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Showing results 1 to 10 of approximately 36.
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Journal Article
Underwriting on subprime mortgages: what really happened?
How did poor underwriting bring about the collapse of the subprime mortgage market? More importantly, how would subprime mortgages perform if underwriting standards did not deteriorate?
Periodic Essay
Unsteady progress: income trends in the Federal Reserve's survey of consumer finances
Short essays related to research on understanding and strengthening the balance sheets of American households.
Journal Article
Home equity and household income
During 1995-2007, home equity increased more than gross income for high-, low- and middle-income groups.
Journal Article
Household financial stability: who suffered the most from the crisis?
The financial crisis and ensuing recession took a toll on just about everybody?s household wealth. Not surprisingly, the pain wasn?t evenly distributed. Those groups that are usually the most vulnerable in our society?young and middle-aged minority households?suffered the most, percentage-wise.
Newsletter
Financial regulation: a primer on the Dodd-Frank Act
Last July, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 brought the most sweeping financial regulatory reform since the Great Depression. The May 2011 Liber8 newsletter outlines key provisions of the Act intended to prevent or lessen future financial crises and enhance consumer protection.
Journal Article
Changes in the mortgage market since the crisis
It appears that mortgage origination and securitization is currently ?in limbo?: Private securitization has all but disappeared and is being absorbed by government- sponsored enterprises
Newsletter
Sovereign debt crises: it’s all Greek to me
Greek's current sovereign debt has reached crisis levels. Should the United States expect something similar? Probably not. Read the August 2010 Newsletter to learn why (or why not).
Periodic Essay
Shifting fortunes: wealth trends in the Federal Reserve’s survey of consumer finances
Short essays related to research on understanding and strengthening the balance sheets of American households.
Journal Article
Economic vulnerability and financial fragility
Unfortunately, many families with the greatest exposure to the economic dislocations of the recent recession also had very risky balance sheets beforehand that were characterized by low levels of liquid assets, high portfolio concentrations in housing, and relatively high balance-sheet leverage. The authors argue that economic vulnerability and risky balance sheets are correlated because they derive from common factors. These factors include a low stock of human capital, inexperience (relative youth), and, in some cases, the legacy of discrimination in housing, education, and employment. ...