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This study evaluates the effects of GSE mortgage purchase activity on homeownership and housingconditions among … communities that are the focus of the 1992 GSE Act and the HUD affordablehousing goals. To identify GSE effects, the test … theGSE and HUD affordable housing goals. …
Persistent link: https://www.econbiz.de/10011252788
equilibrium, which results in reduced loan volumes. On balance, these effects can offset and make credit supply and homeownership …
Persistent link: https://www.econbiz.de/10011252795
While the subprime mortgage loan product clearly expands access to credit, concerns have been raised about its costs, particularly to lower-income and minority populations. This paper examines whether GSE loan purchase activities might serve as an effective vehicle for mitigating these costs....
Persistent link: https://www.econbiz.de/10011252830
Persistent link: https://www.econbiz.de/10012202438
The homeownership rate in Germany is one of the lowest among advanced economies. To better understand this fact, we … analyze the role of three specific policies which discourage homeownership in Germany: an extensive social housing sector with … payments by owner-occupiers. We build a lifecycle model with uninsurable income risk and endogenous homeownership in order to …
Persistent link: https://www.econbiz.de/10011761605
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This paper argues that making affordable home mortgage loans available to a large cross section of the population will serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing and mortgage markets in selected Middle East and North...
Persistent link: https://www.econbiz.de/10005825998
House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the "fast lane", the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by income and trends...
Persistent link: https://www.econbiz.de/10005826322
This paper discusses how financial innovation turned U.S. mortgages into an asset class with worldwide investor appeal. It suggests that U.S. financial markets have been skilful in developing tools that have helped households exploit favorable global financing conditions to boost home ownership...
Persistent link: https://www.econbiz.de/10011242944