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The role of race in mortgage lending: revisiting the Boston Fed study

Bostic, Raphael W. - Federal Reserve Board (Board of Governors of the … - 1997

This paper reexamines claims that non-economic discrimination persists in mortgage loan origination decisions. I find that racial differences in outcomes do exist, as minorities fare worse regarding debt-to-income requirements but better for loan-to-value requirements. Overall, significant...

Persistent link: https://www.econbiz.de/10005514147

Is mortgage lending by savings associations special?

Laderman, Elizabeth; Passmore, Wayne - Federal Reserve Board (Board of Governors of the … - 1998

In this paper, we investigate whether elimination of the savings association charter might reduce lending to nontraditional mortgage borrowers. We present a theoretical model of lender portfolio choice, in which nontraditional lenders have some market power and traditional lenders are...

Persistent link: https://www.econbiz.de/10005514164

Putting the squeeze on a market for lemons: government-sponsored mortgage securitization

Passmore, Wayne; Sparks, Roger - Federal Reserve Board (Board of Governors of the … - 1995

Persistent link: https://www.econbiz.de/10005393636

Estimates of home mortgage originations, repayments, and debt on one-to-four-family residences

Greenspan, Alan; Kennedy, James - Federal Reserve Board (Board of Governors of the … - 2005

of equity extraction from homes financed by mortgages. …

Persistent link: https://www.econbiz.de/10005393663

Clearance and settlement of mortgage-backed securities through the Participants Trust Company

Stehm, Jeff - Federal Reserve Board (Board of Governors of the … - 1992

Persistent link: https://www.econbiz.de/10005393735

Market power and the pricing of mortgage securitization

John L. Goodman, Jr.; Passmore, S. Wayne - Federal Reserve Board (Board of Governors of the … - 1992

Persistent link: https://www.econbiz.de/10005393829

The characteristics of home mortgage debt, 1970-89: trends and implications

Jack L. Goodman, Jr.; Hudson, Yana; Yermish, Scott - Federal Reserve Board (Board of Governors of the … - 1991

Persistent link: https://www.econbiz.de/10005393889

Bankruptcy exemptions and the market for mortgage loans

Hines, Richard; Berkowitz, Jeremy - Federal Reserve Board (Board of Governors of the … - 1998

The recent explosion in personal bankruptcy filings has motivated research into whether credit markets are being adversely affected by generous legal provisions. Empirically, this question is examined by comparing credit conditions and bankruptcy exemptions across states. We note that the...

Persistent link: https://www.econbiz.de/10005394022

GSEs, mortgage rates, and the long-run effects of mortgage securitization

Passmore, Wayne; Sparks, Roger; Ingpen, Jamie - Federal Reserve Board (Board of Governors of the … - 2001

illustrating that market structure, government sponsorship, and the characteristics of the mortgages securitized are all important … enhancements needed in the private sector. Using our simulation model, we demonstrate that when mortgages eligible for purchase by … the GSEs have characteristics similar to other mortgages, then implicit government backing generates differences in …

Persistent link: https://www.econbiz.de/10005394027

An empirical test of a two-factor mortgage valuation model: how much do house prices matter?

Downing, Chris; Stanton, Richard; Wallace, Nancy - Federal Reserve Board (Board of Governors of the … - 2003

default subject to i. explicit frictions (transaction costs) payable when terminating their mortgages, ii. exogenous …

Persistent link: https://www.econbiz.de/10005394030