Is the FHA Creating Sustainable Homeownership?
---- Acknowledgements -----
We thank Damien Weldon and CoreLogic for providing us with access to crucial data. We also thank Diego Aragon, Gunnar Blix, Scott Frame, Charles Freeman, Ahu Gemici, Joseph Gyourko, Andy Haughwout, Steven Laufer, John Leahy, Roy Lowrance, Daniel Martin, and Ruth Wyatt for their invaluable input. Joshua Abel provided capable research assistance. The opinions expressed herein are those of the authors alone, not of New York University, the Federal Reserve Bank of New York, the Federal Reserve System, CoreLogic, or the National Bureau of Economic Research.