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Gute Absicht - böses Ende: Die US-Wohnungspolitik als Brandbeschleuniger der Weltfinanzkrise
Gropp, Reint E.; Saadi, Vahid - In: Wirtschaft im Wandel 25 (2019) 1, pp. 10-13
Immobilienpreise beigetragen haben. Kaum beleuchtet wurde bisher die Rolle der US-Wohnungspolitik, insbesondere die Förderung des … wurden seit 1998 deutlich mehr Hypotheken aufgenommen. Der Anstieg der Immobilienpreise in der Boomphase beruhte zum Teil auf …Der Boom auf dem US-amerikanischen Eigenheimmarkt in den frühen 2000er Jahren führte zur schwersten Finanzkrise der …
Persistent link: https://www.econbiz.de/10011998316
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Mortgage supply and the US housing boom : the role of the community reinvestment act
Saadi, Vahid - 2016
This paper studies the role of the Community Reinvestment Act (CRA) in the recent US housing boom-bust cycle. Using a difference-in-differences matching estimation, I find that the enhancement of CRA enforcement in 1998 caused a 7.7 percentage points increase in annual growth rate of mortgage...
Persistent link: https://www.econbiz.de/10011570577
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Mortgage supply and the US housing boom: The role of the community reinvestment act
Saadi, Vahid - 2016
This paper studies the role of the Community Reinvestment Act (CRA) in the recent US housing boom-bust cycle. Using a difference-in-differences matching estimation, I find that the enhancement of CRA enforcement in 1998 caused a 7.7 percentage points increase in annual growth rate of mortgage...
Persistent link: https://www.econbiz.de/10011571049
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Non-Recourse, No Down Payment and the Mortgage Meltdown : Lessons from Undercapitalization
Solomon, Dov - 2015
The recent global financial crisis, sparked by developments in the American mortgage market, provides a timely opportunity for a thorough analysis of the standard model for financing home purchases. The United States residential mortgage market has two prominent aspects: first, a significant...
Persistent link: https://www.econbiz.de/10013037784
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Banking Competition and Shrouded Attributes : Evidence from the US Mortgage Market
Agarwal, Sumit - 2020
We document that banking deregulation leads banks to offer lower initial rates on adjustable-rate mortgages to attract borrowers, but banks also shroud these contracts by increasing back-loaded resetting rates. More shrouding can be explained by higher proportion of naïve borrowers following...
Persistent link: https://www.econbiz.de/10012854765
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Mortgage supply and the US housing boom : the role of the Community Reinvestment Act
Saadi, Vahid - 2016 - This version: October 2016
This paper studies the role of the Community Reinvestment Act (CRA) in the recent US housing boom-bust cycle. Using a difference-in-differences matching estimation, I find that the enhancement of CRA enforcement in 1998 caused a 7.7 percentage points increase in annual growth rate of mortgage...
Persistent link: https://www.econbiz.de/10011568674
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Mortgage supply and the US Housing boom : the role of the Community Reinvestment Act
Saadi, Vahid - 2018
This paper studies the role of the Community Reinvestment Act (CRA) in the US housing boom-bust cycle. I find that the enhancement in CRA enforcement in 1998 increased the growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census tracts. I show that during the boom period...
Persistent link: https://www.econbiz.de/10012065070
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Mortgage supply and the US Housing boom : the role of the Community Reinvestment Act
Saadi, Vahid - 2019 - This version: October 2019
This paper studies the role of the Community Reinvestment Act (CRA) in the US housing boom-bust cycle. I find that the enhancement in CRA enforcement in 1998 increased the growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census tracts. I show that during the boom period...
Persistent link: https://www.econbiz.de/10012122488
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Stabilizing the System of Mortgage Finance in the United States
Koss, Richard - 2017
It has been over a decade since the peak of house prices in the US was attained, and while there has been a concerted regulatory response to the subsequent collapse, the two Government Sponsored Enterprises (GSEs) remain in conservatorship. While this action served to forestall a deeper crisis...
Persistent link: https://www.econbiz.de/10012948519
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Institutional investors and the U.S. housing recovery
Lambie-Hanson, Lauren; Li, Wenli; Slonkosky, Michael - 2019
We study the house price recovery in the U.S. single-family residential housing market since the outbreak of the mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using comprehensive property-level transaction data, we show...
Persistent link: https://www.econbiz.de/10012197788