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Working Papers

The Role of Investors in Acquiring Foreclosed Properties in Boston

Chris Herbert, Lauren Lambie-Hanson, Irene Lew, Rocio Sanchez-Moyano • October 23, 2013

W13-6: As the housing bust accelerated in 2008, concerns mounted about the impact of rising foreclosure levels on low-income and minority communities where nonprime…
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

Prepayment Risk and Lower Income Mortgage Borrowers

Wayne Archer, David Ling, Gary McGill • October 9, 2001

This paper examines the differential home mortgage termination experience of “affordable housing” households in the United States from 1985 to 1995. Using five two-year…