Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications
Author
Abstract
Suggested Citation
Note: EFG
Download full text from publisher
Other versions of this item:
- Christopher L. Foote & Lara Loewenstein & Paul S. Willen, 2019. "Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications," Working Papers 201919, Federal Reserve Bank of Cleveland.
- Christopher L. Foote & Lara Loewenstein & Paul S. Willen, 2016. "Cross-sectional patterns of mortgage debt during the housing boom: evidence and implications," Working Papers 16-12, Federal Reserve Bank of Boston.
References listed on IDEAS
- Atif Mian & Amir Sufi, 2017.
"Fraudulent Income Overstatement on Mortgage Applications During the Credit Expansion of 2002 to 2005,"
Review of Financial Studies, Society for Financial Studies, vol. 30(6), pages 1832-1864.
- Atif R. Mian & Amir Sufi, 2015. "Fraudulent Income Overstatement on Mortgage Applications during the Credit Expansion of 2002 to 2005," NBER Working Papers 20947, National Bureau of Economic Research, Inc.
- Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2016.
"Understanding Booms and Busts in Housing Markets,"
Journal of Political Economy, University of Chicago Press, vol. 124(4), pages 1088-1147.
- Burnside, Craig & Eichenbaum, Martin & Rebelo, Sérgio, 2011. "Understanding Booms and Busts in Housing Markets," CEPR Discussion Papers 8232, C.E.P.R. Discussion Papers.
- Sergio Rebelo & Martin Eichenbaum & Craig Burnside, 2012. "Understanding Booms and Busts in Housing Markets," 2012 Meeting Papers 114, Society for Economic Dynamics.
- Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2011. "Understanding Booms and Busts in Housing Markets," NBER Working Papers 16734, National Bureau of Economic Research, Inc.
- Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2012. "Understanding booms and busts in housing markets," FRB Atlanta CQER Working Paper 2012-02, Federal Reserve Bank of Atlanta, revised 2012.
- Jack Favilukis & Sydney C. Ludvigson & Stijn Van Nieuwerburgh, 2017.
"The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk Sharing in General Equilibrium,"
Journal of Political Economy, University of Chicago Press, vol. 125(1), pages 140-223.
- Jack Favilukis & Sydney C. Ludvigson & Stijn Van Nieuwerburgh, 2010. "The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium," NBER Working Papers 15988, National Bureau of Economic Research, Inc.
- Sydney Ludvigson & Stijn Van Nieuwerburgh & Jack Favilukis, 2010. "The Macroeconomic E¤ects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium," 2010 Meeting Papers 733, Society for Economic Dynamics.
- Bhutta, Neil, 2015. "The ins and outs of mortgage debt during the housing boom and bust," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 284-298.
- Fernando Ferreira & Joseph Gyourko, 2015. "A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012," NBER Working Papers 21261, National Bureau of Economic Research, Inc.
- Meta Brown & Andrew F. Haughwout & Donghoon Lee & Wilbert Van der Klaauw, 2015. "Do we know what we owe? Consumer debt as reported by borrowers and lenders," Economic Policy Review, Federal Reserve Bank of New York, issue 21-1, pages 19-44.
- Juan Ospina & Harald Uhlig, 2018.
"Mortgage-Backed Securities and the Financial Crisis of 2008: a Post Mortem,"
NBER Working Papers
24509, National Bureau of Economic Research, Inc.
- Ospina, Juan & Uhlig, Harald, 2018. "Mortgage-Backed Securities and the Financial Crisis of 2008: a Post Mortem," CEPR Discussion Papers 12852, C.E.P.R. Discussion Papers.
- Charles Nathanson & Edward Glaeser, 2015. "An Extrapolative Model of House Price Dynamics," 2015 Meeting Papers 1108, Society for Economic Dynamics.
- Nobuhiro Kiyotaki & Alexander Michaelides & Kalin Nikolov, 2011.
"Winners and Losers in Housing Markets,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(2‐3), pages 255-296, March.
- Nobuhiro Kiyotaki & Alexander Michaelides & Kalin Nikolov, 2011. "Winners and Losers in Housing Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 255-296, March.
- Nobuhiro Kiyotaki & Alexander Michaelides & Kalin Nikolov, 2007. "Winners and Losers in Housing Markets," CDMA Conference Paper Series 0705, Centre for Dynamic Macroeconomic Analysis.
- Kiyotaki, Nobuhiro & Michaelides, Alexander & Nikolov, Kalin, 2010. "Winners and Losers in Housing Markets," CEPR Discussion Papers 7953, C.E.P.R. Discussion Papers.
- Edward L. Glaeser & Charles G. Nathanson, 2015. "An Extrapolative Model of House Price Dynamics," NBER Working Papers 21037, National Bureau of Economic Research, Inc.
- Stefania Albanesi, 2016.
"Credit Growth and the Financial Crisis: A New Narrative,"
2016 Meeting Papers
575, Society for Economic Dynamics.
- Albanesi, Stefania & De Giorgi, Giacomo & Nosal, Jaromir, 2017. "Credit Growth and the Financial Crisis: A New Narrative," CEPR Discussion Papers 12230, C.E.P.R. Discussion Papers.
- Stefania Albanesi & Giacomo DeGiorgi & Jaromir Nosal, 2017. "Credit Growth and the Financial Crisis: A New Narrative," Working Papers 2017-066, Human Capital and Economic Opportunity Working Group.
- Stefania Albanesi & Giacomo De Giorgi & Jaromir Nosal, 2017. "Credit Growth and the Financial Crisis: A New Narrative," NBER Working Papers 23740, National Bureau of Economic Research, Inc.
- Stefania Albanesi, 2017. "Credit Growth and the Financial Crisis: A New Narrative," Working Paper 6174, Department of Economics, University of Pittsburgh.
- Gerardi Kristopher & Willen Paul, 2009.
"Subprime Mortgages, Foreclosures, and Urban Neighborhoods,"
The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(3), pages 1-37, March.
- Kristopher S. Gerardi & Paul S. Willen, 2008. "Subprime mortgages, foreclosures, and urban neighborhoods," Public Policy Discussion Paper 08-6, Federal Reserve Bank of Boston.
- Kristopher S. Gerardi & Paul S. Willen, 2009. "Subprime mortgages, foreclosures, and urban neighborhoods," FRB Atlanta Working Paper 2009-01, Federal Reserve Bank of Atlanta.
- Glaeser, Edward L. & Nathanson, Charles G., 2015. "An Extrapolative Model of House Price Dynamics," Working Paper Series rwp15-012, Harvard University, John F. Kennedy School of Government.
- Atif Mian & Amir Sufi, 2009. "The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis," The Quarterly Journal of Economics, Oxford University Press, vol. 124(4), pages 1449-1496.
- Robert Shimer, 2005. "The Cyclical Behavior of Equilibrium Unemployment and Vacancies," American Economic Review, American Economic Association, vol. 95(1), pages 25-49, March.
- Edward L. Glaeser & Joshua D. Gottlieb & Joseph Gyourko, 2012.
"Can Cheap Credit Explain the Housing Boom?,"
NBER Chapters, in: Housing and the Financial Crisis, pages 301-359,
National Bureau of Economic Research, Inc.
- Edward L. Glaeser & Joshua D. Gottlieb & Joseph Gyourko, 2010. "Can Cheap Credit Explain the Housing Boom?," NBER Working Papers 16230, National Bureau of Economic Research, Inc.
- Neil Bhutta & Benjamin J. Keys, 2016. "Interest Rates and Equity Extraction during the Housing Boom," American Economic Review, American Economic Association, vol. 106(7), pages 1742-1774, July.
- Patrick Bayer & Kyle Mangum & James W. Roberts, 2016. "Speculative Fever: Investor Contagion in the Housing Bubble," NBER Working Papers 22065, National Bureau of Economic Research, Inc.
- Manuel Adelino & Antoinette Schoar & Felipe Severino, 2016. "Editor's Choice Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class," Review of Financial Studies, Society for Financial Studies, vol. 29(7), pages 1635-1670.
- James Poterba & Todd Sinai, 2008. "Tax Expenditures for Owner-Occupied Housing: Deductions for Property Taxes and Mortgage Interest and the Exclusion of Imputed Rental Income," American Economic Review, American Economic Association, vol. 98(2), pages 84-89, May.
- Munnell, Alicia H. & Geoffrey M. B. Tootell & Lynn E. Browne & James McEneaney, 1996.
"Mortgage Lending in Boston: Interpreting HMDA Data,"
American Economic Review, American Economic Association, vol. 86(1), pages 25-53, March.
- Lynn E. Browne & James McEneaney & Alicia H. Munnell & Geoffrey M. B. Tootell, 1992. "Mortgage lending in Boston: interpreting HMDA data," Working Papers 92-7, Federal Reserve Bank of Boston.
- Neil Bhutta, 2015. "The Ins and Outs of Mortgage Debt : An Update," FEDS Notes 2015-12-07, Board of Governors of the Federal Reserve System (U.S.).
- Kau James B. & Keenan Donald C. & Kim Taewon, 1994. "Default Probabilities for Mortgages," Journal of Urban Economics, Elsevier, vol. 35(3), pages 278-296, May.
- Emmanuel Saez & Gabriel Zucman, 2016. "Editor's Choice Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data," The Quarterly Journal of Economics, Oxford University Press, vol. 131(2), pages 519-578.
- Gene Amromin & Leslie McGranahan, 2015. "The Great Recession and Credit Trends across Income Groups," American Economic Review, American Economic Association, vol. 105(5), pages 147-153, May.
- Alp Simsek, 2013. "Belief Disagreements and Collateral Constraints," Econometrica, Econometric Society, vol. 81(1), pages 1-53, January.
- Benjamin J. Keys & Tanmoy Mukherjee & Amit Seru & Vikrant Vig, 2010. "Did Securitization Lead to Lax Screening? Evidence from Subprime Loans," The Quarterly Journal of Economics, Oxford University Press, vol. 125(1), pages 307-362.
More about this item
JEL classification:
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- E03 - Macroeconomics and Monetary Economics - - General - - - Behavioral Macroeconomics
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2017-01-01 (Macroeconomics)
- NEP-URE-2017-01-01 (Urban & Real Estate Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:22985. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/nberrus.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.