Tight credit conditions continue to constrain the housing recovery

Jordan Rappaport and Paul Willen

No 141, Current Policy Perspectives from Federal Reserve Bank of Boston

Abstract: The expansion of Federal Housing Administration lending has let households with imperfect credit or the inability to make a large down payment maintain access to mortgage borrowing. Rather than excluding such households, lenders have been applying strict underwriting conditions on all borrowers. Clarifying what constitutes approved lending may help relax credit conditions with minimal increase in risk.

JEL-codes: E66 (search for similar items in EconPapers)
Pages: 4 pages
Date: 2014-07-07
New Economics Papers: this item is included in nep-mac and nep-ure
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.bostonfed.org/economic/current-policy-perspectives/2014/cpp1401.pdf Full text (application/pdf)

Related works:
Journal Article: Tight credit conditions continue to constrain the housing recovery (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedbcq:2014_001

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Current Policy Perspectives from Federal Reserve Bank of Boston Contact information at EDIRC.
Bibliographic data for series maintained by Catherine Spozio ().