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Fannie Mae Working Papers

Mortgage costs as a share of housing costs—placing the cost of credit in broader context

March 9, 2022

Fannie Mae’s latest working paper focuses on the different components of housing costs to show the contribution of each expense to overall housing costs, specifically focusing on a breakdown of mortgage costs.
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Appraising the Appraisal

January 20, 2022

Fannie Mae's latest research evaluates appraisal values of homes owned by Black and white borrowers refinancing their homes.
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Barriers to Entry: Closing Costs for First-Time and Low-Income Homebuyers

December 2, 2021

Fannie Mae's latest research on affordable housing solutions shows that closing costs are a meaningful obstacle to sustainable homeownership for first-time and low-income first-time homebuyers, including Black and Hispanic borrowers.
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Adverse Selection and Climate Risk

March 30, 2021

This Fannie Mae working paper investigated the 2019 findings of Ouazad and Kahn and found no evidence that mortgage lenders change their loan origination, approval, and securitization practices in areas affected by major hurricanes.
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Foreclosure Timelines and House Prices

July 31, 2017

A new Fannie Mae Housing Working Paper studies the effect of lengthening foreclosure timelines on local market home prices.
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How Much Do U.S. Households Know About Qualifying for a Mortgage?

May 31, 2017

A recent Fannie Mae Housing Working Paper reports on the level of consumer knowledge about qualifying for a home purchase mortgage loan.
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Credit Risk of Low Income Mortgages

May 17, 2017

A new Fannie Mae Housing Working Paper studies the relationship between underwriting standards, housing market environment, and default risk for low and moderate income homebuyers.
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Opportunities to Improve the Value of Appraisals

October 28, 2016

In two papers from Fannie Mae, we consider the issues of appraisal integrity and borrower protection.
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Rural Mortgage Lending Over the Last Decade

October 27, 2016

Data provides insights into the rural single-family conventional mortgage market, including the key differences between urban and rural borrower attributes, property attributes, and loan characteristics.
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