a house in coastal areas may be at increasing risk of defaulting on their mortgage. Commercial banks have the ability to … Mortgage Association, commonly known as Fannie Mae, and the Federal Home Loan Mortgage Corporation, known as Freddie Mac. In … securitized mortgages. This paper uses the impact of one such sharp rule, the conforming loan limit, on securitization volumes. We …

Florida land boom of the mid-1920s, the U.S.' first housing boom in which buyers from around the nation participated …. Estimates suggest that an astounding 20 million lots were offered for sale in Florida at that time. Our detailed narrative and … all actors behaving with "bounded rationality." We find that most Florida banks that failed were associated with the …

amount depend on mortgage rate negatively, consistent with a prepayment-driven demand channel. This negative dependence …

This paper quantifies the scale and scope of the commercial real estate mortgage bond market in the period surrounding … the 1920s in an attempt to better understand the role of retail mortgage debt in early urban development. In particular … utilizes a unique data set to construct a commercial mortgage price index over the period 1926-1935 …

to be affected by securitization, and to different definitions of delinquency. Our results are strongest in subsamples in …

mortgage and the lender's subsequent choice whether to renegotiate or "modify" the loan. The theoretical model and econometric … analysis illustrate that "unaffordable" loans, defined as those with high mortgage payments relative to income at origination … explanation for the low number of modifications to date than contract frictions related to securitization agreements between …

the mortgage secondary market fostered by securitization has reduced the impact of local funding shocks on credit supply …This paper shows that securitization reduces the influence of bank financial condition on loan supply. Low-cost funding …. By extension, securitization has weakened the link from bank funding conditions to credit supply in aggregate, thereby …

trades, which could permit the securitization of housing loans and lines of credit. Other improvements in capital markets …

We examine the payoff performance, up to the end of 2013, of non-agency residential mortgage-backed securities (RMBS …), issued up to 2008. We have created a new and detailed data set on the universe of non-agency residential mortgage backed …

delays using the residential mortgage market as a laboratory. We find a strong relationship between mortgage performance and … information, and in cases where the originator and the issuer of mortgage-backed securities are not affiliated …