Wayne Passmore

Names

Identifer

Contact

Affiliations

• Federal Reserve Board (Board of Governors of the Federal Reserve System)
  • EDIRC entry
  • location:

Research profile

author of:

• Pragmatic monitoring of financial stability
  BIS Papers chapters, Bank for International Settlements (2001)
  by William Nelson & Wayne Passmore
  (ReDIF-chapter, bis:bisbpc:01-18)
• How Does the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates?
  Real Estate Economics, American Real Estate and Urban Economics Association (2015)
  by Diana Hancock & Wayne Passmore
  (ReDIF-article, bla:reesec:v:43:y:2015:i:4:p:855-890)
• Three Initiatives Enhancing the Mortgage Market and Promoting Financial Stability
  The B.E. Journal of Economic Analysis & Policy, De Gruyter (2009)
  by Hancock Diana & Passmore Wayne
  (ReDIF-article, bpj:bejeap:v:9:y:2009:i:3:n:16)
• Cost of funds indexed mortgage contracts with government-backed catastrophic insurance (COFI-Cats): A realistic alternative to the 30-year fixed-rate mortgage?
  Journal of Economics and Business, Elsevier (2016)
  by Hancock, Diana & Passmore, Wayne
  (ReDIF-article, eee:jebusi:v:84:y:2016:i:c:p:109-130)
• Comment on: "An options-based approach to evaluating the risk of Fannie Mae and Freddie Mac"
  Journal of Monetary Economics, Elsevier (2006)
  by Lehnert, Andreas & Passmore, Wayne
  (ReDIF-article, eee:moneco:v:53:y:2006:i:1:p:177-182)
• Did the Federal Reserve's MBS purchase program lower mortgage rates?
  Journal of Monetary Economics, Elsevier (2011)
  by Hancock, Diana & Passmore, Wayne
  (ReDIF-article, eee:moneco:v:58:y:2011:i:5:p:498-514)
• Federal Home Loan Bank advances and commercial bank portfolio composition
  FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2007)
  by W. Scott Frame & Diana Hancock & Wayne Passmore
  (ReDIF-paper, fip:fedawp:2007-17)
• Is mortgage lending by savings associations special?
  Economic Review, Federal Reserve Bank of San Francisco (1998)
  by Elizabeth Laderman & Wayne Passmore
  (ReDIF-article, fip:fedfer:y:1998:p:30-46:n:2)
• The subsidy provided by the federal safety net: theory and measurement
  Proceedings, Federal Reserve Bank of San Francisco (1998)
  by Myron L. Kwast & Wayne Passmore
  (ReDIF-article, fip:fedfpr:y:1998:i:sep:x:3)
• Can retail depositories fund mortgages profitably?
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1991)
  by Wayne Passmore
  (ReDIF-paper, fip:fedgfe:175)
• Market power and the pricing of mortgage securitization
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1992)
  by John L. Goodman & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:187)
• The Community Reinvestment Act and the Profitability of Mortgage-Oriented Banks
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) ()
  by Glenn B. Canner & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:1997-07)
• The effect of automated underwriting on the profitability of mortgage securitization
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1997)
  by Wayne Passmore & Roger Sparks
  (ReDIF-paper, fip:fedgfe:1997-19)
• The Subsidy Provided by the Federal Safety Net: Theory, Measurement, and Containment
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) ()
  by Myron L. Kwast & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:1997-58)
• The Community Reinvestment Act and the profitability of mortgage-oriented banks
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1997)
  by Glenn B. Canner & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:1997-7)
• Is mortgage lending by savings associations special?
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1998)
  by Elizabeth Laderman & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:1998-25)
• Pricing systemic crises: monetary and fiscal policy when savers are uncertain
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1999)
  by Andreas Lehnert & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:1999-33)
• The banking industry and the safety net subsidy
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1999)
  by Andreas Lehnert & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:1999-34)
• Credit scoring and mortgage securitization: do they lower mortgage rates?
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2000)
  by Andrea J. Heuson & Wayne Passmore & Roger Sparks
  (ReDIF-paper, fip:fedgfe:2000-44)
• GSEs, mortgage rates, and the long-run effects of mortgage securitization
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001)
  by Jamie Ingpen & Wayne Passmore & Roger Sparks
  (ReDIF-paper, fip:fedgfe:2001-26)
• Does the Community Reinvestment Act (CRA) cause banks to provide a subsidy to some mortgage borrowers?
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2002)
  by Glenn B. Canner & Elizabeth Laderman & Andreas Lehnert & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:2002-19)
• The GSE implicit subsidy and value of government ambiguity
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2003)
  by Wayne Passmore
  (ReDIF-paper, fip:fedgfe:2003-64)
• The GSE implicit subsidy and the value of government ambiguity
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2005)
  by Wayne Passmore
  (ReDIF-paper, fip:fedgfe:2005-05)
• The effect of housing government-sponsored enterprises on mortgage rates
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2005)
  by Gillian Burgess & Wayne Passmore & Shane M. Sherlund
  (ReDIF-paper, fip:fedgfe:2005-06)
• GSEs, mortgage rates, and secondary market activities
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2005)
  by Andreas Lehnert & Wayne Passmore & Shane M. Sherlund
  (ReDIF-paper, fip:fedgfe:2005-07)
• GSEs, mortgage rates, and secondary market activities
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2006)
  by Andreas Lehnert & Wayne Passmore & Shane M. Sherlund
  (ReDIF-paper, fip:fedgfe:2006-30)
• The competitive effects of risk-based bank capital regulation: an example from U.S. mortgage markets
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2006)
  by Diana Hancock & Andreas Lehnert & Wayne Passmore & Shane M. Sherlund
  (ReDIF-paper, fip:fedgfe:2006-46)
• Federal Home Loan Bank advances and commercial bank portfolio composition
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2007)
  by W. Scott Frame & Diana Hancock & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:2007-31)
• Bank core deposits and the mitigation of monetary policy
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2007)
  by Lamont K. Black & Diana Hancock & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:2007-65)
• The bank lending channel of monetary policy and its effect on mortgage lending
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2010)
  by Lamont K. Black & Diana Hancock & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:2010-39)
• An analysis of government guarantees and the functioning of asset-backed securities markets
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2010)
  by Diana Hancock & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:2010-46)
• Did the Federal Reserve's MBS purchase program lower mortgage rates?
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2011)
  by Diana Hancock & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:2011-01)
• The Federal Reserve's portfolio and its effects on mortgage markets
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2012)
  by Diana Hancock & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:2012-22)
• How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2014)
  by Diana Hancock & Wayne Passmore
  (ReDIF-paper, fip:fedgfe:2014-12)
• FHA, Fannie Mae, Freddie Mac, and the Great Recession
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2016)
  by Wayne Passmore & Shane M. Sherlund
  (ReDIF-paper, fip:fedgfe:2016-31)
• Are Basel's Capital Surcharges for Global Systemically Important Banks Too Small?
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2017)
  by Wayne Passmore & Alexander H. von Hafften
  (ReDIF-paper, fip:fedgfe:2017-21)
• Improving the 30-Year Fixed-Rate Mortgage
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2017)
  by Wayne Passmore & Alexander H. von Hafften
  (ReDIF-paper, fip:fedgfe:2017-90)
• Financing Affordable and Sustainable Homeownership with Fixed-COFI Mortgages
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2018)
  by Wayne Passmore & Alexander H. von Hafften
  (ReDIF-paper, fip:fedgfe:2018-09)
• Investor Demands for Safety, Bank Capital, and Liquidity Measurement
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020)
  by Wayne Passmore & Judit Temesvary
  (ReDIF-paper, fip:fedgfe:2020-79)
• Government-Sponsored Mortgage Securitization and Financial Crises
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2024)
  by Wayne Passmore & Roger Sparks
  (ReDIF-paper, fip:fedgfe:2024-02)
• The influence of risk-adjusted capital regulations on asset allocation by savings and loans
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1992)
  by Wayne Passmore
  (ReDIF-paper, fip:fedgfe:213)
• An efficiency model of deposit pricing and rate rigidity
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1993)
  by Wayne Passmore & Roger Sparks
  (ReDIF-paper, fip:fedgfe:93-38)
• Optimal bank portfolios and the credit crunch
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1994)
  by Wayne Passmore & Steven A. Sharpe
  (ReDIF-paper, fip:fedgfe:94-19)
• Putting the squeeze on a market for lemons: government-sponsored mortgage securitization
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1995)
  by Wayne Passmore & Roger Sparks
  (ReDIF-paper, fip:fedgfe:95-13)
• Government-Backed Mortgage Insurance Promoted a Speedier Recovery from the Great Recession
  FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) (2016)
  by Wayne Passmore & Shane M. Sherlund
  (ReDIF-paper, fip:fedgfn:2016-04-12)
• Are Basel's Capital Surcharges for Global Systemically Important Banks Too Small?
  FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) (2017)
  by Wayne Passmore & Alexander H. von Hafften
  (ReDIF-paper, fip:fedgfn:2017-02-27-1)
• The Stability of Safe Asset Production
  FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) (2020)
  by Sara Almadani & Michael M. Batty & Danielle Nemschoff & Wayne Passmore
  (ReDIF-paper, fip:fedgfn:2020-11-09-3)
• Mitigating Too Big to Fail
  FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) (2024)
  by Colleen Faherty & Wayne Passmore
  (ReDIF-paper, fip:fedgfn:2024-06-14-2)
• Distribution of Credit Risk Among Providers of Mortgages to Lower-Income and Minority Homebuyers
  Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.) (1996)
  by Glenn B. Canner & Wayne Passmore & Brian J. Surette
  (ReDIF-article, fip:fedgrb:89499)
• Residential lending to low-income and minority families: evidence from the 1992 HMDA data
  Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.) (1994)
  by Glenn B. Canner & Wayne Passmore
  (ReDIF-article, fip:fedgrb:y:1994:i:feb:p:79-108:n:v.80no.2)
• Correction of a table appearing in the February 1994 issue in " Residential lending to low-income and minority families: evidence from the 1992 HMDA data."
  Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.) (1994)
  by Glenn B. Canner & Wayne Passmore
  (ReDIF-article, fip:fedgrb:y:1994:i:mar:p:239:n:v.80no.3)
• Private mortgage insurance
  Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.) (1994)
  by Glenn B. Canner & Monisha Mittal & Wayne Passmore
  (ReDIF-article, fip:fedgrb:y:1994:i:oct:p:883-899:n:v.80no.10)
• Home purchase lending in low-income neighborhoods and to low-income borrowers
  Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.) (1995)
  by Glenn B. Canner & Wayne Passmore
  (ReDIF-article, fip:fedgrb:y:1995:i:feb:p:71-103:n:v.81no.2)
• Credit risk and the provision of mortgages to lower-income and minority homebuyers
  Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.) (1995)
  by Glenn B. Canner & Wayne Passmore
  (ReDIF-article, fip:fedgrb:y:1995:i:nov:p:989-1016:n:v.81no.11)
• Distribution of credit risk among providers of mortgages to lower- income and minority homebuyers
  Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.) (1996)
  by Glenn B. Canner & Wayne Passmore & Brian J. Surette
  (ReDIF-article, fip:fedgrb:y:1996:i:dec:p:1077-1102:n:v.82no.12)
• The role of specialized lenders in extending mortgages to lower-income and minority homebuyers
  Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.) (1999)
  by Glenn B. Canner & Elizabeth Laderman & Wayne Passmore
  (ReDIF-article, fip:fedgrb:y:1999:i:nov:p:709-726:n:v.85no.11)
• Mortgage refinancing in 2001 and early 2002
  Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.) (2002)
  by Glenn B. Canner & Karen E. Dynan & Wayne Passmore
  (ReDIF-article, fip:fedgrb:y:2002:i:dec:p:469-481:n:v.88no.12)
• An analysis of the potential competitive impacts of Basel II capital standards on U.S. mortgage rates and mortgage securitization
  Basel II White Paper, Board of Governors of the Federal Reserve System (U.S.) (2005)
  by Diana Hancock & Andreas Lehnert & Wayne Passmore & Shane M. Sherlund
  (ReDIF-paper, fip:fedgwp:3)
• Federal Reserve research on government-sponsored enterprises
  Proceedings, Federal Reserve Bank of Chicago (2006)
  by Gillian Burgess & Diana Hancock & Andreas Lehnert & Wayne Passmore & Shane M. Sherlund
  (ReDIF-paper, fip:fedhpr:1018)
• A summary of \"Federal Home Loan Bank advances and commercial bank portfolio composition\"
  Proceedings, Federal Reserve Bank of Chicago (2007)
  by W. Scott Frame & Diana Hancock & Wayne Passmore
  (ReDIF-paper, fip:fedhpr:1057)
• A proposal for \"financial institutions' secured asset-backed insurance fund\" or FINSAIF
  Proceedings, Federal Reserve Bank of Chicago (2010)
  by Diana Hancock & Wayne Passmore
  (ReDIF-paper, fip:fedhpr:1139)
• A framework that incorporation contingent capital into the capital structure of systemically-important firms
  Proceedings, Federal Reserve Bank of Chicago (2010)
  by Diana Hancock & Wayne Passmore
  (ReDIF-paper, fip:fedhpr:1141)
• Strategic niche and the profitability of banking
  Proceedings, Federal Reserve Bank of Chicago (1986)
  by Wayne Passmore
  (ReDIF-paper, fip:fedhpr:125)
• Loan loss reserves and stock market valuations of financial institutions
  Proceedings, Federal Reserve Bank of Chicago (1988)
  by Wayne Passmore
  (ReDIF-paper, fip:fedhpr:212)
• Can banks profitably fund mortgages?
  Proceedings, Federal Reserve Bank of Chicago (1991)
  by Wayne Passmore
  (ReDIF-paper, fip:fedhpr:341)
• Implementing CRA: what is the target?
  Proceedings, Federal Reserve Bank of Chicago (1995)
  by Glenn B. Canner & Wayne Passmore
  (ReDIF-paper, fip:fedhpr:454)
• The relative profitability of commercial banks active in lending in lower-income borrowers
  Proceedings, Federal Reserve Bank of Chicago (1996)
  by Glenn B. Canner & Wayne Passmore
  (ReDIF-paper, fip:fedhpr:522)
• The effect of automated underwriting on adverse selection and on the profitability of mortgage securitization
  Proceedings, Federal Reserve Bank of Chicago (1997)
  by Wayne Passmore & Roger Sparks
  (ReDIF-paper, fip:fedhpr:562)
• The subsidy provided by the federal safety net: theory, measurement, and containment
  Proceedings, Federal Reserve Bank of Chicago (1998)
  by Myron L. Kwast & Wayne Passmore
  (ReDIF-paper, fip:fedhpr:599)
• The simple microeconomics of government-sponsored enterprises
  Proceedings, Federal Reserve Bank of Chicago (2001)
  by Wayne Passmore & Roger Sparks
  (ReDIF-paper, fip:fedhpr:706)
• Measuring the CRA subsidy in mortgage markets
  Proceedings, Federal Reserve Bank of Chicago (2002)
  by Glenn B. Canner & Elizabeth Laderman & Andreas Lehnert & Wayne Passmore
  (ReDIF-paper, fip:fedhpr:835)
• An update to the GSE implicit subsidy and the value of government ambiguity
  Proceedings, Federal Reserve Bank of Chicago (2004)
  by Wayne Passmore & Shane M. Sherlund
  (ReDIF-paper, fip:fedhpr:948)
• Basel II competitive implications
  Proceedings, Federal Reserve Bank of Chicago (2005)
  by Diana Hancock & Wayne Passmore
  (ReDIF-paper, fip:fedhpr:974)
• GSE guarantees, financial stability, and home equity accumulation
  Economic Policy Review, Federal Reserve Bank of New York (2018)
  by Wayne Passmore & Alexander H. von Hafften
  (ReDIF-article, fip:fednep:00052)
• The FHA and the GSEs as countercyclical tools in the mortgage markets
  Economic Policy Review, Federal Reserve Bank of New York (2018)
  by Wayne Passmore & Shane M. Sherlund
  (ReDIF-article, fip:fednep:00053)
• Strategic Trading in Multiple Assets and the Effects on Market Volatiliy
  International Journal of Central Banking, International Journal of Central Banking (2009)
  by Chenghuan Sean Chu & Andreas Lehnert & Wayne Passmore
  (ReDIF-article, ijc:ijcjou:y:2009:q:4:a:8)
• Do Savings Associations Have a Special Commitment to Housing?
  Journal of Financial Services Research, Springer;Western Finance Association (2000)
  by Elizabeth Laderman & Wayne Passmore
  (ReDIF-article, kap:jfsres:v:17:y:2000:i:1:p:41-68)
• Putting the Squeeze on a Market for Lemons: Government-Sponsored Mortgage Securitization
  The Journal of Real Estate Finance and Economics, Springer (1996)
  by Passmore, Wayne & Sparks, Roger
  (ReDIF-article, kap:jrefec:v:13:y:1996:i:1:p:27-43)
• Credit Scoring and Mortgage Securitization: Implications for Mortgage Rates and Credit Availability
  The Journal of Real Estate Finance and Economics, Springer (2001)
  by Heuson, Andrea & Passmore, Wayne & Sparks, Roger
  (ReDIF-article, kap:jrefec:v:23:y:2001:i:3:p:337-63)
• GSEs, Mortgage Rates, and the Long-Run Effects of Mortgage Securitization
  The Journal of Real Estate Finance and Economics, Springer (2002)
  by Passmore, Wayne & Sparks, Roger & Ingpen, Jamie
  (ReDIF-article, kap:jrefec:v:25:y:2002:i:2-3:p:215-42)
• GSEs, Mortgage Rates, and Secondary Market Activities
  The Journal of Real Estate Finance and Economics, Springer (2008)
  by Andreas Lehnert & Wayne Passmore & Shane Sherlund
  (ReDIF-article, kap:jrefec:v:36:y:2008:i:3:p:343-363)
• Econometric Models of the Eleventh District Cost of Funds Index
  The Journal of Real Estate Finance and Economics, Springer (1993)
  by Passmore, Stuart Wayne
  (ReDIF-article, kap:jrefec:v:6:y:1993:i:2:p:175-88)
• Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition
  Journal of Money, Credit and Banking, Blackwell Publishing (2012)
  by W. Scott Frame & Diana Hancock & Wayne Passmore
  (ReDIF-article, mcb:jmoncb:v:44:y:2012:i:4:p:661-684)