Publications » Housing Finance
The Foreclosure Counseling Outcome Study provides information on who accesses counseling services when facing challenges in paying their mortgage loan, what services those clients obtain, and identifies the outcomes the clients experienced in the following 18 months (though it cannot assert that the counseling caused the outcomes). A few of the interesting findings from the report are:
Posted Year: 2012
Authors: Jefferson, Anna, Spader, Jonathan, Turnham, Jennifer, Moulton, Shawn
The Pre-Purchase Counseling Outcome Study provides detailed characteristics of a sample of people seeking pre-purchase counseling, including their income and credit status, their reasons for seeking counseling, the stage in the purchase process at which counseling occurs, and detailed information about the nature of counseling services delivered including total hours of counseling received, type of counseling, and which topics were covered.
The key findings of the study include:
Posted Year: 2012
Authors: Turnham, Jennifer, Jefferson, Anna
particularly African-Americans, were paying more than necessary for mortgage financing. Indeed, there is a substantial body of literature consistent with the finding that predominantly African-American neighborhoods had much higher shares of loans originated by subprime lenders than areas where whites predominated, while even controlling for a range of factors that are likely to influence the allocation of mortg
Posted Year: 2011
Authors: Apgar, William C., Jr. , Herbert, Christopher E., Mathur, Priti
Posted Year: 2010
Authors: U.S. Department of Housing and Urban Development
Posted Year: 2009
In recognition of the fact that a lack of savings is the most significant barrier to homeownership for most low-income families1, Congress passed the American Dream Downpayment Act of 2003, which established the American Dream Downpayment Initiative (ADDI). The ADDI program was designed to provide assistance with downpayments, closing costs, and, if necessary, rehabilitation work done in conjunction with a home purchase.
Posted Year: 2009
This study of the root causes of the current extremely high levels of defaults and foreclosures among residential mortgages represents the interim report to Congress by the Secretary of the Department of Housing and Urban Development (HUD) pursuant to Section 1517 of the Housing and Economic Recovery Act (HERA) of 2008 (P.L. 110-289).This study presents findings on how much borrowers pay in closing costs when they buy a house, how much these costs vary, and factors to which the variation is related. The analysis uses data from a national sample of 7,560 FHA-insured, 30-year fixed-rate home purchase loans.
Posted Year: 2008
Authors: The Urban Institute, Woodward, Susan E., Ph.D.
Public policy has focused on the ability of families both to acquire safe and sanitary housing in decent neighborhoods and to have sufficient income left over to purchase other essential goods and services. Over time, policy analysts have come to use "30 percent" as a standard to assess the affordability of housing. The belief is that households who have to pay more than 30 percent of their incomes for housing may be forced to forego other important needs.
Posted Year: 2008
Authors: Eggers, Frederick J., Moumen, Fouad
Posted Year: 2008
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Download the complete summary report (*.pdf, 8.35 MB) Month:
March 2008
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Posted Year: 2008
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