Working Paper
Homeownership for the long run: an analysis of homeowner subsidies
Abstract: This paper examines the impact of interest-rate and down-payment subsidies on default rates and losses given default, and finds that down-payment subsidies create successful homeowners at a lower cost than interest-rate subsidies.
Keywords: Mortgage loans; Default (Finance); Housing - Finance;
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https://www.clevelandfed.org/newsroom-and-events/publications/working-papers/working-papers-archives/2010-working-papers/wp-1021-homeownership-for-the-long-run-an-analysis-of-homeowner-subsidies.aspx
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https://www.clevelandfed.org/newsroom-and-events/publications/working-papers/2011-working-papers/wp-1021r-homeownership-for-the-long-run-an-analysis-of-homeowner-subsidies.aspx
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 2011-01-01
Number: 1021