowers. We also document that the expansion in speculative mortgage products and underwriting …

This paper analyzes the impact of the subprime mortgage crisis on urban neighborhoods in Massachusetts. We explore the … topic using a data set that matches race and income information from Home Mortgage Disclosure Act data with property … commonly believed, lead to a substantial increase in homeownership by minorities but instead generated turnover in properties …

Millions of Americans have negative housing equity, meaning that the outstanding balance on their mortgage exceeds …

contemporary discussions of the mortgage market to see what market participants thought would happen, the authors find that …