The Home Mortgage Preferences of Low-and-Moderate Income Households PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Home Mortgage Preferences of Low-and-Moderate Income Households PDF full book. Access full book title The Home Mortgage Preferences of Low-and-Moderate Income Households by Michael LaCour-Little. Download full books in PDF and EPUB format.
Author: Michael LaCour-Little
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
Get Book Here
Book Description
Housing policy in the United States has long supported homeownership yet variation persists across income groups. This paper employs recent mortgage origination data to focus on the revealed preferences of low-and-moderate income (LMI) households in home purchase mortgage choice. We identify the factors associated with conventional conforming, FHA, Nonprime, and specially-targeted programs. Empirical results show that individual credit characteristics and financial factors, including pricing, generally drive product choice with some variation evident when loans are originated through brokers. Results also indicate that targeted conventional programs effectively compete with government-insured products in the LMI segment.
Author: Michael LaCour-Little
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
Get Book Here
Book Description
Housing policy in the United States has long supported homeownership yet variation persists across income groups. This paper employs recent mortgage origination data to focus on the revealed preferences of low-and-moderate income (LMI) households in home purchase mortgage choice. We identify the factors associated with conventional conforming, FHA, Nonprime, and specially-targeted programs. Empirical results show that individual credit characteristics and financial factors, including pricing, generally drive product choice with some variation evident when loans are originated through brokers. Results also indicate that targeted conventional programs effectively compete with government-insured products in the LMI segment.
Author: Nicolas P. Retsinas
Publisher: Brookings Institution Press
ISBN: 0815706030
Category : Political Science
Languages : en
Pages : 512
Get Book Here
Book Description
A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication A generation ago little attention was focused on low-income homeownership. Today homeownership rates among under-served groups, including low-income households and minorities, have risen to record levels. These groups are no longer at the margin of the housing market; they have benefited from more flexible underwriting standards and greater access to credit. However, there is still a racial/ethnic gap and the homeownership rates of minority and low-income households are still well below the national average. This volume gathers the observations of housing experts on low-income homeownership and its effects on households and communities. The book is divided into five chapters which focus on the following subjects: homeownership trends in the 1990s; overcoming borrower constraints; financial returns to low-income homeowners; low-income loan performance; and the socioeconomic impact of homeownership.
Author:
Publisher: DIANE Publishing
ISBN: 1428985328
Category : Homeownership
Languages : en
Pages : 117
Get Book Here
Book Description
Author: William M. Rohe
Publisher: Cornell University Press
ISBN: 1501731130
Category : Social Science
Languages : en
Pages : 326
Get Book Here
Book Description
Providing decent, safe, and affordable housing to low- and moderate-income families has been an important public policy goal for more than a century. In recent years there has been a clear shift of emphasis among policymakers from a focus on providing affordable rental units to providing affordable homeownership opportunities. Due in part to programs introduced by the Clinton and Bush administrations, the nation's homeownership rate is currently at an all-time high. Does a house become a home only when it comes with a deed attached? Is participation in the real-estate market a precondition to engaged citizenship or wealth creation? The real estate industry's marketing efforts and government policy initiatives might lead one to believe so. The shift in emphasis from rental subsidies to affordable homeownership opportunities has been justified in many ways. Claims for the benefits of homeownership have been largely accepted without close scrutiny. But is homeownership always beneficial for low-income Americans, or are its benefits undermined by the difficulties caused by unfavorable mortgage terms and by the poor condition or location of the homes bought? Chasing the American Dream provides a critical assessment of affordable homeownership policies and goals. Its contributors represent a variety of disciplinary perspectives and offer a thorough understanding of the economic, social, political, architectural, and cultural effects of homeownership programs, as well as their history. The editors draw together the assessments included in this book to prescribe a plan of action that lays out what must be done to make homeownership policy both effective and equitable.
Author: Roberto G. Quercia
Publisher: Rowman & Littlefield
ISBN: 0815721730
Category : Business & Economics
Languages : en
Pages : 178
Get Book Here
Book Description
Millions of Americans have lost their homes since the start of the recession initiated by the financial crisis of 2008–09. But is the dream of homeownership for America's working families obsolete, an aspiration from a bygone era? Regaining the Dream rejects that notion and proposes a way to strengthen the financial system while simultaneously promoting an equitable and viable American homeownership policy. For the first time, the authors of Regaining the Dream offer data-driven evidence on how the mortgage industry can serve working families in the United States, pointing the way to a pragmatic housing policy that promotes the opportunity for sustainable homeownership. Taking the reader step by step through the lending crisis and what caused it, the authors include useful and clear definitions of terms heard almost daily in news coverage. And they give a fair account of the history behind Fannie Mae and Freddie Mac and the new Dodd-Frank law, explaining what remains to be done to uphold one of the defining characteristics of the American dream.
Author: State of New York Mortgage Agency
Publisher:
ISBN:
Category : House buying
Languages : en
Pages : 14
Get Book Here
Book Description
Author: United States. Congress
Publisher:
ISBN:
Category :
Languages : en
Pages : 2070
Get Book Here
Book Description
Author: United States. Congress. House
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 2256
Get Book Here
Book Description
Author:
Publisher: Peter G Peterson Foundation
ISBN:
Category :
Languages : en
Pages : 75
Get Book Here
Book Description
Author: Anil K. Bera
Publisher: Springer
ISBN: 3319099469
Category : Business & Economics
Languages : en
Pages : 282
Get Book Here
Book Description
In the era of Big Data our society is given the unique opportunity to understand the inner dynamics and behavior of complex socio-economic systems. Advances in the availability of very large databases, in capabilities for massive data mining, as well as progress in complex systems theory, multi-agent simulation and computational social science open the possibility of modeling phenomena never before successfully achieved. This contributed volume from the Perm Winter School address the problems of the mechanisms and statistics of the socio-economics system evolution with a focus on financial markets powered by the high-frequency data analysis.
