Homeownership for the long run: an analysis of homeowner subsidies

Ozgur Ergungor ()

No 1021, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: This paper examines the impact of interest-rate and down-payment subsidies on default rates and losses given default, and finds that down-payment subsidies create successful homeowners at a lower cost than interest-rate subsidies.

Keywords: Mortgage loans; Default (Finance); Housing - Finance (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-rmg and nep-ure
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Citations: View citations in EconPapers (1)

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https://www.clevelandfed.org/newsroom-and-events/p ... owner-subsidies.aspx Full text (application/pdf)
https://www.clevelandfed.org/newsroom-and-events/p ... owner-subsidies.aspx Full text (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcwp:1021

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