Impacts of Down Payment Underwriting Standards on Loan Performance

Ken Lam, Robert Dunsky () and Austin Kelly

No 13-03, FHFA Staff Working Papers from Federal Housing Finance Agency

Abstract: Policy discussions are increasingly focused on a return to more conservative mortgage underwriting standards. This study explores the relationship between down payment (loan-to-value ratio or LTV) requirements and loan performance of GSE and FHA mortgages, controlling for borrower characteristics and housing market conditions.

Pages: 47 pages
Date: 2013-12
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Citations: View citations in EconPapers (9)

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