*Names in bold indicate Presenter
The general pattern of declining market share in the entire nation for FHA and increasing market share for conventional prime and subprime loans held in submarkets where FHA traditionally has played a major role. FHA provided, historically, products for first time home buyers as well, often those with limited down payments available. As subprime lending has ceased for the most part, and prime lending has tightened standards, the access to funds for homeownership may increasingly become difficult for vulnerable populations. As U.S. housing markets are grappling with unprecedented changes in liquidity and credit constraints, policy solutions are being offered on an increasingly frequent basis. To better inform the policy debate, we document how markets have changed and what challenges remain for providing access to sustainable homeownership.