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Did home equity restrictions help keep Texas mortgages from going underwater?

Author

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  • Anil Kumar
  • Edward C. Skelton

Abstract

With relatively stable house prices in Texas, the incidence of underwater mortgages was a fraction of what occurred in hard-hit states.

Suggested Citation

  • Anil Kumar & Edward C. Skelton, 2013. "Did home equity restrictions help keep Texas mortgages from going underwater?," Southwest Economy, Federal Reserve Bank of Dallas, issue Q3, pages 3-7.
  • Handle: RePEc:fip:feddse:y:2013:i:q3:p:3-7:n:3
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    File URL: https://www.dallasfed.org/~/media/documents/research/swe/2013/swe1303b.pdf
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    Cited by:

    1. Anil Kumar, 2018. "Do Restrictions on Home Equity Extraction Contribute to Lower Mortgage Defaults? Evidence from a Policy Discontinuity at the Texas Border," American Economic Journal: Economic Policy, American Economic Association, vol. 10(1), pages 268-297, February.
    2. Davidson, Andrew & Levin, Alex & Pavlov, Andrey D. & Wachter, Susan M., 2016. "Why are aggressive mortgage products bad for the housing market?," Journal of Economics and Business, Elsevier, vol. 84(C), pages 148-161.
    3. Goel, Anand M. & Song, Fenghua & Thakor, Anjan V., 2014. "Correlated leverage and its ramifications," Journal of Financial Intermediation, Elsevier, vol. 23(4), pages 471-503.

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