We exploit a unique dataset that features both un-intermediated mortgage requests and independent responses from … current mortgage payments over insurance against future rate increases. Contrary to assumptions in the previous literature, we …

We characterise the large number of mortgage offers for which people qualify. Almost no one picks the cheapest option … income borrowers. Young people and first-time buyers are more mistake-prone. The dispersion in the mortgage menu is …

risk composition channel of income inequality. Following a rise in income inequality house prices and mortgage debt decline …

novel micro datasets with near-universal coverage of UK mortgages and employment. I estimate that a reduction in mortgage …-tradable businesses the following year. But the spatial distribution of mortgage and labour market structures resulted in significant …

The mortgage market has played a central role in the global financial crisis. One particularly pressing question … surrounds the conditions under which mortgage borrowers enter distress, ie get into arrears or default. This paper develops a … novel micro dataset from residential mortgage loans which UK banks and building societies have pre-positioned with the Bank …

appropriate for UK and US mortgages. This model also forecasts mortgage default rates accurately and parsimoniously. The model … generates value-at-risk estimates for future mortgage default rates, which can be used to inform stress-testing and …