Ten years after the financial crisis of 2008, there is widespread agreement that the boom in
mortgage lending and its subsequent reversal were at the core of the Great Recession. We …

This paper identifies the impact of borrowing constraints on homeownership in the US in the
aftermath of the 2008 financial crisis. While homeownership declines and tightened credit …

This paper documents a number of key facts about the evolution of mortgage debt,
homeownership, debt burden, and subsequent delinquency during the recent housing boom …

Between the 1940s and the 1960s, the US homeownership rate increased by nearly 20
percentage points, from mid-40 to mid-60 percent. The self-amortizing 30-year, fixed-rate …

Access to homeownership is central to both wealth and ethno-racial stratification. Previous
research demonstrates ethno-racial inequality in homeownership such as unequal …

The mortgage industry is central to ethno-racial stratification in access to homeownership.
Obtaining a successful mortgage origination requires many steps, points of verification, and …

The tightening of mortgage credit in the aftermath of the global financial crisis has been
identified as a factor in the decline of homeownership in the United States to 50-year lows. In …

I study whether commercial banks' loan loss allowances were inadequate during the 2008
financial crisis because bank managers relied on low-quality information to estimate loan …

The mortgage industry is a key component of ethno-racial stratification in wealth and
homeownership. Previous research demonstrates that unequal treatment of minorities has …

Unequal homeownership access is a major component of ethno-racial stratification.
Previous studies have demonstrated substantial ethno-racial disparities in access and …