| Crowding Out Effects of Refinancing on New Purchase Mortgages Contributor(s): Federal Reserve Board (Author) |
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ISBN: 1511660465 ISBN-13: 9781511660464 Publisher: Createspace Independent Publishing Platform OUR PRICE: $12.30 Product Type: Paperback Published: April 2015 |
| Additional Information |
| BISAC Categories: - Business & Economics |
| Physical Information: 0.08" H x 8.5" W x 11.02" (0.26 lbs) 40 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |