Demyanyk, Yuliya S., The Impact of Missed Payments and Foreclosures on Credit Scores (October 24, 2014). FRB of Cleveland Working Paper No. 14-23. Available for download at SSRN: http://ssrn.com/abstract=2514370 “This paper debunks the common perception that “foreclosure will ruin your credit score.” Using individual-level data from a credit bureau matched with loan-level mortgage data, it is… Continue Reading
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Category Archives: Housing
A blueprint for addressing the global affordable housing challenge
“Decent, affordable housing is fundamental to the health and well-being of people and to the smooth functioning of economies. Yet around the world, in developing and advanced economies alike, cities are struggling to meet that need. If current trends in urbanization and income growth persist, by 2025 the number of urban households that live in… Continue Reading
American Community Survey: 2011-2013
“The U.S. Census Bureau today released the second of its annual series of data sets from the American Community Survey, this one combining the three years of data collected between 2011 and 2013. The statistics paint a detailed portrait of the nation, all states, and the District of Columbia, all congressional districts and all other… Continue Reading
The Unequal Mortgage Market Is No Coincidence
Michela Zonta, Center for American Progress: “Persistent racial and ethnic inequality in the mortgage market is not a coincidence. Nearly 50 years after the adoption of the Fair Housing Act, newly released federal data indicate that people of color continued to lose ground in the homeownership market in 2013. In particular, black and Hispanic households continued to… Continue Reading
Returning to the Nest: Debt and Parental Co-Residence Among Young Adults
Dettling, Lisa J. and Hsu, Joanne W., Returning to the Nest: Debt and Parental Co-Residence Among Young Adults (September 2, 2014). FEDS Working Paper No. 2014-80. Available for download at SSRN: http://ssrn.com/abstract=2511411 “This paper examines the relationship between a young adults’ debt burden and the decision to co-reside with a parent. Using a quarterly panel of… Continue Reading
American Housing Survey: 2013 Detailed Tables
Release Number: CB14-TPS.78: “The first findings from the 2013 American Housing Survey are now available in the form of dozens of detailed tables and a microdata file. The American Housing Survey is conducted biennially and, as in past years, provides current national-level information on a wide range of housing subjects. Topics unique to this survey… Continue Reading
Federal Reserve Board Beige Book – October 15, 2014
Summary of Commentary on Current Economic Conditions By Federal Reserve District, October 2014 “Reports from the twelve Federal Reserve Districts generally described modest to moderate economic growth at a pace similar to that noted in the previous Beige Book. Moderate growth was reported by the Cleveland, Chicago, St. Louis, Minneapolis, Dallas, and San Francisco Districts,… Continue Reading
Housing: Before, During, and After The Great Recession
BLS – September 2014: Demtrio M.Scopelit – “Home ownership symbolizes the American dream. The home we live in often represents how we chose to live our lives. As Winston Churchill once said, “We shape our dwellings, and afterwards our dwellings shape us.” As the 2000s unfolded, economic growth and public policies designed to increase home ownership led… Continue Reading
Community Credit Profiles: Mortgage Markets
New York Fed Overview – Explore Maps: “Community Credit Profiles provide local information on credit access and use to help inform community development policymakers and practitioners. Indicators are updated twice a year at the national, state, and county levels to enable peer comparisons and program and activity benchmarks. Homeownership is a widely acknowledged marker of economic… Continue Reading
GAO – HOUSING FINANCE SYSTEM: A Framework for Assessing Potential Changes
A Framework for Assessing Potential Changes – GAO-15-131: Published: Oct 7, 2014. Publicly Released: Oct 7, 2014. “Developments in the single-family housing finance market from 2000-2013 led to changes in the federal government’s role in the housing finance system and ultimately to a significant increase in that role. For example: Before the 2007-2009 financial crisis, the market… Continue Reading
The Middle-Class Squeeze – Report
Jennifer Erickson | September 24, 2014, Center for American Progress “The American middle class is in trouble. The middle-class share of national income has fallen, middle-class wages are stagnant, and the middle class in the United States is no longer the world’s wealthiest. But income is only one side of the story. The cost of being in the middle… Continue Reading
Budgetary Estimates Single-Family Mortgage Guarantee Program of FHA
“Loan guarantees made in the Federal Housing Administration’s (FHA’s) guarantee program for single-family mortgages from 1992 to 2013 are now projected to generate small costs over their lifetimes rather than the significant savings that were recorded in the federal budget at the time the guarantees were made—a deterioration that stems largely from the sharp downturn… Continue Reading
