Although severe crises in housing markets contributed to both the Great Recession of 2007 and the Great Depression of the 1930s, the role that housing-related financial frictions played in the crises has yet to be explored. This column investigates the impact that foreclosures had on the supply of new home mortgage loans during the housing crisis of the 1930s. It shows that an increase in foreclosed real estate on a building and loan associations’ balance sheets had a powerful and negative effect on new mortgage lending during the 1930s.
Federal Home Loan Banks – Hoover Heads
Income shocks and housing spillovers: Evidence from the World War I Veterans' Bonus - ScienceDirect
Jonathan Rose - Federal Reserve Historian - St. Louis Fed
Multifamily Apartment Owner Foreclosed On 3,200 Units in Houston – MishTalk
Mortgage rates close in on 8% with no relief in sight [Video]
Collateral Damage: Minimizing the Impact of a Liquidity Crisis - FasterCapital
Columns
Columns
Books: mortgage debt
FRB: Finance and Economics Discussion Series: Screen Reader Version - The Prolonged Resolution of Troubled Real Estate Lenders During the 1930s
FRB: Finance and Economics Discussion Series: Screen Reader Version -A Primer on Farm Mortgage Debt Relief Programs during the 1930s
2007–2008 financial crisis - Wikipedia
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FRB: Finance and Economics Discussion Series: Screen Reader Version - The Prolonged Resolution of Troubled Real Estate Lenders During the 1930s
