This Federal Housing Finance Agency (FHFA) report fulfills the requirement of Section 1602 of the Housing and Economic Recovery Act of 2008 that FHFA conduct a study of ways to improve the overall default risk evaluation used with respect to residential mortgage loans and report to Congress on the results of that study. To aid in the preparation of the report, FHFA and the Federal Deposit Insurance Corporation’s (FDIC’s) Center for Financial Research jointly selected seven papers for a public symposium held on September 16th, 2009. This report summarizes and evaluates those papers in the context of previous research and the comments provided by discussants at that symposium. The appendices to the report provide the papers themselves.
FHFA is grateful to the FDIC’s Center for Financial Research and its director, Paul Kupiec, for co-sponsoring the September 2009 symposium. FHFA also gratefully acknowledges the contribution of Professor John Quigley of the University of California, Berkeley to the preparation of the report.
Default Risk Evaluation in the Single-Family Mortgage Market Report
Default Risk Evaluation in the Single-Family Mortgage Market
Published:
10/30/2009
Attachments:
Default Risk Evaluation – October 2009