, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …

This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the …

to holders of commercial mortgage-backed securities (CMBS). Using detailed micro data, we show that cash flow shocks … during the COVID-19 pandemic predict CRE mortgage delinquency, especially those stemming from lease expiration of offices …

We explore the impact of mortgage securitization on the international diversification of macroeconomic risk. By making … mortgage-related risks internationally tradeable, securitization contributes considerably to better international consumption … risk sharing: we find that countries with the most highly developed markets for securitized mortgage debt have consumption …

course of the 20th century, driven by a sharp rise of mortgage lending to households. Household debt to asset ratios have …

are heterogeneous with respect to income and preferences, and mortgage lending is restricted by a down-payment requirement …

We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U …

. -- stochastic optimal control ; mortgage and financial crises ; Ito equation ; optimal dynamic risk management ; warning signals of …