While prior analyses have provided substantial evidence of elevated default probabilities among mortgages originated to lower income, less credit worthy and minority borrowers, those risks may be offset by the reduced prepayment probabilities of those loans. To the investor in FHA-insured...

The increase in the homeownership rate in the middle of the last decade extended to all age groups but was most pronounced among individuals under age 30. These increases coincided with looser credit conditions that enhanced household access to mortgage credit along with evidence of less risk...

This paper investigates the boom and bust in U.S. homeownership rates over the 2000-2010 period. Using individual-level census data, we first estimate 204 homeownership regressions stratified by household age (21, 22,…, 89) and survey year (2000, 2005, and 2009). Shift-share methods confirm...

This paper investigates the boom and bust in U.S. homeownership rates over the 2000-2010 period. Using individual-level census data, we first estimate 204 homeownership regressions stratified by household age (21, 22,…, 89) and survey year (2000, 2005, and 2009). Shift-share methods confirm...