Role of Non-Owner-Occupied Homes in the Current Housing and Foreclosure Cycle PDF Download
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Author: Breck L. Robinson Publisher: DIANE Publishing ISBN: 1437935478 Category : Law Languages : en Pages : 70
Book Description
Non-occupant homeowners (NOH) differ from owner occupants in that they tend to have lower-risk credit characteristics, but may also have weaker incentives to maintain mortgage pay. when housing values fall. During the recent housing boom, the share of mortgage borrowing by NOH was relatively high in states where home values rose rapidly. After the housing boom, foreclosures on NOH mortgages in several Midwestern and Northeastern states reflected a high rate of foreclosure per mortgage, not a high vol. of mortgages to NOH. The reverse held true in coastal and mountain states. NV and FL have experienced the greatest impact overall, because they have both a high vol. of mortgages to NOH and a high rate of foreclosure on those mortgages. Illus.
Author: Breck L. Robinson Publisher: DIANE Publishing ISBN: 1437935478 Category : Law Languages : en Pages : 70
Book Description
Non-occupant homeowners (NOH) differ from owner occupants in that they tend to have lower-risk credit characteristics, but may also have weaker incentives to maintain mortgage pay. when housing values fall. During the recent housing boom, the share of mortgage borrowing by NOH was relatively high in states where home values rose rapidly. After the housing boom, foreclosures on NOH mortgages in several Midwestern and Northeastern states reflected a high rate of foreclosure per mortgage, not a high vol. of mortgages to NOH. The reverse held true in coastal and mountain states. NV and FL have experienced the greatest impact overall, because they have both a high vol. of mortgages to NOH and a high rate of foreclosure on those mortgages. Illus.
Author: United States. Congress. House. Committee on Veterans' Affairs. Subcommittee on Housing and Memorial Affairs Publisher: ISBN: Category : Veterans Languages : en Pages : 164
Author: Edward L. Glaeser Publisher: University of Chicago Press ISBN: 022603061X Category : Business & Economics Languages : en Pages : 443
Book Description
Conventional wisdom held that housing prices couldn’t fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to climb and crash. Housing and the Financial Crisis looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain areas experienced less volatility than others. It then examines the causes of the boom and bust, including the availability of credit, the perceived risk reduction due to the securitization of mortgages, and the increase in lending from foreign sources. Finally, it examines a range of policies that might address some of the sources of recent instability.
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity Publisher: ISBN: Category : Law Languages : en Pages : 544
Author: Thomas Sowell Publisher: Basic Books (AZ) ISBN: 0465018807 Category : Business & Economics Languages : en Pages : 194
Book Description
Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.
Author: Susan M. Wachter Publisher: University of Pennsylvania Press ISBN: 0812204301 Category : Business & Economics Languages : en Pages : 399
Book Description
Successful home ownership requires the availability of appropriate mortgage products. In the years leading up to the collapse of the housing market, home buyers frequently accepted mortgages that were not only wrong for them but catastrophic for the economy as a whole. When the housing market bubble burst, so did a cornerstone of the American dream for many families. Restoring the promise of this dream requires an unflinching inspection of lending institutions and the right tools to repair the structures that support solid home purchases. The American Mortgage System: Crisis and Reform focuses on the causes of the housing market collapse and proposes solutions to prevent another rash of foreclosures. Edited by two leaders in the field of real estate and finance, Susan M. Wachter and Marvin M. Smith, The American Mortgage System examines key elements of the mortgage meltdown. The volume's contributors address the influence of the Community Reinvestment Act, which is often blamed for the crisis. They uncover how the government-sponsored enterprises Fannie Mae and Freddie Mac invested outside the housing market with disastrous results. They present surprising information about low-income borrowers and the strengths of local banks. This collection of thoughtful studies includes extensive analysis of loan practices and the creation of unstable mortgage securities, presenting data largely unavailable until now. More than a critique, The American Mortgage System offers solutions to the problems facing the future of American home ownership, including identifying asset price bubbles, calculating risk, and preventing discrimination in lending. Measured yet timely and by turns provocative, The American Mortgage System provides a careful assessment of a troubled but indispensable part of the economic and social structure of the United States. This book is a sound investment for economists, urban planners, and all who shape public policy.
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Publisher: ISBN: Category : Political Science Languages : en Pages : 52
Author: Breck L. Robinson
Author: Breck L. Robinson
Author: William H. Locke
Author: United States. National Housing Agency
Author: United States. Congress. House. Committee on Veterans' Affairs. Subcommittee on Housing and Memorial Affairs
Author: Edward L. Glaeser
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity
Author: Thomas Sowell
Author: Susan M. Wachter
Author: 
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs