At various points in its history, the Federal Housing Administration (FHA) has had particularly large impacts on mortgage and housing markets in the U.S. During the early to middle 2000s, FHA lending dwindled to historically low shares of the mortgage market as subprime lending boomed, with some...

It has been argued that during the Great Recession, wealth losses were more concentrated for college-­educated Black and Hispanic families than for White and Asian college-educated families and their non-college-educated Black and Hispanic peers. This article explores the extent to which the...

Homeownership rates have been slow to recover since the financial crisis. Minority groups such as Blacks and Hispanics have been particularly slow to transition into homeownership. Using uniquely constructed anonymized household panel data obtained from a credit bureau, we find that Blacks and...