increase with the mortgage interest rate. These theoretical results are supported by empirical analysis, which also shows that …

increase with the mortgage interest rate. These theoretical results are supported by empirical analysis, which also shows that …

This paper utilizes micro data to directly quantify the impact of mortgage underwriting criteria on individual … homeownership propensities. To determine whether a family is constrained by these criteria, the optimal home purchase price is … estimated. The results indicate that wealth and income constraints both reduce homeownership propensities, with a stronger …

This paper discusses findings relative to the impact of borrowing constraints on homeownership in the U.S. in the … aftermath of the 2008 financial crisis. While homeownership declines and tightened credit are evident, the role the tightening …. The homeownership rate in 2010-2013 is simulated to be 2.3 percentage points lower than if the constraints were set at the …