This article documents the contributions of non-owner occupants to the demand for housing prior to the housing crisis. In addition, this article observes the post-origination performance of non-owner-occupied mortgages during the crisis. Theory tells us that non-owner occupant homeowners differ...

This article documents the contributions of non-owner occupants to the demand for housing prior to the housing crisis. In addition, this article observes the post-origination performance of non-owner-occupied mortgages during the crisis. Theory tells us that non-owner occupant homeowners differ...