EconPapers    
Economics at your fingertips  
 

Details about Wayne Passmore

Workplace:Federal Reserve Board (Board of Governors of the Federal Reserve System), (more information at EDIRC)

Access statistics for papers by Wayne Passmore.

Last updated 2017-02-27. Update your information in the RePEc Author Service.

Short-id: ppa1157


Jump to Journal Articles Chapters

Working Papers

2017

  1. FHA, Fannie Mae, Freddie Mac, and the Great Recession
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads

2016

  1. Government-Backed Mortgage Insurance Promoted a Speedier Recovery from the Great Recession
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) Downloads

2014

  1. How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads

2012

  1. The Federal Reserve's portfolio and its effects on mortgage markets
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (2)

2011

  1. Did the Federal Reserve's MBS purchase program lower mortgage rates?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (90)
    See also Journal Article in Journal of Monetary Economics (2011)

2010

  1. A framework that incorporation contingent capital into the capital structure of systemically-important firms
    Proceedings, Federal Reserve Bank of Chicago
  2. A proposal for "financial institutions' secured asset-backed insurance fund" or FINSAIF
    Proceedings, Federal Reserve Bank of Chicago
  3. An analysis of government guarantees and the functioning of asset-backed securities markets
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (10)
  4. The bank lending channel of monetary policy and its effect on mortgage lending
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (3)

2007

  1. A summary of "Federal Home Loan Bank advances and commercial bank portfolio composition"
    Proceedings, Federal Reserve Bank of Chicago
  2. Bank core deposits and the mitigation of monetary policy
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (13)
  3. Federal Home Loan Bank advances and commercial bank portfolio composition
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (1)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2007) Downloads View citations (3)

    See also Journal Article in Journal of Money, Credit and Banking (2012)

2006

  1. Federal Reserve research on government-sponsored enterprises
    Proceedings, Federal Reserve Bank of Chicago
  2. GSEs, mortgage rates, and secondary market activities
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) (2005) Downloads View citations (13)

    See also Journal Article in The Journal of Real Estate Finance and Economics (2008)
  3. The competitive effects of risk-based bank capital regulation: an example from U.S. mortgage markets
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (3)

2005

  1. An analysis of the potential competitive impacts of Basel II capital standards on U.S. mortgage rates and mortgage securitization
    Basel II White Paper Downloads View citations (13)
  2. Basel II competitive implications
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
  3. The GSE implicit subsidy and the value of government ambiguity
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (34)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) (2003) Downloads View citations (11)
  4. The effect of housing government-sponsored enterprises on mortgage rates
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (34)

2004

  1. An update to the GSE implicit subsidy and the value of government ambiguity
    Proceedings, Federal Reserve Bank of Chicago

2002

  1. Does the Community Reinvestment Act (CRA) cause banks to provide a subsidy to some mortgage borrowers?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (6)
  2. Measuring the CRA subsidy in mortgage markets
    Proceedings, Federal Reserve Bank of Chicago

2001

  1. GSEs, mortgage rates, and the long-run effects of mortgage securitization
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads
    See also Journal Article in The Journal of Real Estate Finance and Economics (2002)
  2. The simple microeconomics of government-sponsored enterprises
    Proceedings, Federal Reserve Bank of Chicago

2000

  1. Credit scoring and mortgage securitization: do they lower mortgage rates?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (3)

1999

  1. Pricing systemic crises: monetary and fiscal policy when savers are uncertain
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (1)
  2. The banking industry and the safety net subsidy
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads

1998

  1. Is mortgage lending by savings associations special?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (1)
    See also Journal Article in Economic Review (1998)
  2. The subsidy provided by the federal safety net: theory, measurement, and containment
    Proceedings, Federal Reserve Bank of Chicago View citations (5)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (2)

1997

  1. The Community Reinvestment Act and the profitability of mortgage-oriented banks
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (4)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads View citations (2)
  2. The effect of automated underwriting on adverse selection and on the profitability of mortgage securitization
    Proceedings, Federal Reserve Bank of Chicago
  3. The effect of automated underwriting on the profitability of mortgage securitization
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) Downloads

1996

  1. The relative profitability of commercial banks active in lending in lower-income borrowers
    Proceedings, Federal Reserve Bank of Chicago View citations (1)

1995

  1. Implementing CRA: what is the target?
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
  2. Putting the squeeze on a market for lemons: government-sponsored mortgage securitization
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) View citations (1)
    See also Journal Article in The Journal of Real Estate Finance and Economics (1996)

1994

  1. Optimal bank portfolios and the credit crunch
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) View citations (9)

1993

  1. An efficiency model of deposit pricing and rate rigidity
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) View citations (1)

1992

  1. Market power and the pricing of mortgage securitization
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) View citations (9)
  2. The influence of risk-adjusted capital regulations on asset allocation by savings and loans
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) View citations (4)

1991

  1. Can banks profitably fund mortgages?
    Proceedings, Federal Reserve Bank of Chicago
  2. Can retail depositories fund mortgages profitably?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (US) View citations (5)

1988

  1. Loan loss reserves and stock market valuations of financial institutions
    Proceedings, Federal Reserve Bank of Chicago

1986

  1. Strategic niche and the profitability of banking
    Proceedings, Federal Reserve Bank of Chicago View citations (2)

Journal Articles

2018

  1. GSE guarantees, financial stability, and home equity accumulation
    Economic Policy Review, 2018, (24-3), 11-27 Downloads
  2. The FHA and the GSEs as countercyclical tools in the mortgage markets
    Economic Policy Review, 2018, (24-3), 28-40 Downloads

2016

  1. Cost of funds indexed mortgage contracts with government-backed catastrophic insurance (COFI-Cats): A realistic alternative to the 30-year fixed-rate mortgage?
    Journal of Economics and Business, 2016, 84, (C), 109-130 Downloads

2015

  1. How Does the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates?
    Real Estate Economics, 2015, 43, (4), 855-890 Downloads View citations (11)

2012

  1. Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition
    Journal of Money, Credit and Banking, 2012, 44, (4), 661-684 Downloads View citations (6)
    See also Working Paper (2007)

2011

  1. Did the Federal Reserve's MBS purchase program lower mortgage rates?
    Journal of Monetary Economics, 2011, 58, (5), 498-514 Downloads View citations (77)
    See also Working Paper (2011)

2009

  1. Strategic Trading in Multiple Assets and the Effects on Market Volatiliy
    International Journal of Central Banking, 2009, 5, (4), 143-172 Downloads View citations (5)
  2. Three Initiatives Enhancing the Mortgage Market and Promoting Financial Stability
    The B.E. Journal of Economic Analysis & Policy, 2009, 9, (3), 1-25 Downloads View citations (4)

2008

  1. GSEs, Mortgage Rates, and Secondary Market Activities
    The Journal of Real Estate Finance and Economics, 2008, 36, (3), 343-363 Downloads View citations (13)
    See also Working Paper (2006)

2006

  1. Comment on: "An options-based approach to evaluating the risk of Fannie Mae and Freddie Mac"
    Journal of Monetary Economics, 2006, 53, (1), 177-182 Downloads View citations (4)

2002

  1. GSEs, Mortgage Rates, and the Long-Run Effects of Mortgage Securitization
    The Journal of Real Estate Finance and Economics, 2002, 25, (2-3), 215-42 Downloads View citations (25)
    See also Working Paper (2001)
  2. Mortgage refinancing in 2001 and early 2002
    Federal Reserve Bulletin, 2002, (Dec), 469-481 Downloads View citations (53)

2001

  1. Credit Scoring and Mortgage Securitization: Implications for Mortgage Rates and Credit Availability
    The Journal of Real Estate Finance and Economics, 2001, 23, (3), 337-63 Downloads View citations (27)

2000

  1. Do Savings Associations Have a Special Commitment to Housing?
    Journal of Financial Services Research, 2000, 17, (1), 41-68 Downloads View citations (2)

1999

  1. The role of specialized lenders in extending mortgages to lower-income and minority homebuyers
    Federal Reserve Bulletin, 1999, (Nov), 709-726 Downloads View citations (11)

1998

  1. Is mortgage lending by savings associations special?
    Economic Review, 1998, 30-46 Downloads
    See also Working Paper (1998)
  2. The subsidy provided by the federal safety net: theory and measurement
    Proceedings, 1998, (Sep) View citations (6)

1996

  1. Distribution of credit risk among providers of mortgages to lower- income and minority homebuyers
    Federal Reserve Bulletin, 1996, (Dec), 1077-1102 View citations (12)
  2. Putting the Squeeze on a Market for Lemons: Government-Sponsored Mortgage Securitization
    The Journal of Real Estate Finance and Economics, 1996, 13, (1), 27-43 View citations (9)
    See also Working Paper (1995)

1995

  1. Credit risk and the provision of mortgages to lower-income and minority homebuyers
    Federal Reserve Bulletin, 1995, (Nov), 989-1016 View citations (3)
  2. Home purchase lending in low-income neighborhoods and to low-income borrowers
    Federal Reserve Bulletin, 1995, (Feb), 71-103 View citations (8)

1994

  1. Correction of a table appearing in the February 1994 issue in " Residential lending to low-income and minority families: evidence from the 1992 HMDA data."
    Federal Reserve Bulletin, 1994, (Mar), 239
  2. Private mortgage insurance
    Federal Reserve Bulletin, 1994, (Oct), 883-899 View citations (7)
  3. Residential lending to low-income and minority families: evidence from the 1992 HMDA data
    Federal Reserve Bulletin, 1994, (Feb), 79-108 View citations (11)

1993

  1. Econometric Models of the Eleventh District Cost of Funds Index
    The Journal of Real Estate Finance and Economics, 1993, 6, (2), 175-88 View citations (4)

Chapters

2001

  1. Pragmatic monitoring of financial stability
    A chapter in Marrying the macro- and micro-prudential dimensions of financial stability, 2001, vol. 01, pp 367-384 Downloads
 
Page updated 2019-10-17