S. Wayne Passmore

Board of Governors of the Federal Reserve - Household and Real Estate Finance Section

Professor

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve - Household and Real Estate Finance Section

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    • Tel: 202-452-6432
    • Fax: 202-452-3819
SCHOLARLY PAPERS

28

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78

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91

Scholarly Papers (28)

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1.

Credit Scoring and Mortgage Securitization: Implications for Mortgage Rates and Credit Availability

Downloads 880 ( 28,898)
Citation 16

Credit Scoring and Mortgage Securitization: Implications for Mortgage Rates and Credit Availability

Number of pages: 39 Posted: 13 Dec 2000
Andrea J. Heuson, S. Wayne Passmore and Roger Sparks
University of Miami - Department of Finance, Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Mills College
Downloads 880 (28,458)
Citation 16

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Credit Scoring and Mortgage Securitization: Implications for Mortgage Rates and Credit Availability

Posted: 10 May 2002
Andrea J. Heuson, S. Wayne Passmore and Roger Sparks
University of Miami - Department of Finance, Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Mills College

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mortgage securitization, secondary mortgage markets

2.

Gses, Mortgage Rates, and the Long-Run Effects of Mortgage Securitization

Downloads 673 ( 41,750)

Gses, Mortgage Rates, and the Long-Run Effects of Mortgage Securitization

Number of pages: 34 Posted: 23 Jul 2001
S. Wayne Passmore, Roger Sparks and Jamie C. Ingpen
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section, Mills College and affiliation not provided to SSRN
Downloads 673 (41,156)
Citation 25

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GSEs, Fannie Mae, Freddie Mac, Mortgage, Securitization

Gses, Mortgage Rates, and the Long-Run Effects of Mortgage Securitization

Posted: 23 May 2002
S. Wayne Passmore, Roger Sparks and Jamie C. Ingpen
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section, Mills College and affiliation not provided to SSRN

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mortgages, government-sponsored enterprises, GSEs, mortgage-bakced securities, Fannie Mae, Freddie Mac, conforming mortgages, jumbo mortgages, securitization

3.

Gses, Mortgage Rates, and Secondary Market Activities

Downloads 327 (100,941)
Citation 12

Gses, Mortgage Rates, and Secondary Market Activities

FEDS Working Paper No. 2005-07; FEDS Working Paper No. 2006-30
Number of pages: 66 Posted: 01 Feb 2005
Andreas Lehnert, S. Wayne Passmore and Shane M. Sherlund
Board of Governors of the Federal Reserve, Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Federal Reserve Board of Governors
Downloads 327 (100,306)
Citation 12

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Mortgage finance, government-sponsored enterprises, financial stability

GSEs, Mortgage Rates, and Secondary Market Activities

Journal of Real Estate Finance and Economics, Vol. 36, No. 3, 2008
Posted: 20 Oct 2007 Last Revised: 18 Aug 2009
Andreas Lehnert, Shane M. Sherlund and S. Wayne Passmore
Board of Governors of the Federal Reserve, Federal Reserve Board of Governors and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section

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mortgage finance, government-sponsored enterprises, financial stability

4.

The Effect of Automated Underwriting on the Profitability of Mortgage Securitization

97-19
Number of pages: 27 Posted: 22 Jul 1997
S. Wayne Passmore and Roger Sparks
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Mills College
Downloads 318 (104,106)
Citation 2

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5.

Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition

FRB of Atlanta Working Paper No. 2007-17, FEDS Working Paper No. 2007-31
Number of pages: 56 Posted: 01 Aug 2007
W. Scott Frame, Diana Hancock and S. Wayne Passmore
Federal Reserve Bank of Dallas, Federal Reserve Board - Division of Research and Statistics and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section
Downloads 246 (136,512)
Citation 7

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advances, government-sponsored enterprises, GSE, portfolio shocks, panel VAR

6.

Bank Core Deposits and the Mitigation of Monetary Policy

FEDS Working 2007-65
Number of pages: 46 Posted: 17 Jul 2008
Lamont Black, Diana Hancock and S. Wayne Passmore
DePaul University - Driehaus College of Business, Federal Reserve Board - Division of Research and Statistics and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section
Downloads 245 (137,058)
Citation 8

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Bank channel, monetary policy, banks, core deposits, relationship lending, interest rates

7.

The Gse Implicit Subsidy and the Value of Government Ambiguity

Number of pages: 29 Posted: 01 Feb 2005
S. Wayne Passmore
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section
Downloads 213 (156,822)
Citation 6

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Fannie Mae, Freddie Mac, GSEs, mortgages, subsidies, housing, mortgage rates, securitization

8.

The Community Reinvestment Act and the Profitability of Mortgage-Oriented Banks

Number of pages: 31 Posted: 19 May 1997
Glenn B. Canner and S. Wayne Passmore
Board of Governors of the Federal Reserve System - Division of Research and Statistics and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section
Downloads 205 (162,462)
Citation 4

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9.

How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates

FEDS Working Paper No. 2014-12
Number of pages: 44 Posted: 07 Feb 2014
Diana Hancock and S. Wayne Passmore
Federal Reserve Board - Division of Research and Statistics and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section
Downloads 198 (167,859)
Citation 8

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Monetary policy, QE1, QE2, QE3, LSAP, MBS, mortgages

10.

The Effect of Housing Government-Sponsored Enterprises on Mortgage Rates

Number of pages: 44 Posted: 01 Feb 2005
S. Wayne Passmore, Shane M. Sherlund and Gillian Burgess
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section, Federal Reserve Board of Governors and NYU School of Law
Downloads 197 (168,647)
Citation 16

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Fannie Mae, Freddie Mac, GSEs, mortgages, MBS, securitization, mortgage rates

11.

The Banking Industry and the Safety Net Subsidy

Number of pages: 33 Posted: 14 Dec 1999
Andreas Lehnert and S. Wayne Passmore
Board of Governors of the Federal Reserve and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section
Downloads 187 (176,826)

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12.

An Analysis of Government Guarantees and the Functioning of Asset-Backed Securities Markets

FEDS Working Paper No. 2010-46
Number of pages: 46 Posted: 27 Jul 2011
Diana Hancock and S. Wayne Passmore
Federal Reserve Board - Division of Research and Statistics and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section
Downloads 168 (194,248)
Citation 6

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Fannie Mae (FNM), Freddie Mac (FRE), Mortgage-Backed Securities (MBS), Government-Sponsored Enterprises (GSE), Asset-Backed Securities (ABS), financial crisis, catastrophic risk

13.

Does the Community Reinvestment Act (Cra) Cause Banks to Provide a Subsidy to Some Mortgage Borrowers?

Number of pages: 86 Posted: 24 Apr 2002
Andreas Lehnert, Glenn B. Canner, Elizabeth Laderman and S. Wayne Passmore
Board of Governors of the Federal Reserve, Board of Governors of the Federal Reserve System - Division of Research and Statistics, Federal Reserve Bank of San Francisco and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section
Downloads 140 (225,894)
Citation 1

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Community Reinvestment Act, mortgages, bank regulation

14.

Are Basel's Capital Surcharges for Global Systemically Important Banks Too Small?

FEDS Working Paper No. 2017-021
Number of pages: 58 Posted: 01 Mar 2017
S. Wayne Passmore and Alexander von Hafften
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Board of Governors of the Federal Reserve System
Downloads 101 (287,243)
Citation 1

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Basel III, G-SIBs, G-SIFIs, Bank capital, Bank equity, Bank regulation, Banks

15.

The Federal Reserve's Portfolio and its Effects on Mortgage Markets

FEDS Working Paper No. 2012-22
Number of pages: 32 Posted: 10 May 2012
Diana Hancock and S. Wayne Passmore
Federal Reserve Board - Division of Research and Statistics and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section
Downloads 93 (303,033)
Citation 5

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QE1, QE2, Federal Reserve, MBS, mortgage, interest rates, mortgage rate

16.

The Bank Lending Channel of Monetary Policy and its Effect on Mortgage Lending

FEDS Working Paper No. 2010-39
Number of pages: 44 Posted: 27 Jul 2011
Lamont Black, Diana Hancock and S. Wayne Passmore
DePaul University - Driehaus College of Business, Federal Reserve Board - Division of Research and Statistics and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section
Downloads 77 (340,043)
Citation 9

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Bank lending channel, monetary policy, depository institutions, mortgages

17.

Did the Federal Reserve’s MBS Purchase Program Lower Mortgage Rates?

FEDS Working Paper No. 2011-01
Number of pages: 62 Posted: 10 Nov 2011
Diana Hancock and S. Wayne Passmore
Federal Reserve Board - Division of Research and Statistics and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section
Downloads 60 (388,286)
Citation 41

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Federal Reserve, mortgage-backed securities, MBS, mortgage rate, quantitative easing

18.

Improving the 30-Year Fixed-Rate Mortgage

FEDS Working Paper No. 2017-090
Number of pages: 77 Posted: 07 Sep 2017
S. Wayne Passmore and Alexander von Hafften
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Board of Governors of the Federal Reserve System
Downloads 58 (394,784)

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COFI, Cost of funds, Financial institutions, Fixed-rate mortgage, Homeownership, Interest rates, Mortgages and credit

19.

FHA, Fannie Mae, Freddie Mac, and the Great Recession

FEDS Working Paper No. 2016-031
Number of pages: 47 Posted: 25 Apr 2016
S. Wayne Passmore and Shane M. Sherlund
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Federal Reserve Board of Governors
Downloads 53 (411,861)

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Financial crisis, Great Recession, Government policy, Mortgages

20.

Financing Affordable and Sustainable Homeownership with Fixed-Cofi Mortgages

FEDS Working Paper No. 2018-009
Number of pages: 54 Posted: 08 Feb 2018 Last Revised: 29 Apr 2020
S. Wayne Passmore and Alexander von Hafften
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Board of Governors of the Federal Reserve System
Downloads 30 (508,611)

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Downpayment, COFI, Fixed-rate mortgage, Cost of funds, Homeownership, Interest rates, Mortgage

21.

The FHA and the GSEs as Countercyclical Tools in the Mortgage Markets

Economic Policy Review, Vol. 24, No. 3, 2018
Number of pages: 13 Posted: 10 Dec 2018
S. Wayne Passmore and Shane M. Sherlund
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Federal Reserve Board of Governors
Downloads 20 (567,692)
Citation 2

Abstract:

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financial crisis, Great Recession, mortgages, government policy

22.

GSE Guarantees, Financial Stability, and Home Equity Accumulation

Economic Policy Review, Vol. 24, No. 3, 2018
Number of pages: 17 Posted: 10 Dec 2018
S. Wayne Passmore and Alexander von Hafften
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Board of Governors of the Federal Reserve System
Downloads 18 (580,753)
Citation 3

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mortgage, government, government-sponsored enterprise, guarantee, cost of funds, financial stability

23.

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, Vol. 43, Issue 4, pp. 855-890, 2015
Number of pages: 36 Posted: 26 Oct 2015
Diana Hancock and S. Wayne Passmore
Federal Reserve Board - Division of Research and Statistics and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section
Downloads 0 (727,214)
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24.

Pricing Systemic Crises: Monetary and Fiscal Policy When Savers are Uncertain

Posted: 14 Dec 1999
Andreas Lehnert and S. Wayne Passmore
Board of Governors of the Federal Reserve and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section

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25.

Optimal Bank Portfolios and the Credit Crunch

Posted: 10 Sep 1999
S. Wayne Passmore and Steven A. Sharpe
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Federal Reserve Board - Research & Statistics

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26.

Is Mortgage Lending by Savings Associations Special?

Posted: 06 Oct 1998
S. Wayne Passmore and Elizabeth Laderman
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Federal Reserve Bank of San Francisco

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27.

The Subsidy Provided by the Federal Safety Net: Theory, Measurement and Containment

Posted: 02 Apr 1998
Myron L. Kwast and S. Wayne Passmore
Federal Reserve Board - Division of Research & Statistics and Board of Governors of the Federal Reserve - Household and Real Estate Finance Section

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28.

Putting the Squeeze on a Market for Lemons: Government- Sponsored Mortgage Securitization

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Putting the Squeeze on a Market for Lemons: Government- Sponsored Mortgage Securitization

J. OF REAL ESTATE FINANCE AND ECONOMICS, Vol. 13 No. 2
Posted: 28 Feb 1997
S. Wayne Passmore and Roger Sparks
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Mills College

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Putting the Squeeze on a Market for Lemons: Government- Sponsored Mortgage Securitization

Posted: 17 Aug 1995
S. Wayne Passmore and Roger Sparks
Board of Governors of the Federal Reserve - Household and Real Estate Finance Section and Mills College

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