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Crowding Out Effects of Refinancing on New Purchase Mortgages

Crowding Out Effects of Refinancing on New Purchase Mortgages

Paperback (12 Apr 2015)

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Publisher's Synopsis

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.

Book information

ISBN: 9781511660464
Publisher: Createspace Independent Publishing Platform
Imprint: Createspace Independent Publishing Platform
Pub date:
Language: English
Number of pages: 40
Weight: 118g
Height: 280mm
Width: 216mm
Spine width: 2mm