| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15802 |
| 来源ID | Working Paper 15802 |
| Reassessing FHA Risk | |
| Diego Aragon; Andrew Caplin; Sumit Chopra; John V. Leahy; Yann LeCun; Marco Scoffier; Joseph Tracy | |
| 发表日期 | 2010-03-04 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Federal Housing Administration (FHA) insurance has doubled over the past two years and is projected to redouble to $1.5 trillion over the next five. Despite clear signs of strain in the FHA's Mutual Mortgage Insurance Fund, a recent actuarial review indicates that the FHA will not need any form of government support. We identify four risk factors that make such a funding request more likely; the review underestimates how many FHA borrowers are underwater and in economic distress; it uses measures of house values that lower loss estimates; it does not incorporate early-warning signals of future losses that are available from mortgage delinquency; and it ignores potential risks associated with recent down-payment assistant programs despite higher losses on previous programs of this type. We propose measures that could be taken to improve the predictive accuracy of FHA risk assessment. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Financial Institutions ; Public Economics |
| URL | https://www.nber.org/papers/w15802 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573477 |
| 推荐引用方式 GB/T 7714 | Diego Aragon,Andrew Caplin,Sumit Chopra,et al. Reassessing FHA Risk. 2010. |
| 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 | ||
| w15802.pdf（3278KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
