메뉴 건너뛰기




Volumn 12, Issue 3, 2001, Pages 465-513

The potential and limitations of mortgage innovation in fostering homeownership in the United States

Author keywords

Affordability; Mortgages; Underserved populations

Indexed keywords


EID: 0039488448     PISSN: 10511482     EISSN: None     Source Type: Journal    
DOI: 10.1080/10511482.2001.9521416     Document Type: Article
Times cited : (24)

References (78)
  • 2
    • 38248998855 scopus 로고
    • Income, wealth accumulation, and first-time homeownership: An intertemporal analysis
    • Boehm, Thomas P. 1987. Income, Wealth Accumulation, and First-Time Homeownership: An Intertemporal Analysis. Journal of Housing Economics 3(1):16-30.
    • (1987) Journal of Housing Economics , vol.3 , Issue.1 , pp. 16-30
    • Boehm, T.P.1
  • 3
    • 0031513160 scopus 로고    scopus 로고
    • Indicators of local housing affordability: Comparative and spatial approaches
    • Bogdon, Amy S., and Ayşe Can. 1997. Indicators of Local Housing Affordability: Comparative and Spatial Approaches. Real Estate Economics 25(1):43-80.
    • (1997) Real Estate Economics , vol.25 , Issue.1 , pp. 43-80
    • Bogdon, A.S.1    Can, A.2
  • 5
    • 1642583041 scopus 로고    scopus 로고
    • Credit quality and housing affordability of renter households
    • June 12-15, 1996, in Uppsala, Sweden, and at the annual meeting of the Southern Economic Association, November 22-25, 1996, Washington, DC
    • Calhoun, Charles A., and Marya T. Stark. 1997. Credit Quality and Housing Affordability of Renter Households. Paper presented at the annual meeting of the European Society for Population Economics, June 12-15, 1996, in Uppsala, Sweden, and at the annual meeting of the Southern Economic Association, November 22-25, 1996, Washington, DC.
    • (1997) Annual Meeting of the European Society for Population Economics
    • Calhoun, C.A.1    Stark, M.T.2
  • 10
    • 0040611906 scopus 로고    scopus 로고
    • Unpublished report (information on recurring and nonrecurring costs for Atlanta, Chicago, Houston, Los Angeles, Miami, New York, Philadelphia, and Washington, DC). Pasadena, CA
    • Countrywide Home Loans, Inc. 1998. Good-Faith Estimates of Costs for a Conventional Insured Loan in 1997. Unpublished report (information on recurring and nonrecurring costs for Atlanta, Chicago, Houston, Los Angeles, Miami, New York, Philadelphia, and Washington, DC). Pasadena, CA.
    • (1998) Good-faith Estimates of Costs for a Conventional Insured Loan in 1997
  • 11
    • 0040611905 scopus 로고
    • Home ownership trends revisited
    • May
    • Crowe, David. 1991. Home Ownership Trends Revisited. Housing Economics, May, pp. 5-7.
    • (1991) Housing Economics , pp. 5-7
    • Crowe, D.1
  • 12
    • 0039426436 scopus 로고
    • First-time homebuyers: Issues and policy options
    • ed. Denise DiPasquale and Langley Keyes. Philadelphia: University of Pennsylvania Press
    • DiPasquale, Denise. 1990. First-Time Homebuyers: Issues and Policy Options. In Building Foundations: Housing and Federal Policy, ed. Denise DiPasquale and Langley Keyes, 157-86. Philadelphia: University of Pennsylvania Press.
    • (1990) Building Foundations: Housing and Federal Policy , pp. 157-186
    • DiPasquale, D.1
  • 13
    • 0028597618 scopus 로고
    • Borrowing constraints and access to owner-occupied housing
    • Duca, John, and Stuart Rosenthal. 1994. Borrowing Constraints and Access to Owner-Occupied Housing. Regional Science and Urban Economics 24(3):301-22.
    • (1994) Regional Science and Urban Economics , vol.24 , Issue.3 , pp. 301-322
    • Duca, J.1    Rosenthal, S.2
  • 15
    • 21344475400 scopus 로고
    • Gifts for home purchase and housing market behavior
    • May/June
    • Engelhardt, Gary V., and Christopher J. Mayer. 1994. Gifts for Home Purchase and Housing Market Behavior. New England Economic Review, May/June, pp. 47-58.
    • (1994) New England Economic Review , pp. 47-58
    • Engelhardt, G.V.1    Mayer, C.J.2
  • 16
    • 0041008896 scopus 로고    scopus 로고
    • Press release. World Wide Web page accessed April 10, 2000
    • Fannie Mae. 2000. Fannie Mae to Meet $1 Trillion Goal Early. Press release. World Wide Web page 〈http://fanniemae.com/news/pressreleases/0681.html〉 (accessed April 10, 2000).
    • (2000) Fannie Mae to Meet $1 Trillion Goal Early
    • Fannie, M.1
  • 18
    • 0038833849 scopus 로고    scopus 로고
    • Measuring housing affordability: Nar's housing affordability index
    • January
    • Feroli, Michael. 1998. Measuring Housing Affordability: NAR's Housing Affordability Index. Real Estate Outlook, January, pp. 6-7.
    • (1998) Real Estate Outlook , pp. 6-7
    • Feroli, M.1
  • 19
    • 84972912737 scopus 로고
    • The ongoing experimentation with "regulation from below": Expanded reporting requirements for HMDA and CRA
    • Fishbein, Allen J. 1992. The Ongoing Experimentation with "Regulation from Below": Expanded Reporting Requirements for HMDA and CRA. Housing Policy Debate 3(2):601-36.
    • (1992) Housing Policy Debate , vol.3 , Issue.2 , pp. 601-636
    • Fishbein, A.J.1
  • 20
    • 0009085796 scopus 로고    scopus 로고
    • A study of the demand for housing by low versus high income households
    • Follain, James R. 1999. A Study of the Demand for Housing by Low Versus High Income Households. Journal of Financial and Quantitative Analysis 14(4):769-82.
    • (1999) Journal of Financial and Quantitative Analysis , vol.14 , Issue.4 , pp. 769-782
    • Follain, J.R.1
  • 21
    • 0001397830 scopus 로고
    • Intergenerational transfers and the accumulation of wealth
    • Gale, William G., and John Karl Scholz. 1994. Intergenerational Transfers and the Accumulation of Wealth. Journal of Economic Perspectives 8(4):145-60.
    • (1994) Journal of Economic Perspectives , vol.8 , Issue.4 , pp. 145-160
    • Gale, W.G.1    Scholz, J.K.2
  • 23
    • 0033428045 scopus 로고    scopus 로고
    • Encouraging mortgage lending in "underserved" areas: The potential for expanding homeownership in the U.S
    • Galster, George, Laudan Aron, and William Reeder. 1999. Encouraging Mortgage Lending in "Underserved" Areas: The Potential for Expanding Homeownership in the U.S. Housing Studies 14(6):777-801.
    • (1999) Housing Studies , vol.14 , Issue.6 , pp. 777-801
    • Galster, G.1    Aron, L.2    Reeder, W.3
  • 24
    • 84973021915 scopus 로고
    • The geography of metropolitan opportunity: A reconnaissance and conceptual framework
    • Galster, George C., and Sean P. Killen. 1995. The Geography of Metropolitan Opportunity: A Reconnaissance and Conceptual Framework. Housing Policy Debate 6(1):7-43.
    • (1995) Housing Policy Debate , vol.6 , Issue.1 , pp. 7-43
    • Galster, G.C.1    Killen, S.P.2
  • 25
    • 0002566963 scopus 로고
    • The affordability of the American dream: An examination of the last 30 years
    • Gyourko, Joseph, and Peter Linneman. 1993. The Affordability of the American Dream: An Examination of the Last 30 Years. Journal of Housing Research 4(1):39-72.
    • (1993) Journal of Housing Research , vol.4 , Issue.1 , pp. 39-72
    • Gyourko, J.1    Linneman, P.2
  • 26
    • 0002676920 scopus 로고    scopus 로고
    • The changing influences of education, income, family structure, and race on homeownership by age over time
    • Gyourko, Joseph, and Peter Linneman. 1997. The Changing Influences of Education, Income, Family Structure, and Race on Homeownership by Age over Time. Journal of Housing Research 8(1):1-25.
    • (1997) Journal of Housing Research , vol.8 , Issue.1 , pp. 1-25
    • Gyourko, J.1    Linneman, P.2
  • 28
    • 0033145518 scopus 로고    scopus 로고
    • Analyzing the relationships among race, wealth, and home ownership in America
    • Gyourko, Joseph, Peter Linneman, and Susan Wachter. 1997. Analyzing the Relationships among Race, Wealth, and Home Ownership in America. Journal of Housing Economics 8(2):63-89.
    • (1997) Journal of Housing Economics , vol.8 , Issue.2 , pp. 63-89
    • Gyourko, J.1    Linneman, P.2    Wachter, S.3
  • 29
    • 0038833854 scopus 로고    scopus 로고
    • A look at real prices and incomes: Some implications for housing affordability and quality
    • Federal Reserve Bank of New York
    • Gyourko, Joseph, and Joseph Tracy. 1999. A Look at Real Prices and Incomes: Some Implications for Housing Affordability and Quality. Economic Policy Review (Federal Reserve Bank of New York) 5(3):63-77.
    • (1999) Economic Policy Review , vol.5 , Issue.3 , pp. 63-77
    • Gyourko, J.1    Tracy, J.2
  • 30
    • 0000298441 scopus 로고    scopus 로고
    • Borrowing constraints and the tenure choice of young households
    • Haurin, Donald R., Patric H. Hendershott, and Susan M. Wachter. 1997. Borrowing Constraints and the Tenure Choice of Young Households. Journal of Housing Research 8(2):137-54.
    • (1997) Journal of Housing Research , vol.8 , Issue.2 , pp. 137-154
    • Haurin, D.R.1    Hendershott, P.H.2    Wachter, S.M.3
  • 32
    • 0040018816 scopus 로고
    • Testing for racial discrimination in mortgage lending
    • ed. Anthony M. Yezer, Lawrence B. Lindsey, and William M. Isaac, Washington, DC: American Bankers Association
    • Home, David K. 1993. Testing for Racial Discrimination in Mortgage Lending. In Fair Lending Analysis: A Compendium of Essays on the Use of Statistics, ed. Anthony M. Yezer, Lawrence B. Lindsey, and William M. Isaac, 127-38. Washington, DC: American Bankers Association.
    • (1993) Fair Lending Analysis: A Compendium of Essays on the Use of Statistics , pp. 127-138
    • Home, D.K.1
  • 35
    • 0003776450 scopus 로고    scopus 로고
    • Cambridge, MA: Harvard University
    • Joint Center for Housing Studies. 1999. State of the Nation's Housing. Cambridge, MA: Harvard University.
    • (1999) State of the Nation's Housing
  • 36
    • 0002239456 scopus 로고
    • Testing the central prediction of housing tenure transition models
    • Jones, Lawrence D. 1995. Testing the Central Prediction of Housing Tenure Transition Models. Journal of Urban Economics 38(1):50-73.
    • (1995) Journal of Urban Economics , vol.38 , Issue.1 , pp. 50-73
    • Jones, L.D.1
  • 37
    • 0039426437 scopus 로고    scopus 로고
    • Housing opportunity index: Second quarter 1997
    • September
    • Kochera, Andrew. 1997. Housing Opportunity Index: Second Quarter 1997. Economics, September, pp. 13-15.
    • (1997) Economics , pp. 13-15
    • Kochera, A.1
  • 39
    • 0001786899 scopus 로고    scopus 로고
    • The grapes of rent: A history of renting in a country of owners
    • Krueckeberg, Donald A. 1999. The Grapes of Rent: A History of Renting in a Country of Owners. Housing Policy Debate 10(1):9-30.
    • (1999) Housing Policy Debate , vol.10 , Issue.1 , pp. 9-30
    • Krueckeberg, D.A.1
  • 40
    • 0002974887 scopus 로고    scopus 로고
    • Evidence on discrimination in mortgage lending
    • Ladd, Helen F. 1998. Evidence on Discrimination in Mortgage Lending. Journal of Economic Perspectives 12(2):41-62.
    • (1998) Journal of Economic Perspectives , vol.12 , Issue.2 , pp. 41-62
    • Ladd, H.F.1
  • 41
    • 0026471266 scopus 로고
    • Housing affordability: Myth or reality?
    • Linneman, Peter, and Isaac F. Megbolugbe. 1992. Housing Affordability: Myth or Reality? Urban Studies 29(3/4):369-92.
    • (1992) Urban Studies , vol.29 , Issue.3-4 , pp. 369-392
    • Linneman, P.1    Megbolugbe, I.F.2
  • 42
    • 84983946063 scopus 로고
    • The impacts of borrowing constraints on homeownership
    • Linneman, Peter, and Susan Wachter. 1989. The Impacts of Borrowing Constraints on Homeownership. AREUEA Journal 17(4):389-402.
    • (1989) AREUEA Journal , vol.17 , Issue.4 , pp. 389-402
    • Linneman, P.1    Wachter, S.2
  • 46
    • 84977406793 scopus 로고
    • Racial differences in homeownership and housing wealth, 1970-1986
    • Long, James E., and Steven B. Caudill. 1992. Racial Differences in Homeownership and Housing Wealth, 1970-1986. Economic Inquiry 30(1):83-100.
    • (1992) Economic Inquiry , vol.30 , Issue.1 , pp. 83-100
    • Long, J.E.1    Caudill, S.B.2
  • 47
    • 0011904607 scopus 로고    scopus 로고
    • Gifts, down payments, and housing affordability
    • Mayer, Christopher, and Gary Engelhardt. 1996. Gifts, Down Payments, and Housing Affordability. Journal of Housing Research 7(1):59-77.
    • (1996) Journal of Housing Research , vol.7 , Issue.1 , pp. 59-77
    • Mayer, C.1    Engelhardt, G.2
  • 52
    • 0000493318 scopus 로고
    • Residential mortgage default: A review of the literature
    • Quercia, Roberto G., and Michael A. Stegman. 1992. Residential Mortgage Default: A Review of the Literature. Journal of Housing Research 3(2):341-79.
    • (1992) Journal of Housing Research , vol.3 , Issue.2 , pp. 341-379
    • Quercia, R.G.1    Stegman, M.A.2
  • 53
    • 0038833852 scopus 로고    scopus 로고
    • Ethnographic studies of homeownership and home mortgage financing: An introduction
    • Ratner, Mitchell S. 1997. Ethnographic Studies of Homeownership and Home Mortgage Financing: An Introduction. Cityscape 3(1):1-11.
    • (1997) Cityscape , vol.3 , Issue.1 , pp. 1-11
    • Ratner, M.S.1
  • 55
    • 84937305969 scopus 로고
    • Effects of homeownership on the self-esteem, perceived control, and life satisfaction of low-income people
    • Rohe, William, and Michael Stegman. 1994a. Effects of Homeownership on the Self-Esteem, Perceived Control, and Life Satisfaction of Low-Income People. Journal of the American Planning Association 60(1):173-84.
    • (1994) Journal of the American Planning Association , vol.60 , Issue.1 , pp. 173-184
    • Rohe, W.1    Stegman, M.2
  • 56
    • 0028595816 scopus 로고
    • The impact of homeownership on the social and political involvement of low-income people
    • Rohe, William, and Michael Stegman. 1994b. The Impact of Homeownership on the Social and Political Involvement of Low-Income People. Urban Affairs Quarterly 30(1):28-50.
    • (1994) Urban Affairs Quarterly , vol.30 , Issue.1 , pp. 28-50
    • Rohe, W.1    Stegman, M.2
  • 57
    • 0242433520 scopus 로고
    • Homeownership and neighborhood stability
    • Rohe, William M., and Leslie S. Stewart. 1995. Homeownership and Neighborhood Stability. Housing Policy Debate 7(1):37-82.
    • (1995) Housing Policy Debate , vol.7 , Issue.1 , pp. 37-82
    • Rohe, W.M.1    Stewart, L.S.2
  • 58
    • 0039778441 scopus 로고    scopus 로고
    • Current Housing Reports H121/97-1. Washington, DC: U.S. Department of Commerce, Bureau of the Census
    • Savage, Howard A. 1997. Who Can Afford to Buy a House in 1993? Current Housing Reports H121/97-1. Washington, DC: U.S. Department of Commerce, Bureau of the Census.
    • (1997) Who Can Afford to Buy a House in 1993?
    • Savage, H.A.1
  • 59
    • 0039778441 scopus 로고    scopus 로고
    • Current Housing Reports H121/99-1. Washington, DC: U.S. Department of Commerce, Bureau of the Census
    • Savage, Howard A. 1999. Who Can Afford to Buy a House in 1995? Current Housing Reports H121/99-1. Washington, DC: U.S. Department of Commerce, Bureau of the Census.
    • (1999) Who Can Afford to Buy a House in 1995?
    • Savage, H.A.1
  • 60
    • 0039778441 scopus 로고    scopus 로고
    • Current Housing Reports H121/93-3. Washington, DC: U.S. Department of Commerce, Bureau of the Census
    • Savage, Howard A., and Peter J. Fronczek. 1993. Who Can Afford to Buy a House in 1991? Current Housing Reports H121/93-3. Washington, DC: U.S. Department of Commerce, Bureau of the Census.
    • (1993) Who Can Afford to Buy a House in 1991?
    • Savage, H.A.1    Fronczek, P.J.2
  • 61
    • 0032351382 scopus 로고    scopus 로고
    • Bank lending to minority and low-income households and neighborhoods: Do community reinvestment agreements make a difference?
    • Schwartz, Alex. 1998. Bank Lending to Minority and Low-Income Households and Neighborhoods: Do Community Reinvestment Agreements Make a Difference? Journal of Urban Affairs 20(3):269-301.
    • (1998) Journal of Urban Affairs , vol.20 , Issue.3 , pp. 269-301
    • Schwartz, A.1
  • 62
    • 0039125894 scopus 로고
    • Designing better homeownership assistance programs using the panel study of income dynamics (PSID): An exploratory analysis
    • Stegman, Michael A., Roberto G. Quercia, George W. McCarthy, Michael Foster, and William Rohe. 1991a. Designing Better Homeownership Assistance Programs Using the Panel Study of Income Dynamics (PSID): An Exploratory Analysis. Journal of Housing Research 2(1):39-85.
    • (1991) Journal of Housing Research , vol.2 , Issue.1 , pp. 39-85
    • Stegman, M.A.1    Quercia, R.G.2    McCarthy, G.W.3    Foster, M.4    Rohe, W.5
  • 63
    • 0010816974 scopus 로고
    • Using the panel study of income dynamics (PSID) to evaluate the affordability characteristics of alternative mortgage instruments and homeownership assistance programs
    • Stegman, Michael A., Roberto G. Quercia, George W. McCarthy, Michael Foster, and William Rohe. 1991b. Using the Panel Study of Income Dynamics (PSID) to Evaluate the Affordability Characteristics of Alternative Mortgage Instruments and Homeownership Assistance Programs. Journal of Housing Research 2(2):161-211.
    • (1991) Journal of Housing Research , vol.2 , Issue.2 , pp. 161-211
    • Stegman, M.A.1    Quercia, R.G.2    McCarthy, G.W.3    Foster, M.4    Rohe, W.5
  • 64
    • 84972812724 scopus 로고
    • Discrimination in urban housing markets: Lessons from fair housing audits
    • Turner, Margery Austin. 1992. Discrimination in Urban Housing Markets: Lessons from Fair Housing Audits. Housing Policy Debate 3(2):185-215.
    • (1992) Housing Policy Debate , vol.3 , Issue.2 , pp. 185-215
    • Turner, M.A.1
  • 65
    • 0040796214 scopus 로고    scopus 로고
    • Machine-readable data file and technical documentation. Washington, DC
    • U.S. Bureau of the Census. 1996. 1993 Survey of Income and Program Participation. Machine-readable data file and technical documentation. Washington, DC.
    • (1996) 1993 Survey of Income and Program Participation
  • 66
    • 0040612132 scopus 로고    scopus 로고
    • World Wide Web page accessed February 7, 2001
    • U.S. Bureau of the Census. 2001. Housing Vacancies and Homeownership, Fourth Quarter 2000. World Wide Web page 〈http://www.census.gov.hhes/www/housing/hvs/q400prss.html〉 (accessed February 7, 2001).
    • (2001) Housing Vacancies and Homeownership, Fourth Quarter 2000
  • 68
    • 0039822291 scopus 로고
    • Washington, DC
    • U.S. Department of Housing and Urban Development. 1995. Homeownership and Its Benefits. Washington, DC.
    • (1995) Homeownership and Its Benefits
  • 70
    • 0038833839 scopus 로고    scopus 로고
    • Washington, DC: U.S. Government Printing Office
    • U.S. Department of Housing and Urban Development. 1997. 1995 American Housing Survey. Washington, DC: U.S. Government Printing Office.
    • (1997) 1995 American Housing Survey
  • 71
    • 0041029304 scopus 로고
    • What are renters really like? Results from a national survey
    • Varady, David P., and Barbara J. Lipman. 1994. What Are Renters Really Like? Results from a National Survey. Housing Policy Debate 5(4):491-531.
    • (1994) Housing Policy Debate , vol.5 , Issue.4 , pp. 491-531
    • Varady, D.P.1    Lipman, B.J.2
  • 73
    • 84972934377 scopus 로고
    • Racial and ethnic disparities in homeownership
    • Wachter, Susan, and Isaac F. Megbolugbe. 1992. Racial and Ethnic Disparities in Homeownership. Housing Policy Debate 3(2):333-70.
    • (1992) Housing Policy Debate , vol.3 , Issue.2 , pp. 333-370
    • Wachter, S.1    Megbolugbe, I.F.2
  • 77
    • 0000030168 scopus 로고    scopus 로고
    • Housing discrimination is still worth worrying about
    • Yinger, John. 1998. Housing Discrimination Is Still Worth Worrying About. Housing Policy Debate 9(4):893-927.
    • (1998) Housing Policy Debate , vol.9 , Issue.4 , pp. 893-927
    • Yinger, J.1
  • 78
    • 0003016729 scopus 로고
    • Mobility-tenure decisions and financial credit: Do mortgage qualification requirements constrain homeownership?
    • Zorn, Peter. 1989. Mobility-Tenure Decisions and Financial Credit: Do Mortgage Qualification Requirements Constrain Homeownership? AREUEA Journal 17(1):1-18.
    • (1989) AREUEA Journal , vol.17 , Issue.1 , pp. 1-18
    • Zorn, P.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.