Search Results
Speech
Current challenges in housing and home loans: complicating factors and the implications for policymakers.
Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for The New England Economic Partnership?s Spring Economic Outlook Conference on Credit, Housing, and the Consequences for New England, Boston, Massachusetts, May 30, 2008
Journal Article
Home Mortgage Disclosure Act: new pricing data
In fall 2005, the Board of Governors of the Federal Reserve System published its first study of the new Home Mortgage Disclosure Act (HMDA) interest-rate data. The study included extensive national analyses of mortgage pricing patterns across racial and ethnic groups. The findings confirmed a commonly held belief about mortgage prices: Traditionally underserved minority groups were more likely than other populations to pay higher prices for mortgages. In general, the findings hold for New England.
Journal Article
Mapping New England: higher-priced refinance loans in southern New England
In New England, 12 percent of refinance loans were higher-priced. Higher-priced refinance loans were much less common in eastern Massachusetts than in other parts of southern New England.
Discussion Paper
Understanding foreclosures in Massachusetts
Recent increases in foreclosure rates in New England and other parts of the United States are raising concerns. Distressful for individual borrowers and potentially destabilizing for their communities, the negative effects of foreclosures flow beyond the impact on housing markets and the financial consequences for creditors. Public officials, lenders, current and potential homeowners, community organizations, and other stakeholders are paying careful attention. ; In low- and moderate-income communities in New England, community leaders view current trends as especially worrisome. Among ...
Speech
Remarks at the launch of the Mortgage Relief Fund.
Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for the Mortgage Relief Fund Press Conference, December 20, 2007
Discussion Paper
Home Mortgage Disclosure Act (HMDA) home purchase data: summary for New England, 2003
This paper provides summary statistics for home purchase data collected under the Home Mortgage Disclosure Act in 2003. In addition to aggregate totals, patterns by income and race / ethnicity are also described. These analyses of HMDA data have been conducted to examine access to home purchase loans, while focusing on traditionally underserved populations ? low- and moderate- income (LMI) households and minorities. Overall lending activity has risen in recent years in New England, driven mainly by increasing volumes of applications from LMI and minority households. Although higher income ...
Journal Article
Foreclosure prevention and intervention efforts in New England
As foreclosure rates have risen across New England, many have been asking for clarification about the full range of resources available to borrowers. This article describes the foreclosure prevention and intervention efforts currently underway in New England. We highlight the region?s largest initiatives as well as discuss the challenges these programs are facing as they work to provide assistance to consumers.
Discussion Paper
Home-mortgage lending trends in New England in 2010
This brief analysis of home-mortgage lending trends in New England is based on data collected under the Home Mortgage Disclosure Act (HMDA). HMDA provides information on mortgage lending trends and includes data by loan purpose, type of loan, income, and the race and ethnicity of borrowers. In this report we focus on home-purchase and refinance loans in New England.