| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18190 |
| 来源ID | Working Paper 18190 |
| Is the FHA Creating Sustainable Homeownership? | |
| Andrew Caplin; Anna Cororaton; Joseph Tracy | |
| 发表日期 | 2012-06-28 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We produce first results on the sustainability of homeownership for recent (2007-2009) FHA-insured borrowers. More than 15 percent of these borrowers have already been 90 days or more delinquent, while less than 7 percent have completed their graduation to sustainable homeownership by finally paying off all FHA mortgages. We project that the proportion who have been 90 days or more delinquent will rise above 30 percent within five years, while fewer than 15 percent will have completed their graduation to sustainable homeownership. We show that the FHA uses an outmoded econometric model that leads it to underestimate delinquency risk to borrowers and financial risks to taxpayers. Fannie Mae and Freddie Mac use this same outmoded model. More accurate estimates would serve the cause of transparency and help policy-makers to determine these organizations' appropriate roles in the U.S. housing finance markets of the future. |
| 主题 | Public Economics |
| URL | https://www.nber.org/papers/w18190 |
| 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/575866 |
| 推荐引用方式 GB/T 7714 | Andrew Caplin,Anna Cororaton,Joseph Tracy. Is the FHA Creating Sustainable Homeownership?. 2012. |
| 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 | ||
| w18190.pdf（538KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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