Journal Article

Texas housing and mortgage update


Abstract: Texas and other areas in the Eleventh District did not experience a drastic home appreciation or expansion of exotic mortgages in the lead-up to the recent recession; therefore, the region did not get into a mortgage crisis as severe as in some other parts of the nation (Figure 1). However, the region has not been immune to the consequences of the financial system turmoil and the economic slowdown.

Keywords: Mortgages; Foreclosure;

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Provider: Federal Reserve Bank of Dallas

Part of Series: e-Perspectives

Publication Date: 2011

Issue: 2

Order Number: 1