Public policy concerns increasingly have focused on subprime lending. Our research uses a survey of prime and subprime borrowers to address whether borrowers quot;inappropriatelyquot; are channeled to the subprime segment, if once having taken out a subprime mortgage, borrowers are...

Homeownership among U.S. families increased notably in recent years, from 63.9 percent in 1989 to 66.2 percent in 1998. This paper examines this trend and the factors contributing to it. We find that (1) homeownership rose for all racial, ethnic, and income groups; (2) the differences in...

Homeownership among U.S. families increased notably in recent years, from 63.9% in 1989 to 66.2% in 1998. This paper examines this trend and the factors contributing to it. We find that (1) homeownership has risen for all racial, ethnic, and income groups, (2) the differences in homeownership...

This paper examines whether CRA incentives were influential regarding the large increase in lending to lower-income communities through the 1990s and early 2000s. The approach capitalizes on the fact that, because the CRA does not apply to all lenders in all locations, the regulations establish...

Immigration has and will continue to alter the composition of housing demand in the United Sates. In this article, we analyze results from a new survey of Mexican-heritage households to draw some inferences about tenure choice within that group. Some measures of attachment to the United...

Using data from the Federal Reserve Board's two most recent Surveys of Consumer Finances, this article provides a detailed picture of changes in the financial condition of U.S. families between 1995 and 1998. The financial situation of families changed notably in the three-year period. While...