While gentrification raises fears of displacement, it also offers some hope because the growth in higher-income households in previously poor areas can help to shore up city…
MF10-3: The recent tumult experienced by residential mortgage markets in the United States has left many struggling to determine what caused the crisis; what can be done…
RR07-3: At a congressional hearing in 1948, representative A.S. Mike Monroney argued that the construction of new, subsidized rental housing improves the surrounding…
Susan Wharton Gates, Cindy Waldron, Peter Zorn
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February 13, 2004
BABC 04-13: Automated underwriting (AU) systems have become a tool of choice in mortgage lending decisions. While AU provides significant benefits to mortgage…
This paper analyses the performance of low-income and minority loans (LIMLs) from a large sample of fixed-rate mortgages purchased by Freddie Mac in the 1990s. Our focus is…