decisively on prevailing loan-to-value (LTV) ratios in mortgage markets with borrowing constrained households. Utilizing a smooth … housing sector in times of high LTV ratios, which, through changes in mortgage lending and mortgage equity withdrawals (MEWs …

price changes on mortgage credit supply. Based on approximately 33 million real estate online listings, we construct a … isolate the effect on mortgage credit supply by all local German banks. First, a RETT hike by one percentage point reduces HPI … the RETT leads to a 1.4% decline in mortgage lending. This transmission of fiscal policy to mortgage credit supply is …

of macroprudential instruments addressing mortgage credit. The model compares the introduction of a loan-to-value ratio … results show that instruments work largely as intended and are to different extents suitable to dampen credit booms. Moreover …, there is a trade-off between effectiveness, i.e. the extent to which instruments are able to dampen credit booms, and …

-trigger hypothesis of mortgage defaults. In order to analyse the possible credit losses stemming from residential mortgage lending we …This paper presents a framework for estimating losses in the residential real estate mortgage portfolios of German … to 2020 for the whole German banking sector. Our results show that loss rates in the residential mortgage portfolios of …

simulation suggests that the amortization scheme known as SAC for the mortgage system is a better choice in nearly two-thirds of … should acknowledge this level of uncertainty by including explicit mortgage renegotiations within shorter periods. …

the estimation severely distorts the analysis of the latest economic dynamics. …