Homeownership for the long run: an analysis of homeowner subsidies
AbstractThis 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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Bibliographic InfoPaper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 1021.
Date of creation: 2010
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-20 (All new papers)
- NEP-RMG-2010-11-20 (Risk Management)
- NEP-URE-2010-11-20 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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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