Doms, Mark; Krainer, John - Federal Reserve Bank of San Francisco - 2007
evidence that young, constrained households may have used newly designed mortgages to
finance their increased expenditures on … face lower costs today for refinancing existing mortgages
and extracting home equity, effectively increasing the liquidity … innovations
in mortgages. Chambers, Garriga, and Schlagenhauf (2005) also examine the changes in the
home ownership rate via a …