FRASER | Discover Economic History (2024)

Reducing Preventable Mortgage Disclosures : Remarks before the Independent Community Bankers of America, Orlando, Florida
Statements and Speeches of Ben S. Bernanke, Reducing Preventable Mortgage Disclosures : Remarks before the Independent Community Bankers of America, Orlando, Florida by Ben Bernanke, Board of Governors of the Federal Reserve System (U.S.)
AUTHOR(S): Bernanke, Ben; Board of Governors of the Federal Reserve System (U.S.), 1935-
DATE: March 4, 2008
PART OF: Statements and Speeches of Ben S. Bernanke
fraser.stlouisfed.org/.../reducing-preventable-mortgage-disclosures-8988

Monetary Policy and the Mortgage Market : Remarks at the 59th Annual Convention of the National Association of Real Estate Boards, Miami Beach, Florida
Statements and Speeches of Sherman J. Maisel, Monetary Policy and the Mortgage Market : Remarks at the 59th Annual Convention of the National Association of Real Estate Boards, Miami Beach, Florida by Board of Governors of the Federal Reserve System (U.S.), Sherman J. Maisel
AUTHOR(S): Board of Governors of the Federal Reserve System (U.S.), 1935-; Maisel, Sherman J.
DATE: November 16, 1966
PART OF: Statements and Speeches of Sherman J. Maisel
fraser.stlouisfed.org/.../monetary-policy-mortgage-market-37062

Remarks to the Secondary Mortgage Market Conference, U.S. League of Savings Associations, Miami, Florida
Statements and Speeches of Philip Chappell Jackson, Jr., Remarks to the Secondary Mortgage Market Conference, U.S. League of Savings Associations, Miami, Florida by Board of Governors of the Federal Reserve System (U.S.), Philip Chappell Jackson
AUTHOR(S): Board of Governors of the Federal Reserve System (U.S.), 1935-; Jackson, Philip Chappell, 1928-
DATE: January 27, 1976
PART OF: Statements and Speeches of Philip Chappell Jackson, Jr.
fraser.stlouisfed.org/.../

Posted Rates as Signals in Mortgage Lending Markets, Working Paper 94-19
A discussion of how mortgage lenders might use posted lending terms to signal both their eagerness to take new loan applications and their lending standards.
AUTHOR(S): Sniderman, Mark S.; Avery, Robert B.; Beeson, Patricia E.
DATE: December 1994
PART OF: Working Paper (Federal Reserve Bank of Cleveland)
fraser.stlouisfed.org/.../posted-rates-signals-mortgage-lending-markets-494619

Prospects for Recovery and Repair of Mortgage Markets : Remarks at the Conference of State Bank Supervisors Annual Conference, Amelia Island Plantation, Florida
Statements and Speeches of Randy Kroszner, Prospects for Recovery and Repair of Mortgage Markets : Remarks at the Conference of State Bank Supervisors Annual Conference, Amelia Island Plantation, Florida by Randy Kroszner, Board of Governors of the Federal Reserve System (U.S.)
AUTHOR(S): Kroszner, Randy; Board of Governors of the Federal Reserve System (U.S.), 1935-
DATE: May 22, 2008
PART OF: Statements and Speeches of Randy Kroszner
fraser.stlouisfed.org/.../prospects-recovery-repair-mortgage-markets-36804

Did nonrecourse mortgages cause the mortgage crisis?
Real Estate Research, Did nonrecourse mortgages cause the mortgage crisis? by Paul S. Willen, Christopher Lee Foote, Kristopher S. Gerardi
AUTHOR(S): Willen, Paul S.; Foote, Christopher Lee; Gerardi, Kristopher S.
DATE: February 18, 2010
PART OF: Real Estate Research
fraser.stlouisfed.org/.../nonrecourse-mortgages-cause-mortgage-crisis-656479

Mortgage Refinancing
Economic Letter (Federal Reserve Bank of San Francisco), Mortgage Refinancing by Milton H. Marquis, John Krainer
AUTHOR(S): Marquis, Milton H.; Krainer, John
DATE: October 3, 2003
PART OF: Economic Letter (Federal Reserve Bank of San Francisco)
fraser.stlouisfed.org/.../mortgage-refinancing-633228

Underwater Mortgages
Economic Letter (Federal Reserve Bank of San Francisco), Underwater Mortgages by Stephen F. LeRoy, John Krainer
AUTHOR(S): LeRoy, Stephen F.; Krainer, John
DATE: October 18, 2010
PART OF: Economic Letter (Federal Reserve Bank of San Francisco)
fraser.stlouisfed.org/.../underwater-mortgages-633486

The Economic Outlook in the Bicentennial Year : Remarks at the 10th Annual Boca Raton-Ponte Vedra Forum on Mortgage Finance, Boca Raton, Florida
Statements and Speeches of Philip E. Coldwell, The Economic Outlook in the Bicentennial Year : Remarks at the 10th Annual Boca Raton-Ponte Vedra Forum on Mortgage Finance, Boca Raton, Florida by Board of Governors of the Federal Reserve System (U.S.), Philip E. Coldwell
AUTHOR(S): Board of Governors of the Federal Reserve System (U.S.), 1935-; Coldwell, Philip E., 1922-
DATE: January 22, 1976
PART OF: Statements and Speeches of Philip E. Coldwell
fraser.stlouisfed.org/.../economic-outlook-bicentennial-year-36711

The Rise in Mortgage Defaults
The main factors underlying the rise in mortgage defaults appear to be declines in house prices and deteriorated underwriting standards, in particular an increase in loan-to-value ratios and in the share of mortgages with little or no documentation of income. Contrary to popular perception, the growth in unconventional mortgages products, such as those with prepayment penalties, interest-only periods, and teaser interest rates, does not appear to be a significant factor in defaults through mid-2008 because borrowers who had problems with these products could refinance into different mortgages. However, as markets realized the extent of the poor underwriting, underwriting standards tightened and borrowers began to face difficulties refinancing; this dynamic suggests that these unconventional products could pose problems going forward.
AUTHOR(S): Board of Governors of the Federal Reserve System (U.S.), 1935-; Mayer, Christopher J.; Pence, Karen; Sherlund, Shane M. (Shane Mick)
DATE: November 2008
fraser.stlouisfed.org/title/rise-mortgage-defaults-6408

FRASER | Discover Economic History (2024)
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