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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…
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…