Evaluating the Benefits of a Streamlined Refinance Program

Kristopher Gerardi, Lara Loewenstein and Paul Willen

Housing Policy Debate, 2021, vol. 31, issue 1, 51-65

Abstract: Mortgage borrowers who have experienced employment disruptions as a result of the COVID-19 pandemic are unable to refinance their loans to take advantage of historically low market rates. In this article, we analyze the effects of a streamlined refinance program for government-insured loans that would allow borrowers to refinance without needing to document employment or income. In addition, we consider a cash-out component that would allow borrowers to extract some of the substantial housing equity that many have accumulated in recent years.

Date: 2021
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Journal Article: Evaluating the Benefits of a Streamlined Refinance Program (2020)
Working Paper: Evaluating the Benefits of a Streamlined Refinance Program (2020)
Working Paper: Evaluating the Benefits of a Streamlined Refinance Program (2020)
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DOI: 10.1080/10511482.2020.1850014

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