One of the justifications for federal involvement in the homeownership market is that it provides one of the few ways that low-income households can accumulate wealth. But…
BABC 04-10: Spending financed by home equity extraction helps smooth household consumption and bolster the economy in economic downturns, but may reduce wealth…
This paper examines trends in prime-market mortgage lending to low- and moderate-income families and to families living in underserved areas, hereafter affordable lending,…