@article {305221,
	title = {The Government-Sponsored Enterprises and the Mortgage Crisis: The Role of the Affordable Housing Goals},
	journal = {Real Estate Economics},
	volume = {41},
	number = {3},
	year = {2013},
	pages = {724-755},
	abstract = {I use regression discontinuity analysis to measure the effect of one of the Affordable Housing Goals, the Underserved Areas Goal (UAG), on the number of whole single-family mortgages purchased by Fannie Mae and Freddie Mac (GSEs) in undeserved census tracts for 1996{\textendash}2002. Focusing additionally on tracts that became UAG-eligible in 2005{\textendash}2006, I measure the effect of the UAG during peak years for the subprime market. The results suggest a small UAG effect and challenge the view that the goals caused the GSEs to supply substantially more credit to high-risk borrowers than they otherwise would have supplied during the subprime boom.},
	url = {http://onlinelibrary.wiley.com/doi/10.1111/1540-6229.12031/abstract},
	author = {Valentin Bolotnyy}
}
