Mortgage Loan Rates

Paper Summary:

A variety of factors enter into the determination of whether a residential mortgage will be granted. This paper attempts to evaluate the effects of some of these disparate factors. The writer considers the effects of two policies--risk-based pricing and increased mortgage loan limits--on the mortgage approval rates for low- and moderate-income households.

Table of Contents:
Introduction
Review of Related Literature
Methodology

From the Paper:

"Home ownership is a cornerstone of what is referred to as "the American Dream." Home ownership, however, has become an increasingly difficult objective to attain for low- and moderate-income families, individuals, and households in the contemporary United States. In response to this problem, federal agencies, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), have developed and implemented programs designed to improve access to residential mortgages for low- and moderate-income families, individuals, and households."

More papers on Mortgage Loan Rates:

• Essay # 26897 : "Mortgage Approval Rates for Low and Moderate Income Households"
• Research Paper # 27952 : "Mortgage Rates and Loan Limits"
• Research Paper # 21976 : "Home Mortgage Loans"

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