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来源类型 | Brief |
规范类型 | 简报 |
Small-Dollar Mortgages: A Loan Performance Analysis | |
Alanna McCargo; Bing Bai; Sarah Strochak | |
发表日期 | 2019-03-06 |
出版年 | 2019 |
语种 | 英语 |
概述 | There is a significant lack of mortgage financing available for low-cost homes, which many first-time homebuyers and lower income families rely on to move into homeownership. Earlier research on small-dollar mortgages explains the market deficit and landscape. In this study, the researchers show that the commonly held perception that small-dollar mortgages are riskier than larger mortgages is not accurate. While |
摘要 | There is a significant lack of mortgage financing available for low-cost homes, which many first-time homebuyers and lower income families rely on to move into homeownership. Earlier research on small-dollar mortgages explains the market deficit and landscape. In this study, the researchers show that the commonly held perception that small-dollar mortgages are riskier than larger mortgages is not accurate. While significantly less prevalent, these loans perform like larger mortgage loan and the borrowers of small-dollar mortgages have comparable credit profiles to those of all mortgage borrowers. This analysis suggests that it is not appropriate from a risk management perspective to charge higher rates or risk premiums on small-dollar loans. Increasing the availability of these small dollar mortgages could help more households achieve homeownership. |
主题 | Finance ; Housing and Housing Finance ; Income and Wealth |
URL | https://www.urban.org/research/publication/small-dollar-mortgages-loan-performance-analysis |
来源智库 | Urban Institute (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/480515 |
推荐引用方式 GB/T 7714 | Alanna McCargo,Bing Bai,Sarah Strochak. Small-Dollar Mortgages: A Loan Performance Analysis. 2019. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
small_dollar_mortgag(214KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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