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FEDSPEAK: Do Mortgage Subsidies Help or Hurt Borrowers?
Friday, October 14, 2016 8:40
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Do Mortgage Subsidies Help or Hurt Borrowers? AbstractMortgage subsidies affect homeownership costs by reducing effective mortgage rates and increasing house prices. I show analytically the role of mortgage subsidies in determining house price changes, economic incidence, and efficiency costs using a theoretical framework for applied welfare analysis. I derive simple expressions for these effects, as … Read more
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Source: http://4closurefraud.org/2016/10/14/fedspeak-do-mortgage-subsidies-help-or-hurt-borrowers/
