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 …

Did government mortgage programs mitigate the adverse economic effects of the financial crisis? We find that counties … with greater participation in traditional government mortgage programs experienced less severe economic downturns during … lending had relatively smaller increases in mortgage delinquency rates; smaller declines in purchase originations, home sales …

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 …

We employ empirical pricing models for mortgage-backed security (MBS) yields and for mortgage rates to measure … announced on November 25, 2008 and completed on March 31, 2010 -- affected risk premiums that were embedded in mortgage and swap … backing for mortgage markets in particular and for the financial system more generally, reduced mortgage rates by about 85 …

-sectional variation in banks? holdings of mortgage-backed securities to show that the first and third round of quantitative easing (QE1 …