on two opposing effects: a "term structure" effect and an "interest rate volatility" effect. When the loan size is small … the loan size is large enough, the interest volatility effect dominates: rising LTV ratios making FRM loans less costly …

housing goals of the government sponsored enterprises, may have caused the subprime crisis. The conclusions drawn in this … role in the subprime crisis. Our lender tests indicate that areas disproportionately served by lenders covered by the CRA …