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612-822-4611
Crowding Out Effects of Refinancing on New Purchase Mortgages

Crowding Out Effects of Refinancing on New Purchase Mortgages

Paperback

Business General

ISBN10: 1511660465
ISBN13: 9781511660464
Publisher: Createspace
Published: Apr 12 2015
Pages: 40
Weight: 0.26
Height: 0.08 Width: 8.50 Depth: 11.02
Language: English
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.

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Business General