While homeownership rates currently stand at historically high levels for all segments of the U.S. population, large gaps are present comparing various groups of the population. As of the third quarter of 2006, the non-Hispanic white homeownership rate was 76 percent while black and Hispanic...

Federal Housing Administration-insured reverse mortgages, known as Home Equity Conversion Mortgages (HECMs), did not originally have a provision for low-cost refinancing. If a borrower's house value increased faster than expected, the borrower could not tap that additional equity without...

Due to the rise in foreclosure filings, policymakers are increasingly concerned with helping families in financial distress keep their homes. This paper tests the extent to which distressed mortgage borrowers benefit from three types of state foreclosure polices: (1) judicial foreclosure...

Section 202 Supportive Housing for the Elderly is the US. Department of Housing and Urban Development's (HUD's) primary program for developing subsidized rental housing for elderly residents with very low incomes. The Section 202 Demonstration Predevelopment Grant (DPG) Program was created in...

Due to the rise in foreclosure filings, policymakers are increasingly concerned with helping families in financial distress keep their homes. This paper tests the extent to which distressed mortgage borrowers benefit from three types of state foreclosure polices: (1) judicial foreclosure...

HUD funds the operating costs of housing produced under the current Section 202 program for the elderly and the Section 811 program for persons with disabilities through a Project Rental Assistance Contract or PRAC. Created by the National Affordable Housing Act of 1990, these programs provide...