Although similar in many ways, subprime hybrids were really different from prime hybrids.

This month's newsletter covers the topic of subprime mortgage lending, with data and explanations you may find useful. The subprime market has been a closely covered news topic of late.

The conference "Preserving Homeownership: Addressing the Foreclosure Issue, “held in Dallas in June, opened with a panel of Texas researchers who addressed the impact foreclosures are having on the U.S. and Texas economies.

Homeownership doesn't just provide people a place to live. It also enables them to accumulate wealth by saving more and building equity in their homes.

Booms and busts have played a prominent role in American economic history. In the 19th century, the United States benefited from the canal boom, the railroad boom, the minerals boom, and a financial boom. The 20th century brought another financial boom, a postwar boom, and a dot-com boom. ; The...

As foreclosure initiations have soared over the past couple of years, many have questioned whether mortgage servicers have the right incentives to work out troubled subprime mortgages so that borrowers can avoid foreclosure and remain in their homes. Some critics claim that because servicers,...

The Federal Reserve Board and other federal financial regulatory agencies have put forth new information that would help consumers better understand the potential financial risks posed by subprime home loans.

Over the past decade, the United States has seen real estate activity swing from boom to bust. But upstate New York has been largely insulated from this volatility, with metropolitan areas such as Buffalo, Rochester, and Syracuse even registering home price increases during the recession. An...

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...