Search Results
Journal Article
The 2006 HMDA data
Analyzes the 2006 data collected under the Home Mortgage Disclosure Act (HMDA). The review focuses primarily on the pricing information in the data. Includes an assessment of factors that account for the variation in rates of serious delinquency on mortgage loans across U.S. metropolitan area counties observed as of March 31, 2007, with information drawn from the HMDA data on the incidence of higher-priced lending and from credit scores by geographic area.
Working Paper
Cross-lender variation in home mortgage lending
A lender-specific analysis of differences in minority and low-income mortgage loan originations using new applicant-level data gathered under the Home Mortgage Disclosure Act of 1975.
Working Paper
The subprime crisis: Is government housing policy to blame?
A growing literature suggests that housing policy, embodied by the Community Reinvestment Act (CRA) and the affordable housing goals of the government sponsored enterprises, may have caused the subprime crisis. The conclusions drawn in this literature, for the most part, have been based on associations between aggregated national trends. In this paper we examine more directly whether these programs were associated with worse outcomes in the mortgage market, including delinquency rates and measures of loan quality. We rely on two empirical approaches. In the first approach, which focuses on ...
Journal Article
Performance & profitability of CRA-related lending
Three Federal Reserve Board economists overview their study on a much-questioned but little-researched topic. Commentary on the study is also included with this article.
Conference Paper
Assessing the impact of the CRA on banking institutions
Conference Paper
An analysis of risk-based deposit insurance for commercial banks
Conference Paper
Risk-based capital and off-balance sheet activities
Conference Paper
Lender consistency in housing credit markets