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Homeownership for the long run: an analysis of homeowner subsidies

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Author Info

  • O. Emre Ergungor

Abstract

This paper examines the impact of interest-rate and down-payment subsidies on default rates and losses given default, and finds that down-payment subsidies create successful homeowners at a lower cost than interest-rate subsidies.

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File URL: http://www.clevelandfed.org/research/Workpaper/2010/wp1021.pdf
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Bibliographic Info

Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 1021.

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Date of creation: 2010
Date of revision:
Handle: RePEc:fip:fedcwp:1021

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Related research

Keywords: Mortgage loans ; Default (Finance) ; Housing - Finance;

This paper has been announced in the following NEP Reports:

References

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  1. Anthony Pennington-Cross, 2006. "The Value of Foreclosed Property," Journal of Real Estate Research, American Real Estate Society, vol. 28(2), pages 193-214.
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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. How not to encourage home ownership
    by Economic Logician in Economic Logic on 2010-12-28 17:05:00

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  1. Economic Logic blog

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