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Working Papers

How Do Foreclosures Exacerbate Housing Downturns?

Adam Guren, Tim McQuade • October 26, 2013

W13-8: The recent housing bust precipitated a wave of mortgage defaults, with over seven percent of the owner-occupied housing stock experiencing a foreclosure.…
Working Papers

Performance of Low-Income and Minority Mortgages

Robert Van Order, Peter Zorn • October 10, 2001

This paper analyses the performance of low-income and minority loans (LIMLs) from a large sample of fixed-rate mortgages purchased by Freddie Mac in the 1990s. Our focus is…