Editor: David Reiss
Brooklyn Law School

September 8, 2016

Thursday’s Advocacy & Think Tank Roundup

By Robert Engelke

  • This report, titled “Women are better than men at paying their mortgages,” by the Urban Institute discusses the relationship between mortgage lending and payments with gender statistics.
  • Building Justice published a report on the complex history of race in America, including how it intersects with housing, has never been simply black and white. Some of the country’s first “sundown towns,” all white towns in which people of color were not welcome to live or even be seen after dark, began in the late 19th century on the West Coast first against the Chinese.
  • In a paper titled “Credit Expansion, Competition and Housing Prices, the authors document the effect of policy-induced credit supply on fueling asset price that leads to the financial crisis, and broad economic outcomes. By comparing loans that fall under the current conforming loan limit (CLL) to those under the old limit last year in a diff-in-diff setting, we find there is a direct effect of CLL change on credit supply and on prices of homes financed by the expanded credit. Increase in credit supply in the new conforming loan market also crowds out private capital in the jumbo loan market. We also find significant effects of CLL change on broad economic outcomes, such as regional home price, employment and business growth.
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