Prior research suggests that comparison shopping for mortgages when purchasing a home helps secure a lower interest rate. In theory, the benefits of mortgage shopping should…
One of the justifications for federal involvement in the homeownership market is that it provides one of the few ways that low-income households can accumulate wealth. But…
Kerry Spitzer, Lauren Lambie-Hanson
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November 6, 2019
The US Department of Veterans Affairs (VA) home loan guaranty program lowers the cost of homeownership for veterans and their families by removing the barriers of a down…
Jake Interrante, Elliot Schmiedl
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October 30, 2019
This paper compares actual wealth building outcomes in the Massachusetts Housing Partnership’s (MHP) subsidized ONE Mortgage Program to hypothetical outcomes for a borrower…
Kristin Perkins, Shannon Rieger, Jonathan Spader, Chris Herbert
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October 21, 2019
Previous studies of the financial constraints for homeownership attainment have found that cash grants to cover down payment and closing costs can fairly substantially…
Persistently large gaps in homeownership between whites and Hispanics are a major contributor to wealth inequality. This article considers whether Hispanics and whites are…
Stephanie Moulton, Cäzilia Loibl, Donald Haurin, Chrisse Edmunds
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September 20, 2019
As of 2016, close to 10 million older adults faced the threat of hunger in the US, constituting an urgent food policy issue. For older adults, heterogeneity in household…
Ann Carpenter, Taz George, Lisa Nelson
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August 29, 2019
This paper examines contract for deed activity across six Midwestern states to improve our understanding of this market and the places in which this activity occurs. Using…
This paper seeks to refine our understanding of how refinancing a mortgage affects household outcomes. This issue has attracted particular attention in the wake of the Great…
