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Crowding Out Effects of Refinancing on New Purchase Mortgages
Product Code:
9781511660464
ISBN13:
9781511660464
Condition:
New
$15.75
Crowding Out Effects of Refinancing on New Purchase Mortgages
$15.75
We present evidence that binding mortgage processing capacity constraints reduce mortgage originations to borrowers with low to modest credit scores. Mortgage processing capacity constraints typically bind when the demand for mortgage refinancing shifts outward, usually because of lower mortgage rates.
| Author: Federal Reserve Board |
| Publisher: Createspace Independent Publishing Platform |
| Publication Date: Apr 12, 2015 |
| Number of Pages: 40 pages |
| Binding: Paperback or Softback |
| ISBN-10: 1511660465 |
| ISBN-13: 9781511660464 |
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