reduced recent refinancing in states with depressed property markets. We also point to the many ways in which the reduction in … refinancing may have inflicted additional damage in these already recession-hit states. Finally, we show that relatively minor …

literature on the role of refinancing in policy implementation. After briefly reviewing mortgage market institutions in the U ….S. and documenting refinance activity over time, we summarize the links between refinancing and consumption, and describe the … frictions impeding the refinancing channel. The paper draws heavily on research emerging from the experience of the financial …

discipline has played an important role in prudential regulation by encouraging proper risk management by banks. There is …

regulation system during the last two decades, the 1991 Federal Deposit Insurance Corporation Improvement Act (FDICIA). We …