Unlocking the Value of Low-Rate Home Mortgages
Kupiec and Pollock revisit residential defeasance after a reported GLCU transaction and discuss voluntary arrangements between portfolio lenders and borrowers.
Opinion / economic analysisAlso at AEI ↗ECONOMIC WRITING
Paul H. Kupiec
Arthur F. Burns Senior Fellow in Financial Policy, American Enterprise Institute
About Paul H. Kupiec
Paul H. Kupiec is the Arthur F. Burns Senior Fellow in Financial Policy at the American Enterprise Institute. With Alex J. Pollock, he has written about mortgage lock-in, residential defeasance and the distinction between policy proposals and voluntary portfolio-lender transactions.
Economic-policy coauthor. The linked articles are attributed analysis, not an endorsement by AEI or a regulator.
Original biography ↗Selected writing.
How to End Mortgage Lock-In and Get Americans Moving Again
An earlier policy proposal addressing low-rate mortgage lock-in and capital-gains tax barriers to home sales.
Opinion / historical policy proposalAlso at AEI ↗The Housing Market’s Lock-In Effects
A longer examination of mortgage rates, capital-gains taxes and proposed federal changes to reduce barriers to moving.
Essay / historical policy proposal