|
This study finds that spending financed by tapping
home equity helps smooth household consumption and bolster the economy
during downturns. But it also may reduce wealth accumulation.
| Authors: Frank E. Nothaft and
Yan Chang |
Published: 02/2004 |
Innovations in underwriting, mortgage products, and mortgage funding
have expanded mortgage lending and reduced costs. An important part
of the change has been the rise of the "subprime" market. This report
suggests that some standard economic models can explain the main
characteristics of the subprime market.
| Authors: Amy Crews Cutts and Robert Van Order |
Published: 01/2004 |
Effective pre-purchase counseling significantly helps homeowners
avoid falling behind in their mortgages, in some cases by as much
as 34 percent, according to the first empirical study done on the
impact of pre-purchase home counseling.
| Authors: Abdighani
Hirad and Peter M. Zorn |
Published: 05/2001 |
An independent analysis of a 1996 Congressional Budget Office report
prepared on the benefits that American consumers derive from the
activities of Freddie Mac and Fannie Mae and the advantages private
corporations receive from their federal charters.
| Authors: James
E. Pearce and James C. Miller III |
Published: 01/2001 |
In this article, authors Ferdinand Wang and Peter Zorn go "back
to basics" to re-examine the use of repeat sales data to compute
house price indices and growth rates and the characteristics of
repeat-sales and other house prices indices. They find that most
of the confusion about the appropriate use of repeat-sales indices
can be cleared away by asking: "What is the target? What is
the data trying to deliver?"
| Authors: Ferdinand
T. Wang and Peter M. Zorn |
Published: 12/1999 |
Discussion of trends and innovations that are fueling Freddie
Mac's commitment to work with the mortgage finance industry to reduce
the cost of originating mortgage loans and put homeownership within
reach of even more families.
| Author: David
P. Danford |
Published: 04/1999 |
This publication explains how every day, Freddie Mac helps ensure
that a stable supply of low-cost mortgages is available for families
in every type of neighborhood all across America
This article presents the background work for the Conventional
Mortgage Home Price Index (CMHPI), a set of home price indices published
quarterly by Freddie Mac.
| Authors:
William Stephens, Ying Li, Vassilis Lekkas, Jesse Abraham,
Charles Calhoun, and Thomas Kimner |
Published: 1995 |
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