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Working Papers

Imperfect Information and the Housing Finance Crisis

Edward Golding, Richard Green, Douglas McManus • February 1, 2008

UCC08-6: This paper has two parts. First, we look at the various agents involved in the mortgage transaction—including borrowers, brokers, originators, rating agencies…
Working Papers

Refinance and the Accumulation of Home Equity Wealth

Frank Nothaft, Yan Chang • February 10, 2004

BABC 04-10: Spending financed by home equity extraction helps smooth household consumption and bolster the economy in economic downturns, but may reduce wealth…
Working Papers

Multifamily Rental Housing in the 21st Century

Kent Colton, Katherine Collignon • January 5, 2001

W01-1: This paper examines the most pressing issues related to multifamily rental (apartment) housing. It begins with a brief review of the benefits apartments bring to…