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Research Notes

Subprime Lending and the Community Reinvestment Act

Kevin Park • November 1, 2008

There are many causes to the collapse of the housing market and the recent financial turmoil, but the contribution of the CRA appears marginal. While banks did engage in…
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…