Benn Steil


A graphical take on geoeconomic issues, with links to the news and expert commentary.

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Access to Credit

February 17, 2009

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.

Healy: Obama Plans $275 Billion Outlay to Fight Foreclosures
Ward: Obama Unveils Foreclosure Plan
Paletta: Obama Offers Housing Plan
Leonhardt: Focusinig on Most Afflicted Homeowners
Fact Sheet: Homeowner Affordability and Stability Plan

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