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Author:
Valerie L. Smith, Senior Policy Analyst
Forrest Pafenberg, Senior Policy Analyst
Laura Goren, Research Assistant
Author:
Andrew Leventis, Principal Economist
This OFHEO Research Paper explains the differences between the OFHEO and S&P/Case-Shiller House Price Indexes.
Author:
Andrew Leventis, Principal Economist
This Office of Federal Housing Enterprise Oversight (OFHEO) research paper analyzes the potential causes of the differences between the OFHEO House Price Indexes (the “HPI”) and home price indexes produced by S&P/Case-Shiller. The paper updates a research note published by OFHEO in July 2007. This paper is part of OFHEO’s ongoing effort to enhance public understanding of the nation’s housing finance system.
Author:
Andrew Leventis, Principal Economist
This OFHEO research paper publishes data regarding the reconciling price change estimates for 2007Q1-2008Q1 for the OFHEO and S&P/Case-Shiller price indexes. This includes ten original S&P/Case-Shiller Metropolitan area indexes.
Author:
Andrew Leventis, Principal Economist
Forrest Pafenberg, Senior Policy Analyst
Valerie L. Smith, Senior Policy Analyst
Jesse Weiher, Senior Economist
Author:
Andrew Leventis, Principal Economist
This Office of Federal Housing Enterprise Oversight (OFHEO) research paper analyzes differences in recent price trends for homes with different types of financing and borrower characteristics. The work follows preliminary research published in January that uncovered relative price weakness for homes not purchased with Enterprise-financed mortgages. This paper is part of OFHEO’s ongoing effort to enhance public understanding of the nation’s housing finance system.
Author:
Forrest Pafenberg, Senior Policy Analyst
Author:
Alexander Bogin, Senior Economist; William M. Doerner, Senior Economist
*Revised 8/20/2014
This paper describes an empirical approach to generate plausible, historically‐based interest rate shocks, which can be applied to any market environment and can readily link to movements in other key risk factors. The approach is based upon yield curve parameterization and requires a parsimonious yet flexible factorization model.
Author:
Ken Lam, Senior Economist
Robert M. Dunsky, Principal Economist
Austin Kelly, Associate Director for Housing Finance Research
Policy discussions are increasingly focused on a return to more conservative mortgage underwriting standards. This study explores the relationship between down payment (loan‐to‐value ratio or LTV) requirements and loan performance of GSE and FHA mortgages, controlling for borrower characteristics and housing market conditions.
Author:
William M. Doerner, Senior Economist; Andrew Leventis, Principal Economist
Trends in residential house values can be expressed by changes in House Price Indexes (HPIs). HPIs are based on observed prices and help guide real estate activities. Since the recent housing crash, distressed sales have increased in numbers and have led to concerns about their effects on market valuations. This paper explores the extent to which distressed sales can be identified in transactions data and how they affect HPIs.
