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Keywords:Home Mortgage Disclosure Act 

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 ...
Public and Community Affairs Discussion Papers , Paper 2006-1

Working Paper
Government response to home mortgage distress: lessons from the Great Depression

The Great Depression was the worst macroeconomic collapse in U.S. history. Sharp declines in household income and real estate values resulted in soaring mortgage delinquency rates. According to one estimate, as of January 1, 1934, fully one-half of U.S. home mortgages were delinquent and, on average, some 1000 home loans were foreclosed every business day. This paper documents the increase in residential mortgage distress during the Depression, and discusses actions taken by state governments and the federal government to reduce mortgage foreclosures and restore the functioning of the ...
Working Papers , Paper 2008-038

Working Paper
The effect of neighborhood contagion on mortgage selection

In this paper we conduct an empirical investigation of how neighborhood mortgage adoption contagion affects mortgage product choice, with an emphasis on Hispanic borrowers. We use loan-level mortgage data for metropolitan areas in California and Florida during 2004 and 2005, the peak years of the subprime mortgage boom. We identify an important and statistically significant effect of contagion on consumer choice of hybrid mortgage products that were popular during this period, especially for Hispanic borrowers.
Working Papers , Paper 2011-036

Conference Paper
Lender consistency in housing credit markets

Proceedings , Paper 417

Working Paper
Estimates of home mortgage originations, repayments, and debt on one-to-four-family residences

Since 1997, when the Department of Housing and Urban Development discontinued its quarterly gross mortgage flow system, there has been no systematic attempt to disaggregate the net change in outstanding home mortgage debt into its constituent gross flows. Using a different approach, we have developed a system that reconciles the change in regular home mortgage debt with mortgage flows. The latter includes home purchase and refinance originations, and mortgage purchases, sales, and repayments for five types of mortgage originators and six categories of other mortgagees. In the process, we ...
Finance and Economics Discussion Series , Paper 2005-41

Working Paper
Strategic responses to bank regulation: evidence from HMDA data

The intent of fair lending regulation is to encourage loans in low income areas and insure that loan decisions are based on economic criteria instead of noneconomic borrower characteristics. We evaluate situations in which banks may find it in their self interest to respond to regulation in a strategic manner intended to improve public relations and appease regulators rather than to adhere to the true spirit of the regulation. We find some evidence consistent with such behavior.
Working Paper Series, Issues in Financial Regulation , Paper WP-96-7

Working Paper
The cultural affinity hypothesis and mortgage lending decisions

Working Paper Series, Issues in Financial Regulation , Paper 95-8

Discussion Paper
Home mortgage lending by applicant race/ethnicity: do HMDA figures provide a distorted picture?

Consumer and Community Affairs Policy Studies , Paper 2000-3

Conference Paper
The effect of the Community Reinvestment Act of bank and thrift home purchase mortgage lending

Proceedings , Paper 794

Journal Article
HMDA data to include new home loan price information

Financial Update , Volume 18 , Issue Q 2

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