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The mortgage market in 2010: highlights from the data reported under the Home Mortgage Disclosure Act

Author

Listed:
  • Robert B. Avery
  • Neil Bhutta
  • Kenneth P. Brevoort
  • Glenn B. Canner

Abstract

This article presents a number of key findings from a review of the data that mortgage lending institutions reported for 2010 under the Home Mortgage Disclosure Act (HMDA). The article documents home-purchase lending activity reflected in the HMDA data and discusses how the ending of the government's first-time homebuyer tax credit program during the year may have affected such lending. It also documents refinance lending activity and explores factors that may have muted such lending during 2010. In addition, the article closely examines patterns of lending across different racial or ethnic and income groups and across areas that differ in terms of housing market distress. Finally, it describes the federal government's role in the mortgage market over the past several years and investigates how upcoming changes in loan limits might affect this role and the mortgage market going forward.

Suggested Citation

  • Robert B. Avery & Neil Bhutta & Kenneth P. Brevoort & Glenn B. Canner, "undated". "The mortgage market in 2010: highlights from the data reported under the Home Mortgage Disclosure Act," Federal Reserve Bulletin y:2011:n:v.97, Board of Governors of the Federal Reserve System (U.S.).
  • Handle: RePEc:fip:fedgrb:y:2011:n:v.97
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    File URL: http://www.federalreserve.gov/pubs/bulletin/2011/pdf/2010_HMDA.pdf
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    Citations

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    Cited by:

    1. Valentin Bolotnyy, 2014. "The Government-Sponsored Enterprises and the Mortgage Crisis: The Role of the Affordable Housing Goals," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 42(3), pages 724-755, September.
    2. Daniel García, 2020. "Employment in the Great Recession: How Important Were Household Credit Supply Shocks?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(1), pages 165-203, February.
    3. Martin Beraja & Andreas Fuster & Erik Hurst & Joseph Vavra, 2019. "Regional Heterogeneity and the Refinancing Channel of Monetary Policy," The Quarterly Journal of Economics, Oxford University Press, vol. 134(1), pages 109-183.
    4. Charters, Thomas J. & Harper, Sam & Strumpf, Erin C. & Subramanian, S.V. & Arcaya, Mariana & Nandi, Arijit, 2016. "The effect of metropolitan-area mortgage delinquency on health behaviors, access to health services, and self-rated health in the United States, 2003–2010," Social Science & Medicine, Elsevier, vol. 161(C), pages 74-82.
    5. Daniel Garcia, 2018. "Employment in the Great Recession : How Important Were Household Credit Supply Shocks?," Finance and Economics Discussion Series 2018-074, Board of Governors of the Federal Reserve System (U.S.), revised 13 Nov 2018.
    6. Neil Bhutta & Paige Marta Skiba & Jeremy Tobacman, 2015. "Payday Loan Choices and Consequences," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(2-3), pages 223-260, March.
    7. Neil Bhutta, 2014. "The ins and outs of mortgage debt during the housing boom and bust," Finance and Economics Discussion Series 2014-91, Board of Governors of the Federal Reserve System (U.S.), revised 23 Jul 2014.

    More about this item

    Keywords

    Home Mortgage Disclosure Act; Mortgages;

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