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Wayne Passmore

Personal Details

First Name:Wayne
Middle Name:
Last Name:Passmore
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RePEc Short-ID:ppa1157
[This author has chosen not to make the email address public]

Affiliation

Federal Reserve Board (Board of Governors of the Federal Reserve System)

Washington, District of Columbia (United States)
http://www.federalreserve.gov/
RePEc:edi:frbgvus (more details at EDIRC)

Research output

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Jump to: Working papers Articles Chapters

Working papers

  1. Wayne Passmore & Roger Sparks, 2024. "Government-Sponsored Mortgage Securitization and Financial Crises," Finance and Economics Discussion Series 2024-002, Board of Governors of the Federal Reserve System (U.S.).
  2. Colleen Faherty & Wayne Passmore, 2024. "Mitigating Too Big to Fail," FEDS Notes 2024-06-14-2, Board of Governors of the Federal Reserve System (U.S.).
  3. Wayne Passmore & Judit Temesvary, 2020. "Investor Demands for Safety, Bank Capital, and Liquidity Measurement," Finance and Economics Discussion Series 2020-079, Board of Governors of the Federal Reserve System (U.S.).
  4. Sara Almadani & Michael M. Batty & Danielle Nemschoff & Wayne Passmore, 2020. "The Stability of Safe Asset Production," FEDS Notes 2020-11-09-3, Board of Governors of the Federal Reserve System (U.S.).
  5. Wayne Passmore & Alexander H. von Hafften, 2018. "Financing Affordable and Sustainable Homeownership with Fixed-COFI Mortgages," Finance and Economics Discussion Series 2018-009, Board of Governors of the Federal Reserve System (U.S.).
  6. Wayne Passmore & Alexander H. von Hafften, 2017. "Improving the 30-Year Fixed-Rate Mortgage," Finance and Economics Discussion Series 2017-090, Board of Governors of the Federal Reserve System (U.S.).
  7. Wayne Passmore & Alexander H. von Hafften, 2017. "Are Basel's Capital Surcharges for Global Systemically Important Banks Too Small?," Finance and Economics Discussion Series 2017-021, Board of Governors of the Federal Reserve System (U.S.).
  8. Wayne Passmore & Shane M. Sherlund, 2016. "FHA, Fannie Mae, Freddie Mac, and the Great Recession," Finance and Economics Discussion Series 2016-031, Board of Governors of the Federal Reserve System (U.S.).
  9. Wayne Passmore & Shane M. Sherlund, 2016. "Government-Backed Mortgage Insurance Promoted a Speedier Recovery from the Great Recession," FEDS Notes 2016-04-12, Board of Governors of the Federal Reserve System (U.S.).
  10. Diana Hancock & Wayne Passmore, 2014. "How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates," Finance and Economics Discussion Series 2014-12, Board of Governors of the Federal Reserve System (U.S.).
  11. Diana Hancock & Wayne Passmore, 2012. "The Federal Reserve's portfolio and its effects on mortgage markets," Finance and Economics Discussion Series 2012-22, Board of Governors of the Federal Reserve System (U.S.).
  12. Diana Hancock & Wayne Passmore, 2011. "Did the Federal Reserve's MBS purchase program lower mortgage rates?," Finance and Economics Discussion Series 2011-01, Board of Governors of the Federal Reserve System (U.S.).
  13. Lamont K. Black & Diana Hancock & Wayne Passmore, 2010. "The bank lending channel of monetary policy and its effect on mortgage lending," Finance and Economics Discussion Series 2010-39, Board of Governors of the Federal Reserve System (U.S.).
  14. Diana Hancock & Wayne Passmore, 2010. "A framework that incorporation contingent capital into the capital structure of systemically-important firms," Proceedings 1141, Federal Reserve Bank of Chicago.
  15. Diana Hancock & Wayne Passmore, 2010. "An analysis of government guarantees and the functioning of asset-backed securities markets," Finance and Economics Discussion Series 2010-46, Board of Governors of the Federal Reserve System (U.S.).
  16. Diana Hancock & Wayne Passmore, 2010. "A proposal for \"financial institutions' secured asset-backed insurance fund\" or FINSAIF," Proceedings 1139, Federal Reserve Bank of Chicago.
  17. W. Scott Frame & Diana Hancock & Wayne Passmore, 2007. "A summary of \"Federal Home Loan Bank advances and commercial bank portfolio composition\"," Proceedings 1057, Federal Reserve Bank of Chicago.
  18. Lamont K. Black & Diana Hancock & Wayne Passmore, 2007. "Bank core deposits and the mitigation of monetary policy," Finance and Economics Discussion Series 2007-65, Board of Governors of the Federal Reserve System (U.S.).
  19. W. Scott Frame & Diana Hancock & Wayne Passmore, 2007. "Federal Home Loan Bank advances and commercial bank portfolio composition," FRB Atlanta Working Paper 2007-17, Federal Reserve Bank of Atlanta.
  20. Diana Hancock & Andreas Lehnert & Wayne Passmore & Shane M. Sherlund, 2006. "The competitive effects of risk-based bank capital regulation: an example from U.S. mortgage markets," Finance and Economics Discussion Series 2006-46, Board of Governors of the Federal Reserve System (U.S.).
  21. Gillian Burgess & Diana Hancock & Andreas Lehnert & Wayne Passmore & Shane M. Sherlund, 2006. "Federal Reserve research on government-sponsored enterprises," Proceedings 1018, Federal Reserve Bank of Chicago.
  22. Diana Hancock & Andreas Lehnert & Wayne Passmore & Shane M. Sherlund, 2005. "An analysis of the potential competitive impacts of Basel II capital standards on U.S. mortgage rates and mortgage securitization," Basel II White Paper 3, Board of Governors of the Federal Reserve System (U.S.).
  23. Gillian Burgess & Wayne Passmore & Shane M. Sherlund, 2005. "The effect of housing government-sponsored enterprises on mortgage rates," Finance and Economics Discussion Series 2005-06, Board of Governors of the Federal Reserve System (U.S.).
  24. Andreas Lehnert & Wayne Passmore & Shane M. Sherlund, 2005. "GSEs, mortgage rates, and secondary market activities," Finance and Economics Discussion Series 2005-07, Board of Governors of the Federal Reserve System (U.S.).
  25. Diana Hancock & Wayne Passmore, 2005. "Basel II competitive implications," Proceedings 974, Federal Reserve Bank of Chicago.
  26. Wayne Passmore & Shane M. Sherlund, 2004. "An update to the GSE implicit subsidy and the value of government ambiguity," Proceedings 948, Federal Reserve Bank of Chicago.
  27. Wayne Passmore, 2003. "The GSE implicit subsidy and value of government ambiguity," Finance and Economics Discussion Series 2003-64, Board of Governors of the Federal Reserve System (U.S.).
  28. Glenn B. Canner & Elizabeth Laderman & Andreas Lehnert & Wayne Passmore, 2002. "Does the Community Reinvestment Act (CRA) cause banks to provide a subsidy to some mortgage borrowers?," Finance and Economics Discussion Series 2002-19, Board of Governors of the Federal Reserve System (U.S.).
  29. Glenn B. Canner & Elizabeth Laderman & Andreas Lehnert & Wayne Passmore, 2002. "Measuring the CRA subsidy in mortgage markets," Proceedings 835, Federal Reserve Bank of Chicago.
  30. Wayne Passmore & Roger Sparks, 2001. "The simple microeconomics of government-sponsored enterprises," Proceedings 706, Federal Reserve Bank of Chicago.
  31. Jamie Ingpen & Wayne Passmore & Roger Sparks, 2001. "GSEs, mortgage rates, and the long-run effects of mortgage securitization," Finance and Economics Discussion Series 2001-26, Board of Governors of the Federal Reserve System (U.S.).
  32. Andrea J. Heuson & Wayne Passmore & Roger Sparks, 2000. "Credit scoring and mortgage securitization: do they lower mortgage rates?," Finance and Economics Discussion Series 2000-44, Board of Governors of the Federal Reserve System (U.S.).
  33. Andreas Lehnert & Wayne Passmore, 1999. "Pricing systemic crises: monetary and fiscal policy when savers are uncertain," Finance and Economics Discussion Series 1999-33, Board of Governors of the Federal Reserve System (U.S.).
  34. Andreas Lehnert & Wayne Passmore, 1999. "The banking industry and the safety net subsidy," Finance and Economics Discussion Series 1999-34, Board of Governors of the Federal Reserve System (U.S.).
  35. Elizabeth Laderman & Wayne Passmore, 1998. "Is mortgage lending by savings associations special?," Finance and Economics Discussion Series 1998-25, Board of Governors of the Federal Reserve System (U.S.).
  36. Wayne Passmore & Roger Sparks, 1997. "The effect of automated underwriting on adverse selection and on the profitability of mortgage securitization," Proceedings 562, Federal Reserve Bank of Chicago.
  37. Wayne Passmore & Roger Sparks, 1997. "The effect of automated underwriting on the profitability of mortgage securitization," Finance and Economics Discussion Series 1997-19, Board of Governors of the Federal Reserve System (U.S.).
  38. Glenn B. Canner & Wayne Passmore, 1996. "The relative profitability of commercial banks active in lending in lower-income borrowers," Proceedings 522, Federal Reserve Bank of Chicago.
  39. Wayne Passmore & Roger Sparks, 1995. "Putting the squeeze on a market for lemons: government-sponsored mortgage securitization," Finance and Economics Discussion Series 95-13, Board of Governors of the Federal Reserve System (U.S.).
  40. Glenn B. Canner & Wayne Passmore, 1995. "Implementing CRA: what is the target?," Proceedings 454, Federal Reserve Bank of Chicago.
  41. Wayne Passmore & Steven A. Sharpe, 1994. "Optimal bank portfolios and the credit crunch," Finance and Economics Discussion Series 94-19, Board of Governors of the Federal Reserve System (U.S.).
  42. Wayne Passmore & Roger Sparks, 1993. "An efficiency model of deposit pricing and rate rigidity," Finance and Economics Discussion Series 93-38, Board of Governors of the Federal Reserve System (U.S.).
  43. Wayne Passmore, 1992. "The influence of risk-adjusted capital regulations on asset allocation by savings and loans," Finance and Economics Discussion Series 213, Board of Governors of the Federal Reserve System (U.S.).
  44. John L. Goodman & Wayne Passmore, 1992. "Market power and the pricing of mortgage securitization," Finance and Economics Discussion Series 187, Board of Governors of the Federal Reserve System (U.S.).
  45. Wayne Passmore, 1991. "Can retail depositories fund mortgages profitably?," Finance and Economics Discussion Series 175, Board of Governors of the Federal Reserve System (U.S.).
  46. Wayne Passmore, 1991. "Can banks profitably fund mortgages?," Proceedings 341, Federal Reserve Bank of Chicago.
  47. Wayne Passmore, 1988. "Loan loss reserves and stock market valuations of financial institutions," Proceedings 212, Federal Reserve Bank of Chicago.
  48. Wayne Passmore, 1986. "Strategic niche and the profitability of banking," Proceedings 125, Federal Reserve Bank of Chicago.
  49. Glenn B. Canner & Wayne Passmore, "undated". "The Community Reinvestment Act and the Profitability of Mortgage-Oriented Banks," Finance and Economics Discussion Series 1997-07, Board of Governors of the Federal Reserve System (U.S.), revised 10 Dec 2019.
  50. Myron L. Kwast & Wayne Passmore, "undated". "The Subsidy Provided by the Federal Safety Net: Theory, Measurement, and Containment," Finance and Economics Discussion Series 1997-58, Board of Governors of the Federal Reserve System (U.S.), revised 10 Dec 2019.

Articles

  1. Wayne Passmore & Shane M. Sherlund, 2018. "The FHA and the GSEs as countercyclical tools in the mortgage markets," Economic Policy Review, Federal Reserve Bank of New York, issue 24-3, pages 28-40.
  2. Wayne Passmore & Alexander H. von Hafften, 2018. "GSE guarantees, financial stability, and home equity accumulation," Economic Policy Review, Federal Reserve Bank of New York, issue 24-3, pages 11-27.
  3. Hancock, Diana & Passmore, Wayne, 2016. "Cost of funds indexed mortgage contracts with government-backed catastrophic insurance (COFI-Cats): A realistic alternative to the 30-year fixed-rate mortgage?," Journal of Economics and Business, Elsevier, vol. 84(C), pages 109-130.
  4. Diana Hancock & Wayne Passmore, 2015. "How Does the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(4), pages 855-890, November.
  5. W. Scott Frame & Diana Hancock & Wayne Passmore, 2012. "Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(4), pages 661-684, June.
  6. Hancock, Diana & Passmore, Wayne, 2011. "Did the Federal Reserve's MBS purchase program lower mortgage rates?," Journal of Monetary Economics, Elsevier, vol. 58(5), pages 498-514.
  7. Chenghuan Sean Chu & Andreas Lehnert & Wayne Passmore, 2009. "Strategic Trading in Multiple Assets and the Effects on Market Volatiliy," International Journal of Central Banking, International Journal of Central Banking, vol. 5(4), pages 143-172, December.
  8. Hancock Diana & Passmore Wayne, 2009. "Three Initiatives Enhancing the Mortgage Market and Promoting Financial Stability," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(3), pages 1-25, March.
  9. Andreas Lehnert & Wayne Passmore & Shane Sherlund, 2008. "GSEs, Mortgage Rates, and Secondary Market Activities," The Journal of Real Estate Finance and Economics, Springer, vol. 36(3), pages 343-363, April.
  10. Lehnert, Andreas & Passmore, Wayne, 2006. "Comment on: "An options-based approach to evaluating the risk of Fannie Mae and Freddie Mac"," Journal of Monetary Economics, Elsevier, vol. 53(1), pages 177-182, January.
  11. Glenn B. Canner & Karen E. Dynan & Wayne Passmore, 2002. "Mortgage refinancing in 2001 and early 2002," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 88(Dec), pages 469-481, December.
  12. Passmore, Wayne & Sparks, Roger & Ingpen, Jamie, 2002. "GSEs, Mortgage Rates, and the Long-Run Effects of Mortgage Securitization," The Journal of Real Estate Finance and Economics, Springer, vol. 25(2-3), pages 215-242, Sept.-Dec.
  13. Heuson, Andrea & Passmore, Wayne & Sparks, Roger, 2001. "Credit Scoring and Mortgage Securitization: Implications for Mortgage Rates and Credit Availability," The Journal of Real Estate Finance and Economics, Springer, vol. 23(3), pages 337-363, November.
  14. Elizabeth Laderman & Wayne Passmore, 2000. "Do Savings Associations Have a Special Commitment to Housing?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 17(1), pages 41-68, February.
  15. Glenn B. Canner & Elizabeth Laderman & Wayne Passmore, 1999. "The role of specialized lenders in extending mortgages to lower-income and minority homebuyers," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 85(Nov), pages 709-726, November.
  16. Elizabeth Laderman & Wayne Passmore, 1998. "Is mortgage lending by savings associations special?," Economic Review, Federal Reserve Bank of San Francisco, pages 30-46.
  17. Myron L. Kwast & Wayne Passmore, 1998. "The subsidy provided by the federal safety net: theory and measurement," Proceedings, Federal Reserve Bank of San Francisco, issue Sep.
  18. Passmore, Wayne & Sparks, Roger, 1996. "Putting the Squeeze on a Market for Lemons: Government-Sponsored Mortgage Securitization," The Journal of Real Estate Finance and Economics, Springer, vol. 13(1), pages 27-43, July.
  19. Glenn B. Canner & Wayne Passmore & Brian J. Surette, 1996. "Distribution of Credit Risk Among Providers of Mortgages to Lower-Income and Minority Homebuyers," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 82(12), pages .1077-1102, December.
  20. Glenn B. Canner & Wayne Passmore, 1995. "Home purchase lending in low-income neighborhoods and to low-income borrowers," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Feb, pages 71-103.
  21. Glenn B. Canner & Wayne Passmore, 1995. "Credit risk and the provision of mortgages to lower-income and minority homebuyers," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Nov, pages 989-1016.
  22. Glenn B. Canner & Wayne Passmore, 1994. "Correction of a table appearing in the February 1994 issue in " Residential lending to low-income and minority families: evidence from the 1992 HMDA data."," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Mar, pages 239-239.
  23. Glenn B. Canner & Monisha Mittal & Wayne Passmore, 1994. "Private mortgage insurance," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Oct, pages 883-899.
  24. Glenn B. Canner & Wayne Passmore, 1994. "Residential lending to low-income and minority families: evidence from the 1992 HMDA data," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Feb, pages 79-108.
  25. Passmore, Stuart Wayne, 1993. "Econometric Models of the Eleventh District Cost of Funds Index," The Journal of Real Estate Finance and Economics, Springer, vol. 6(2), pages 175-188, March.

Chapters

  1. William Nelson & Wayne Passmore, 2001. "Pragmatic monitoring of financial stability," BIS Papers chapters, in: Bank for International Settlements (ed.), Marrying the macro- and micro-prudential dimensions of financial stability, volume 1, pages 367-384, Bank for International Settlements.

More information

Research fields, statistics, top rankings, if available.

Statistics

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Rankings

This author is among the top 5% authors according to these criteria:
  1. Number of Distinct Works, Weighted by Recursive Impact Factor
  2. Number of Distinct Works, Weighted by Number of Authors and Recursive Impact Factors

Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 25 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-URE: Urban and Real Estate Economics (16) 2005-05-23 2005-05-23 2005-05-23 2006-10-14 2007-01-02 2007-08-27 2010-07-24 2010-09-25 2011-02-05 2012-05-15 2014-06-22 2016-05-08 2016-09-04 2017-09-03 2018-03-05 2024-02-19. Author is listed
  2. NEP-BAN: Banking (10) 2007-01-02 2007-08-08 2007-08-27 2008-02-16 2010-07-24 2011-02-05 2017-03-05 2020-10-05 2024-02-19 2024-07-15. Author is listed
  3. NEP-CBA: Central Banking (6) 2008-02-16 2010-07-24 2011-02-05 2012-05-15 2017-03-05 2017-03-12. Author is listed
  4. NEP-MON: Monetary Economics (6) 1999-10-20 2008-02-16 2010-07-24 2011-02-05 2012-05-15 2014-06-22. Author is listed
  5. NEP-RMG: Risk Management (5) 2007-01-02 2017-03-05 2017-03-12 2020-10-05 2020-12-21. Author is listed
  6. NEP-MAC: Macroeconomics (4) 2007-08-08 2008-02-16 2014-06-22 2024-02-19
  7. NEP-FDG: Financial Development and Growth (2) 2024-02-19 2024-07-15
  8. NEP-FMK: Financial Markets (2) 2000-12-19 2006-10-14
  9. NEP-CSE: Economics of Strategic Management (1) 2007-01-02
  10. NEP-FIN: Finance (1) 2006-10-14
  11. NEP-GTH: Game Theory (1) 2024-02-19
  12. NEP-IAS: Insurance Economics (1) 2016-05-08
  13. NEP-PKE: Post Keynesian Economics (1) 2016-05-08
  14. NEP-PUB: Public Finance (1) 1999-10-20
  15. NEP-REG: Regulation (1) 2007-01-02

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