are much higher than those observed at any point in the 2000s. We describe in this paper how non-bank mortgage companies …

mortgage rates. The Federal Reserve's accumulation of MBS and Treasury securities lowered MBS yields and mortgage rates by more … turn significantly lower mortgage rates …

The 30-year fixed-rate fully amortizing mortgage (or "traditional fixed-rate mortgage") was a substantial innovation … accumulation, many lenders require large down payments. Second, in each monthly mortgage payment, homeowners substantially …, refinancing mortgages is often very costly. We propose a new fixed-rate mortgage, called the Fixed-Payment-COFI mortgage (or …

We document wide dispersion in the mortgage rates that households pay on identical loans, and show that borrowers … percentile mortgage rate that borrowers with the same characteristics obtain for identical loans, in the same market, on the same … direct evidence that financial knowledge and shopping both affect the mortgage rates borrowers get, and that shopping …

We provide an empirical analysis of the effects of the Federal Reserve's asset holdings on MBS yields and mortgage … rates. We argue that understanding the particulars of the U.S. mortgage markets, particularly the linkages between the … secondary and primary mortgage markets, is important. We find evidence that the Federal Reserve's portfolio holdings influence …

Two key channels that allowed the 2007-2009 mortgage crisis to severely impact the real economy were: a housing net … of these new channels by considering two different shocks linked to the supply of mortgage credit: an increase in the … interventions that are able to reduce the severity of a mortgage crisis: debt relief for borrowing households and central bank …

equilibrium mortgage loan terms in the period from 2003 to 2007. The technique is designed to eliminate sources of bias that may …

equilibrium mortgage loan terms in the period from 2003 to 2007. The technique is designed to eliminate sources of bias that may …

The U.S. mortgage crisis that began in 2007 generated questions about the role played by Fannie Mae and Freddie Mac … the UAG on the GSEs' whole single-family mortgage purchases during peak years for the subprime mortgage market. Under the …

The U.S. mortgage crisis that began in 2007 generated questions about the role played by Fannie Mae and Freddie Mac … the UAG on the GSEs' whole single-family mortgage purchases during peak years for the subprime mortgage market. Under the …