Similar Search Results

Credit scoring and mortgage securitization: do they lower mortgage rates?

Heuson, Andrea; Passmore, Wayne; Sparks, Roger - Federal Reserve Board (Board of Governors of the … - 2000

originators. The securitizer sets the price at which it will purchase mortgages and the credit score standard that qualifies a …

Persistent link: https://www.econbiz.de/10005721145

GSEs, mortgage rates, and the long-run effects of mortgage securitization

Passmore, Wayne; Sparks, Roger; Ingpen, Jamie - Federal Reserve Board (Board of Governors of the … - 2001

illustrating that market structure, government sponsorship, and the characteristics of the mortgages securitized are all important … enhancements needed in the private sector. Using our simulation model, we demonstrate that when mortgages eligible for purchase by … the GSEs have characteristics similar to other mortgages, then implicit government backing generates differences in …

Persistent link: https://www.econbiz.de/10005394027

The effect of housing government-sponsored enterprises on mortgage rates

Passmore, Wayne; Sherlund, Shane M.; Burgess, Gillian - Federal Reserve Board (Board of Governors of the … - 2005

-conforming spread might arise. We show that mortgage rates reflect the cost of funding mortgages and that this cost of funding can drive …

Persistent link: https://www.econbiz.de/10005721026

The bank lending channel of monetary policy and its effect on mortgage lending

Black, Lamont K.; Hancock, Diana; Passmore, Wayne - Federal Reserve Board (Board of Governors of the … - 2010

The bank lending channel of monetary policy suggests that banks play a special role in the transmission of monetary policy. We look for this special role by examining the business strategies of banks as it relates to mortgage funding and mortgage lending. "Traditional banks" have a large supply...

Persistent link: https://www.econbiz.de/10008498927

Did the Federal Reserve's MBS purchase program lower mortgage rates?

Hancock, Diana; Passmore, Wayne - Federal Reserve Board (Board of Governors of the … - 2011

We employ empirical pricing models for mortgage-backed security (MBS) yields and for mortgage rates to measure deviations from normal market functioning in order to assess how the Federal Reserve MBS purchase program--a 16 month program announced on November 25, 2008 and completed on March 31,...

Persistent link: https://www.econbiz.de/10008799654

Does the Community Reinvestment Act (CRA) cause banks to provide a subsidy to some mortgage borrowers?

Canner, Glenn B.; Laderman, Elizabeth; Lehnert, Andreas; … - Federal Reserve Board (Board of Governors of the … - 2002

The Community Reinvestment Act (CRA) encourages lenders to make mortgage loans to certain classes of borrowers. However, the law does not apply to all lenders, and lenders do not necessarily receive credit for all loans made to borrowers of a particular class. We use this variation to test...

Persistent link: https://www.econbiz.de/10005393960

An analysis of the potential competitive impacts of Basel II capital standards on U.S. mortgage rates and mortgage securitization

Hancock, Diana; Lehnert, Andreas; Passmore, Wayne; … - Federal Reserve Board (Board of Governors of the … - 2005

Persistent link: https://www.econbiz.de/10005360705

Mortgage refinancing in 2001 and early 2002

Canner, Glenn; Dynan, Karen; Passmore, Wayne - In: Federal Reserve Bulletin (2002) Dec, pp. 469-481

refinancing, the changes in terms and conditions of mortgages after refinancing, the amount of funds homeowners raised in the …

Persistent link: https://www.econbiz.de/10005379960

Residential lending to low-income and minority families: evidence from the 1992 HMDA data

Canner, Glenn B.; Passmore, Wayne - In: Federal Reserve Bulletin (1994) Feb, pp. 79-108

Persistent link: https://www.econbiz.de/10005380144

The role of specialized lenders in extending mortgages to lower-income and minority homebuyers

Canner, Glenn B.; Passmore, Wayne; Laderman, Elizabeth - In: Federal Reserve Bulletin (1999) Nov, pp. 709-726

applicants for conventional home-purchase mortgages, including lower-income and minority applicants, have had their applications …

Persistent link: https://www.econbiz.de/10005380333