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The homeownership and financing experience in two Chicago minority neighborhoods

Rhine, Sherrie L.W.; Toussaint-Comeau, Maude - Federal Reserve Bank of Chicago - 2000

This article documents the homeownership and financing decisions made by Hispanic and Black households in two Chicago ethnic communities to help policy makers, financial institutions and community leaders better understand the homeownership process for these two minority groups. Based on our...

Persistent link: https://www.econbiz.de/10005726564

Subprime mortgage pricing: the impact of race, ethnicity, and gender on the cost of borrowing

Haughwout, Andrew; Mayer, Christopher; Tracy, Joseph - Federal Reserve Bank of New York - 2009

information on subprime borrowers with information on the mortgages they took out. In a sample of more than 75,000 adjustable …-rate mortgages, we find no evidence of adverse pricing by race, ethnicity, or gender in either the initial rate or the reset margin …, and the data do not indicate whether borrowers might have qualified for less expensive conforming mortgages. …

Persistent link: https://www.econbiz.de/10005726639

The role of securitization in mortgage renegotiation

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2011

We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial … 36% more likely to be renegotiated than comparable securitized mortgages (4.2 to 5.7% in absolute terms). Also …

Persistent link: https://www.econbiz.de/10010292147

Market-Based loss mitigation practices for troubled mortgages following the financial crisis

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2010

show that the majority of delinquent mortgages do not enter any loss mitigation program or become a part of foreclosure …

Persistent link: https://www.econbiz.de/10010292190

The 2008 federal intervention to stabilize Fannie Mae and Freddie Mac

Frame, W. Scott - 2009

Fannie Mae and Freddie Mac are government-sponsored enterprises that play a central role in U.S. residential mortgage markets. In recent years, policymakers became increasingly concerned about the size and risk-taking incentives of these two institutions. In September 2008, the federal...

Persistent link: https://www.econbiz.de/10010292336

Equilibrium mortgage choice and housing tenure decisions with refinancing

Chambers, Matthew S.; Garriga, Carlos; Schlagenhauf, Don - 2007

The last decade has brought about substantial mortgage innovation and increased refinancing. The objective of this paper is to understand the determinants and implications of mortgage choice in the context of a general equilibrium model with incomplete markets. The equilibrium characterization...

Persistent link: https://www.econbiz.de/10010292368

Labour market praticipation and mortage related borrowing constraints

Bottazzi, Renata - 2004

This paper analyses the relationship between female labour market participation and mortgage commitments in life-cycle set up. In particular it examines whether a mortgage qualification constraint has any effect on female labour market participation. This is done by conditioning on the mortgage...

Persistent link: https://www.econbiz.de/10010293082

The Impact of Bank Structure on Small Business and Small Farm Lending

Craig, Steven G.; Hardee, Polly T. - In: Journal of Entrepreneurial Finance 6 (2001) 1, pp. 59-83

This paper empirically explores the impact of bank size, holding company affiliation and the degree of branching on small business and farm lending through a conceptual analysis encompassing private information asymmetries inherent in these bank dependent borrowers. The study expands the...

Persistent link: https://www.econbiz.de/10011310375

Mortgages and monetary policy

Garriga, Carlos; Kydland, Finn E.; Šustek, Roman - 2015

Mortgages are prime examples of long-term nominal loans. As a result, under incomplete asset markets, monetary policy …, have larger real effects than transitory shocks. The transmission is stronger under adjustable- than fixed-rate mortgages …

Persistent link: https://www.econbiz.de/10011381008

House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994

Rouwendal, Jan; Alessie, Rob - 2002

paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We … investigatethe effect of house prices on (i) the number and size of second mortgages, (ii) the savingsof owner-occupiers and (iii … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …

Persistent link: https://www.econbiz.de/10010325002