Crowding Out Effects of Refinancing on New Purchase Mortgages / Najlacnejšie knihy
Crowding Out Effects of Refinancing on New Purchase Mortgages

Code: 17435067

Crowding Out Effects of Refinancing on New Purchase Mortgages

by Federal Reserve Board

We present evidence that binding mortgage processing capacity constraints reduce mortgage originations to borrowers with low to modest credit scores. Mortgage processing capacity constraints typically bind when the demand for mort ... more

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Book synopsis

We present evidence that binding mortgage processing capacity constraints reduce mortgage originations to borrowers with low to modest credit scores. Mortgage processing capacity constraints typically bind when the demand for mortgage refinancing shifts ou

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