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Articles by Kamila Sommer
A Note on Recent Dynamics of Consumer Delinquency Rates
Skip to main content The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. Sections Search Search Submit Button
The Effects of Credit Score Migration on Subprime Auto Loan and Credit Card Delinquencies
Skip to main content The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. Sections Search Search Submit Button
Student Debt Cutting Into Home Ownership Rate
While many factors have influenced the downward slide in the rate of homeownership, some say that the historic levels of student loan debt have been a particular impediment. Indeed, outstanding student loan balances have more than doubled in real terms (to about $1.5 trillion) during the past decade, with average real student loan debt per capita for individuals ages 24 to 32 rising from about $5,000 in 2005 to $10,000 in 2014.
Implications of US Tax Policy for House Prices, Rents, and Homeownership
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Fed in Print
Board of Governors of the Federal Reserve System (U.S.) On the Effect of Student Loans on Access to Homeownership This paper estimates the effect of student loan debt on subsequent homeownership in a uniquely constructed administrative data set for a nationally representative cohort aged 23 to 31 in 2004 and followed over time, from 1997 to 2010.
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