Replication data for: How Mortgage Finance Reform Could Affect Housing

Principal Investigator(s):  View help for Principal Investigator(s) John V. Duca; John Muellbauer; Anthony Murphy

Version:  View help for Version V1

Name File Type Size Last Modified
  P2016_1083_data 10/20/2021 01:27:PM
LICENSE.txt text/plain 14.6 KB 10/12/2019 07:10:AM

Project Citation: 

Duca, John V., Muellbauer, John, and Murphy, Anthony. Replication data for: How Mortgage Finance Reform Could Affect Housing. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113473V1

Project Description

Summary:  View help for Summary Although major changes in mortgage finance have occurred since the subprime bust, several issues remain unresolved, centering on the roles of Fannie Mae, Freddie Mac, and the FHA. We analyze how some reforms might affect house prices in a framework rich enough to simulate the impact of several reforms which change mortgage interest rates and/or loan-to-value (LTV) ratios of first time home buyers, the key drivers of house prices in recent decades. Simulations suggest that ending the GSE interest rate subsidy would have small effects, while changes in capital requirements or maximum FHA loan size limits would have larger effects.

Scope of Project

Subject Terms:  View help for Subject Terms first and second lien; mortgage lending standards; Combined; loan-to-value (LTV) ratios for first time home buyers
JEL Classification:  View help for JEL Classification
      G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
      G28 Financial Institutions and Services: Government Policy and Regulation
      G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
      G38 Corporate Finance and Governance: Government Policy and Regulation
      R21 Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
      R31 Housing Supply and Markets
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 1978 – 2013 (1978 Q4 - 2013 Q2)
Data Type(s):  View help for Data Type(s) aggregate data
Collection Notes:  View help for Collection Notes Median combined, first and second lien, LTV ratios for first time home buyers for all mortgages and non-government mortgages. Note: government mortgages are mainly FHA and VA mortgages.

Methodology

Data Source:  View help for Data Source Analysis of 1979 to 2013 American Housing Survey micro datasets
Unit(s) of Observation:  View help for Unit(s) of Observation Aggregate medians based on American Housing Survey micro data,

Related Publications

Download this project

Published Versions

V1 [2019-10-12]

Export Metadata

Dublin Core

DDI 2.5

Report a Problem

Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.

This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.