from Geo-Graphics

Access to Credit

February 17, 2009

Blog Post
Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions.

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Congressional hearings have focused on the question of whether credit is being extended and by whom. Our chart shows why this question matters. The black and red lines show the tight correlation between home price appreciation and mortgage credit growth. The shaded areas show, through the 3rd quarter, that the government is extending while banks and the securities market are contracting home mortgage credit.

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