This paper empirically and theoretically analyzes the effect of debt reductions that reduce long-term but not short-term obligations. Isolating the effect of future…
BABC 04-7: Little systematic work exists to address the many and varied ways some borrowers end up with subprime mortgages and to what extent those loans serve the true…
J. Michael Collins, Eric Belsky, Micky Tripathi
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July 15, 1999
W99-7: This paper provides a step-by-step approach to understanding and estimating the economic benefits of helping lower-income households buy and own their first home…