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 …

Foreclosures led to severe disruptions in home mortgage lending during the recent Great Recession and the Great … functions. We measure the impact of foreclosures on new mortgage lending using a panel of all B&Ls in 4 states. The foreclosure … overhang explains about 30 percent of the drop in new mortgage lending by B&Ls as the housing crisis intensified between 1930 …

unique design reflecting the subprime mortgage design. Subprime securitization tranches were often sold to CDOs, which were … feature, linked to house price appreciation. Subprime mortgages were then financed via securitization, which in turn has a …

owners having negative equity in their homes and of rising mortgage interest rates. We find that both lead to lower, not …

This paper provides updated estimates of the impact of three financial frictions - negative equity, mortgage lock … household mobility by 30 percent, and $1,000 of additional mortgage or property tax costs reduces household mobility by 10 …

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

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 …

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 …