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Crowding Out Effects of Refinancing on New Purchase Mortgages|Federal Reserve Board

Crowding Out Effects of Refinancing on New Purchase Mortgages

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Overview

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.

This item is Non-Returnable

Details

  • ISBN-13: 9781511660464
  • ISBN-10: 1511660465
  • Publisher: Createspace Independent Publishing Platform
  • Publish Date: April 2015
  • Dimensions: 11.02 x 8.5 x 0.08 inches
  • Shipping Weight: 0.26 pounds
  • Page Count: 40

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