This paper assesses the current and future financial health of the Federal Housing Administration's Mutual Mortgage Insurance Fund in light of the recent turmoil in financial markets and mortgage lending and finds that the Fund--though protected from many of the excesses of the recent housing...

Not so long ago, the US housing finance system was arguably the best in the world. Consumers had access to products that were not available elsewhere, and the market was able to sustain major economic disruptions with relatively little impact on either the cost or availability of mortgage...

The extent of competition in the real estate brokerage industry has been the subject of much debate among scholars, policy makers, and the popular press over the past few years. Critics have claimed that “traditional” full-service brokers have restricted competition from discount and...

Over the past few years, several class-action lawsuits have been filed against the National Association of Realtors and other members of the real estate brokerage industry involving the structure of real estate commissions. Among other things, plaintiffs have argued that the standard practice of...

It has been more than 50 years since the passage of the Fair Housing Act, yet the homeownership rates of Blacks continue to be some 30 percentage points below those achieved by non-Latinx Whites. The relatively large Black-White homeownership gap reflects a variety of complex forces, ranging...

Not so long ago, the US housing finance system was arguably the best in the world. Consumers had access to products that were not available elsewhere, and the market was able to sustain major economic disruptions with relatively little impact on either the cost or availability of mortgage...