MISC13-1: Homeownership rates continue to plummet throughout the country, disproportionately penalizing African Americans, Hispanics, and younger people. Recent…
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,…