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, 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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