Homeownership for the long run: an analysis of homeowner subsidies
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.
|Date of creation:||2010|
|Date of revision:||01 Jan 2011|
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- Anthony Pennington-Cross, 2004.
"The value of foreclosed property,"
2004-022, Federal Reserve Bank of St. Louis.
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