Utilizing a unique sample of community reinvestment loans, we study the propensity of very low income households to terminate a mortgage and compare it to the outcomes for low income and moderate income households. The results indicate that, even within moderate and low income segments, lower or...

Utilizing a unique sample of community reinvestment loans, we study the propensity of very low income households to terminate a mortgage and compare it to the outcomes for low income and moderate income households. The results indicate that, even within moderate and low income segments, lower or...

Utilizing a unique sample of community reinvestment loans, we study the propensity of very low income households to default or prepay on a mortgage and compare it to the outcomes for low income and moderate income households. The results indicate that, even within moderate and low income...